Introducing SynFutures Oyster Odyssey Program 2.0: Trading Incentives Unlocked
Presenting the expanded version of our points program
If you’ve traded on SynFutures V3, you’re probably aware of Oyster Odyssey, or O_O, our points program. Over 400,000 registered users have joined the program in just over a week, and we’ve distributed millions of reward points.
That’s why we’re excited to expand SynFutures’ Oyster Odyssey points program. This updated initiative unlocks a new set of incentives based on trading volume, rewarding users for providing liquidity and trading on V3!
Effective immediately, we’re incentivizing both sides of the market — takers and makers — to contribute to our community’s shared success while highlighting their respective roles in our ecosystem:
Taker (Trader) Rewards
Takers are essential to maintaining a dynamic and fluid market, so several incentives exist to reward their trading volume and activity.
🚀Blast Points: Margin deposits will continue to earn Blast Points at the same rate per total value locked (TVL).
🏆Blast Gold: 50% of the Blast Gold will be allocated to takers based on their respective trading volume amounts.
🦪SynFutures O_O points: 50% of SynFutures’ daily O_O points emissions will be distributed to takers based on their respective trading volume amounts.
Additionally, traders can compete for a piece of the $500,000 reward for SynFutures’ Grand Prix trading competition. The official rules are on the blog.
Maker (AMM Liquidity Providers Rewards)
Liquidity providers, including AMM LPs and makers, are the backbone of our platform, facilitating smooth and efficient market operations.
🚀Blast Points: Margin deposit and AMM LP will continue to earn Blast Points at the same rate per TVL.
🏆Blast Gold: 50% of the Blast Gold will be allocated to Liquidity Providers.
🦪SynFutures O_O Points: 50% of SynFutures daily O_O Points emissions will be distributed to Liquidity Providers.
For more information on Oyster Odyssey, check this updated blog post on how the program works.
Distribution of Blast Rewards
Blast points are distributed hourly. Blast Gold is distributed every two weeks, subject to Blast’s distribution frequency.
Snapshot: O_O Points
The first snapshot for SynFutures O_O Points was taken on April 9 and captured all taker and maker activities on SynFutures V3 from the launch on February 29th until that date.
Epoch 2 is now live with a major upgrade: both takers AND liquidity providers earn O_O points. 50% of the points awarded will be allocated to takers and 50% to LPs.
Epoch 1 takers will also qualify for retroactive points based on their trading volume. Check out the latest Epoch 1 Leaderboard for your updated ranking.
Stay tuned for more info about the snapshot 👀
Please note: The rules and specifics of the expanded O_O Program, including the distribution and calculation methods, are subject to change. We are committed to maintaining a fair and transparent trading environment on our platform. Any actions that compromise the integrity of the expanded O_O Program will be met with appropriate measures. This initiative is part of our broader mission to enhance user experience and liquidity, and we welcome feedback and suggestions from our community.
Stay tuned for more updates, and thank you for being an integral part of our journey! We look forward to innovating and leading in the DeFi derivatives space.
About SynFutures
SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry’s first-ever unified AMM and onchain order book model. Backed by top investors like Pantera, Polychain, Standard Crypto, Hashkey, and more, SynFutures has processed more than $23 billion in trading volume since its launch in 2021.
Learn more: