The perpetual futures platform will issue 10 billion F Tokens as it continues its decentralization.
Perpetual derivatives exchange SynFutures is decentralizing and launching a foundation and governance token. It has undergone three funding rounds and launched its Oyster automated market maker (AMM) a year ago.
The exchange aims to create a permissionless derivatives market accessible to retail traders. It claimed at launch that it would list “anything with a price feed.”
At present, it lists 330 trading pairs and has seen $235.1 billion in cumulative trading volume, with $71 billion of that occurring in the third quarter of this year. SynFutures had a total value locked of $26.5 million in the third quarter of the year, falling from $44.3 million in the first quarter.
