Ecosystem Vision

Description

SynFutures is a decentralized derivatives marketplace for onchain perpetual contracts. The platform utilizes Oyster AMM, a novel solution that combines order book and AMM models fully onchain to enhance liquidity. It is designed for a wide range of traders and allows for permissionless listing of any asset in seconds. The system integrates active and passive liquidity provisions into a unified system and incorporates risk management practices from traditional and centralized finance. SynFutures partners with market makers, DeFi protocols, and L1/L2s to provide a robust onchain trading experience. SynFutures is a decentralized derivatives protocol featuring the Oyster AMM model, which builds upon its previous sAMM architecture. The Oyster AMM introduces several key features: 1) Single-Token Concentrated Liquidity for Derivatives, which facilitates liquidity concentration in specific price ranges and incorporates leverage for capital efficiency, using a single token for two-sided liquidity. 2) A Permissionless On-chain Orderbook, which democratizes market access and enhances capital efficiency, transparency, and security by keeping everything on-chain. 3) A Single Model for Unified Liquidity, which seamlessly integrates the concentrated liquidity AMM and the orderbook, providing a cohesive system for both active traders and passive liquidity providers, ensuring efficient atomic transactions. 4) Advanced user protection mechanisms like a dynamic penalty fee to discourage price manipulation and a stabilized mark price system to mitigate sudden price fluctuations. The protocol has been battle-tested across three versions, with over $75B in cumulative trading volume and 200K+ traders.