• About Us
  • Cart
  • Checkout
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • FAQ
  • Home 1
  • Home 2
  • Home 3
  • Live Prices
  • My account
  • Privacy Policy
  • Sample Page
  • Shop
  • Terms and Conditions
Newsletter
CryptoMoneyNews
Advertisement
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices
No Result
View All Result
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices
No Result
View All Result
CryptoMoneyNews
No Result
View All Result
Home Crypto News

SynFutures raises $14M for derivatives DEX supporting ‘something with a value feed’

hassibullahsaifi by hassibullahsaifi
June 17, 2021
in Crypto News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Forthcoming decentralized derivatives alternate SynFutures has closed an oversubscribed $14 million Collection A funding spherical led by Polychain Capital.

The automated market maker’s funding spherical additionally noticed participation from different heavyweight crypto buyers together with Pantera Capital, Framework, and Wintermute. Together with the DEX’s January 2021 seed spherical, SynFutures has nowraised $15.four million in complete.

In keeping with an announcement, the alternate plans to supply a one-stop-shop for derivatives, permitting anyone to launch arbitrary buying and selling pairs with any expiry date primarily based on the worth of the underlying belongings for which the liquidity is offered.

SynFutures is not going to be alone in servicing the decentralized derivatives area of interest, with established tasks like Synthetix and new gamers like Converge Finance focusing on crypto-powered derivatives for real-world belongings.

SynFutures’ daring goal is of “enabling buying and selling on something with a value feed,” together with speculative belongings akin to cryptocurrencies, conventional equities, and metals, together with extra area of interest devices akin to merchandise monitoring the hash charge of crypto networks. It is an enormous market as Polychain Capital’s founder and CEO, Olaf Carlson-Wee, acknowledged:

“In conventional monetary markets, derivatives buying and selling quantity far eclipses that of spot buying and selling and we’re now seeing an analogous shift in crypto, particularly in centralized exchanges.”

“As DEXs more and more achieve market share, we see a novel alternative for SynFutures to turn out to be the main futures market of the decentralized economic system,” Carlson-Wee added.

Rachel Lin, SynFutures’ founder and CEO, described the platform’s mission as leveling “the enjoying discipline for the typical investor by cultivating a free and open marketplace for derivatives buying and selling.” Earlier than beginning SynFutures, Lin helped discovered Bitmain spin-off and Asian “neobank” Matrixport, and beforehand oversaw the sale of structured by-product merchandise at Deutsche Financial institution.

The fundraising spherical’s closure coincides with the alpha launch of SynFutures’ platform, with the alternate focusing on July for its public mainnet launch.

Associated: DeFi and traditional finance could converge thanks to tokenization

SynFutures will be part of an increasing batch of latest decentralized exchanges providing revolutionary by-product merchandise.

Pendle, an AMM facilitating commerce in tokens representing claims to future yields, launched on Ethereum’s mainnet earlier at the moment after raising $3.5 million from Mechanism Capital, Signum Capital, and CMS, amongst others.

Pendle customers can commerce future yields on DAI deposited into Compound and USDC deposited into Aave.

Final month, Oiler Community, a DEX that enables merchants to invest on Ethereum’s fuel costs, completed a public elevate by a Liquidity Bootstrapping Pool (LBP).

Related articles

CoinFLEX Pronounces Its Main Milestones of 2021 – Press launch Bitcoin Information

September 8, 2021

Can Paying Consideration To Journal Covers Make Us Higher Buyers? | by Jonathan Baird CFA | The Capital | Sep, 2021

September 8, 2021

Source link

Share76Tweet47

Related Posts

CoinFLEX Pronounces Its Main Milestones of 2021 – Press launch Bitcoin Information

by hassibullahsaifi
September 8, 2021
0

press launch PRESS RELEASE. Since early August, CoinFLEX has seen an incredible improve in buying and selling exercise, climbing to...

Can Paying Consideration To Journal Covers Make Us Higher Buyers? | by Jonathan Baird CFA | The Capital | Sep, 2021

by hassibullahsaifi
September 8, 2021
0

Gauging Investor Sentiment Performs A Large Function In Funding Success Photograph by Charisse Kenion on Unsplash CAN PAYING ATTENTION TO...

How Automated Auditing Can Bolster DeFi Protocol Safety | by The Capital | The Capital | Sep, 2021

by hassibullahsaifi
September 8, 2021
0

One of many newly rising monetary sectors, DeFi, is dealing with an alarming improve of hacker assaults and scams. Within...

Fetch.ai (FET) ignores the Bitcoin-led market meltdown by notching a 60% achieve

by hassibullahsaifi
September 7, 2021
0

The true-world adoption of blockchain know-how is a slowly growing course of that requires the correct use circumstances and a...

Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Costs, Report Reveals – Mining Bitcoin Information

by hassibullahsaifi
September 7, 2021
0

Increased cryptocurrency costs not too long ago have restored curiosity in digital coin minting in Vietnam. Crypto mining is as...

Load More
  • Trending
  • Comments
  • Latest

Untamed Isles, a New Zealand primarily based MMORPG will spearhead the play-to-earn style. Their motto is “Sport First, Crypto Second”. Gamers can, however is not going to be compelled to interact in wallets and are in a position to commerce freely utilizing in-game mechanics and public sale homes, with out the necessity to contain blockchain. : ethereum

August 5, 2021

Apeboard. Personally the very best tracker throughout a number of useful blockchains. : ethereum

August 30, 2021

Right here Are 5 Causes Why Solana Is Skyrocketing, In response to Crypto Dealer Lark Davis

September 8, 2021

Costs Bounce Again and Crypto Inhabitants Hits 221 Million

August 2, 2021

Mimblewimble Progress Replace Thread – August : litecoin

0

To ICO or to IDO? That’s the query

0

Tsukuyomi/tsuk

0

How To Turn into A Professional Participant In PUBG

0

Mimblewimble Progress Replace Thread – August : litecoin

September 14, 2021

Chickun run? : litecoin

September 14, 2021

Close to Protocol, Algorand and PowerPool rebound whereas Bitcoin consolidates

September 8, 2021

CoinFLEX Pronounces Its Main Milestones of 2021 – Press launch Bitcoin Information

September 8, 2021
  • About Us
  • Terms and Conditions
  • Cookie Privacy Policy
  • Privacy Policy
  • Disclaimer
  • Contact Us
Call us: +1 234 XXXXX

© 2021 CryptoMoneNews by Webservices97.

No Result
View All Result
  • Home
  • Latest News
    • Blockchain News
    • Altcoin News
    • Crypto News
    • Litecoin News
  • Ethereum News
  • Fintech
  • Regulation News
  • Ripple
  • Technology
  • Live Prices

© 2021 CryptoMoneNews by Webservices97.

  • bitcoinBitcoin (BTC) $ 28,795.00 4.24%
  • ethereumEthereum (ETH) $ 1,942.05 5.55%
  • tetherTether (USDT) $ 0.997505 0.28%
  • usd-coinUSD Coin (USDC) $ 0.999932 0.17%
  • binance-coinBNB (BNB) $ 289.93 4.02%
  • xrpXRP (XRP) $ 0.405402 4.9%
  • binance-usdBinance USD (BUSD) $ 0.999008 0.3%
  • cardanoCardano (ADA) $ 0.517430 9.57%
  • solanaSolana (SOL) $ 49.97 8.84%
  • dogecoinDogecoin (DOGE) $ 0.084829 4.87%
  • polkadotPolkadot (DOT) $ 9.76 9.17%
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 28,836.00 4.21%
  • avalanche-2Avalanche (AVAX) $ 30.18 9.37%
  • staked-etherLido Staked Ether (STETH) $ 1,912.02 5.44%
  • tronTRON (TRX) $ 0.069737 0.66%
  • shiba-inuShiba Inu (SHIB) $ 0.000012 6.47%
  • daiDai (DAI) $ 0.997924 0.29%
  • litecoinLitecoin (LTC) $ 66.93 6.34%
  • crypto-com-chainCronos (CRO) $ 0.185233 4.96%
  • leo-tokenLEO Token (LEO) $ 4.94 0.58%
  • matic-networkPolygon (MATIC) $ 0.637189 8.39%
  • nearNEAR Protocol (NEAR) $ 5.91 10.78%
  • ftx-tokenFTX Token (FTT) $ 29.93 5.9%
  • bitcoin-cashBitcoin Cash (BCH) $ 189.61 6.84%
  • chainlinkChainlink (LINK) $ 6.91 8.52%
  • stellarStellar (XLM) $ 0.129945 4.91%
  • okbOKB (OKB) $ 12.05 4.02%
  • algorandAlgorand (ALGO) $ 0.441213 8.13%
  • cosmosCosmos Hub (ATOM) $ 10.13 9.19%
  • flowFlow (FLOW) $ 2.83 5.72%
  • moneroMonero (XMR) $ 160.95 6.28%
  • ethereum-classicEthereum Classic (ETC) $ 20.00 5.12%
  • apecoinApeCoin (APE) $ 7.72 9.51%
  • uniswapUniswap (UNI) $ 4.89 5.51%
  • elrond-erd-2Elrond (EGLD) $ 91.87 7.84%
  • hedera-hashgraphHedera (HBAR) $ 0.100667 2.32%
  • vechainVeChain (VET) $ 0.029590 6.3%
  • theta-fuelTheta Fuel (TFUEL) $ 0.063680 8.11%
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.993833 0.01%
  • chain-2Chain (XCN) $ 0.107669 13.8%
  • internet-computerInternet Computer (ICP) $ 7.57 8.84%
  • axie-infinityAxie Infinity (AXS) $ 21.35 0.02%
  • decentralandDecentraland (MANA) $ 1.06 9.96%
  • filecoinFilecoin (FIL) $ 7.72 9.49%
  • compound-ethercETH (CETH) $ 39.22 5.2%
  • defichainDeFiChain (DFI) $ 2.88 6.1%
  • tezosTezos (XTZ) $ 1.68 6.27%
  • the-sandboxThe Sandbox (SAND) $ 1.21 9.82%
  • fraxFrax (FRAX) $ 0.998042 0.27%
  • kucoin-sharesKuCoin Token (KCS) $ 14.24 1.22%
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?