SynFutures Beta Upgrade

SynFutures is excited to announce its upgrade to a beta version which is available starting today. Built on the successful Closed Alpha since June 2021, the importance of a beta version is to bring a more open, more trader-friendly, and more transparent Synfutures platform to the users. SynFutures will also further use this period to gather more customer reviews as well as fix any issues.

SynFutures has enjoyed huge success during the 3 months it has been in closed alpha and this seems like the perfect timing to move to the beta phase. During the closed alpha period, SynFutures has registered more than 15,000 users, and a total of more than 8,000 unique addresses have traded on the platform (without counting those who placed margin only).

During Alpha, the number of asset pairs listed and traded has steadily grown with the growth of platform users. The most-traded base asset is ETH on the Ethereum mainnet dapp while MATIC is the most popular on Polygon. Some of the unique assets communities/users have managed to list and add in trading pairs over the last months include: Wrapped Ethereum, Hash Rate Futures and Binance Coin. Among 35 different trade pairs, not surprisingly, the top 3 were MATIC/USDC, MATIC/USDT, and WETH/USDT.

During Alpha, we have received more than 300 high-quality user feedback. The majority of them concentrate on product improvement, which is at the core of SynFutures long-term development. We sincerely appreciate all of the good contributions.

As SynFutures reaches a milestone of growth through successful Alpha, the community and users request for a more open, more trader-friendly, and more transparent upgrade. Here we gladly present our Beta, with key features including:

• More open: users can directly access dapp via beta.synfutures.com without going through the earlier alpha registration process.

• More trader-friendly: all-in trading fee is lowered by 4bps in Beta after changes that set the reserve fee at 1bp.

• More transparent: latest platform data open and easily visible to all users and community (development in process, ETA in 1–2 weeks)

Also per community and user requests, SynFutures Beta will shortly host a trading competition to reward the smart minds and community contributors. Stay tuned for more information.

About SynFutures

SynFutures is a decentralized synthetic asset derivative trading platform. In its first version, it launched an Ethereum-based futures market for a variety of assets, including Ethereum native, cross-chain, and off-chain real-world assets to be synthesized and freely traded against ERC 20 tokens as margin. The project is headed by Wallstreet top guns with the idea to build a solid infrastructure for future derivatives on Ethereum and other Layer2 protocols.

Join the community

Visit SynFutures website at https://www.synfutures.com/ and join discussions on:

Telegram: https://t.me/synfutures_Defi

Twitter: https://twitter.com/SynFuturesDefi

Discord: https://discord.com/invite/qMX2kcQk7A

Medium: https://synfutures.medium.com/

Source: https://medium.com/synfutures/synfutures-beta-upgrade-eff1b11bf5c6?source=rss——cryptocurrency-5