The Perp Launchpad, a decentralized derivatives trading platform from SynFutures, was introduced to assist cryptocurrency projects in creating everlasting futures markets.
According to a press release from SynFutures, the platform aims to expand trading access for lesser-known tokens, giving users additional chances to interact with various digital assets.
This launchpad is unique in that it focuses exclusively on perpetual futures markets, which are a subset of derivatives markets.
Perpetual futures are frequently utilized for leveraged trading because they are always open. Most launchpads in the cryptocurrency market concentrate on spot trading or direct asset trading, which also makes this one special.
$1 Million Grant for Token Projects
SynFutures is launching a $1 million grant program to encourage token projects by offering funding, liquidity, and marketing support, assisting new projects in gaining traction and drawing users.
SynFutures allows these projects to sell tokens and provide more avenues for community engagement through trading and liquidity provision by extending access to derivatives.
The Perp Launchpad will initially run on Base, a layer 2 network based on Ethereum that enables projects to establish permanent trading pairs for their tokens.
Since July 2024, SynFutures has greatly expanded its ecosystem by collaborating with well-known projects like Lido and Solv Protocol.
Individual traders can also access various tokens, including well-known memecoins, through SynFutures’ launchpad.
The platform provides trading competitions and other incentives to promote trader participation in on-chain derivatives markets.
