zkSync Era is the next protocol in SynFutures’ chain-agnostic strategy.
Following the launch of V2 Beta on Polygon, we’re excited to announce SynFutures V2 is expanding to zkSync Era, the Layer-2 protocol that scales Ethereum with ZK technology. In the first phase of deployment, users can begin trading during the mainnet trial phase and experience SynFutures’ updated user experience and futures and perps trading on the zkSync Era mainnet.
zkSync Era is a layer 2 protocol that scales Ethereum with cutting-edge ZK tech. The protocol’s mission is not only to merely increase Ethereum’s throughput but to fully preserve its foundational values — freedom, self-sovereignty, decentralization — at scale. Since opening up Mainnet in March 2023, user activity on zkSync Era has skyrocketed, with the protocol crossing $350M in TVL.
Sam Xiao, Business Development Lead at Matter Labs, talked to Matthew Liu about zkSync’s developments on a recent episode of the FutureX podcast.
For zkSync Era users and the broader DeFi community, SynFutures V2 offers an expanded permissionless listings strategy, enabling users to list and trade pairs, leading to more asset variety. SynFutures also offers DAO Futures, allowing all native network tokens with a large community base, including coin-coin pairs, coin-ETH, coin-USD, etc., to be used as margin on each deployed network. We’re actively working with new and existing partners, including zkSync Era, to enable their native tokens to be used as a margin on V2, increasing brand awareness and token activity and streamlining the user experience.
Expanding to New Chains
Security and scalability in blockchain, and especially on Ethereum, has been an increasingly important topic as the ecosystem grows. Used in conjunction with ZK rollups, ZK tech improves data efficiency, addressing the “blockchain trilemma,” which refers to the three interdependent aspects of a blockchain network — security, scalability, and decentralization — that have historically been difficult to optimize for simultaneously.
While SynFutures has always employed a chain-agnostic approach (V1 was available on BNB Chain, Polygon, Ethereum, and Arbitrum), zkSync Era was chosen as the next chain deployment for SynFutures V2 given its commitment to decentralization and scaling Ethereum’s security and values through zero-knowledge cryptography, as well as tremendous growth of its ecosystem and community. These factors will give users an unmatched DeFi trading experience with lower fees and a future-proof design , bringing us closer to a UX on par with CeFi platforms and, ultimately, mainstream decentralized finance adoption.
“As a rapidly growing DeFi project, we believe maintaining decentralization while ensuring security and scalability is key to widespread blockchain adoption,” said Rachel Lin, co-founder and CEO at SynFutures. “Protocols like zkSync Era are using the power of zk technology to address these issues and create better user experiences for all, so we’re excited to expand our multi-chain strategy with this milestone deployment.”
“DeFi has been has been the cornerstone of zkSync Era’s initial explosive growth, and I’m excited to see yet another DeFi project integrating on zkSync Era,” said Marco Cora, SVP of business and operations at Matter Labs. “zkSync Era is rapidly attracting developers and DeFi users because of the unique and cutting-edge use cases being deployed on the protocol, and Synfutures’ decentralized derivatives infrastructure and user experience is a great example of this.”
How to Start Trading on zkSync Era
To get started with our mainnet trial phase:
- Go to https://trade.synfutures.com/#/trade.
- Switch the network to zkSync Era.
- Mint mock USDC.
- Select a pair to trade. Long or short an asset using the Mock USDC, risk free!
- Keep trading!
If you have any questions, reach out on Discord.
About SynFutures
SynFutures is a next-generation Web 3.0 decentralized derivatives infrastructure that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.
Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.
Learn more:
Website | YouTube | Twitter | Discord | Telegram | Github
About zkSync Era
zkSync Era is committed to advancing personal freedom for all with the end vision of making digital self-ownership universally accessible by building an open blockchain network that is trustless, secure, permissionless, affordable, easy to use, resilient and limitlessly scalable. zkSync Era is a zkEVM designed to scale blockchains like the Internet. The protocol makes it effortless for EVM-based projects to deploy on the L2 network, offering low gas fees and high transaction speeds, while fully preserving Ethereum’s security guarantees.