SynFutures Decentralized Exchange Secures $22 Million Investment Led by Pantera Capital The decentralized derivatives exchange
SynFutures has announced the closure of a Series B funding round that raked in $22 million.
The round was led
by Pantera Capital, a significant player in the crypto investment space, and saw participation from SIG DT Investments, a subsidiary of the Susquehanna International Group (SIG DTI),
along with HashKey Capital.
The updated platform
is coming out on testnet now, with the mainnet release slated for the fourth quarter of this year. “Users can now mint test tokens, begin trading, and explore the platform,” the team said in a post on
X.
Among other things,
the upgraded version introduces an Oyster automated market maker (AMM) fully deployed on-chain.
The innovative
AMM combines features of both traditional orderbook and AMM models used by exchanges, and enhances liquidity and capital efficiency
within decentralized finance (DeFi).
