The Pearl Press — Issue 42
Welcome to The Pearl Press: Issue #042. We’ll update you weekly on the latest asset listings, community events, earning opportunities, and other relevant news. If you find this newsletter helpful, send it to your fellow SynFuturers!
Sign up for our newsletter at synfutures.com and get weekly updates.
Weekly Stats Recap
Campaigns and Rewards
$10,000 for $WELL/ETH Traders
Trade Moonwell’s $WELL/ETH pair on SynFutures and win a share of $10,000.
$20,000 for $JPY/BtcUSD Traders
Win a share of $20,000 by trading $JPY against Bifrost’s BTC-backed stablecoin BtcUSD.
Base Bonanza
We teamed up with Galxe and other Base ecosystem projects for a massive Base Bonanza event
Complete the tasks to become a SynFutures Base Squad member!
Product Updates
We recently updated the IMR rules for pairs with 10x or higher leverage to increase market stability and reduce social loss.
Here’s a quick rundown of the changes:
- If the position of the major pairs (see below image) exceeds 50% of total open interest (OI) or the corresponding USD value, the IMR for that pair will automatically double.
- For all other pairs, the criterion is either 20% of total OI or $100,000.
- When the IMR changes, it will not affect the existing positions.
Ecosystem News
SynFutures listed three new pairs this week:
WELL/ETH
Moonwell (WELL) is one of the largest lending and borrowing protocols on Base. Trade Here.
DYP/ETH
Dypius (DYP) offers solutions such as analytical tools, NFTs, and Metaverse experiences. Trade Here.
TALENT/ETH
Talent Protocol (TALENT) aggregates the achievements of builders to calculate their reputations. Trade Here.
About SynFutures
SynFutures (F) is a leading decentralized exchange and full-stack financial infrastructure provider. Utilizing its innovative Oyster AMM model and a fully onchain order-matching engine, SynFutures enables anyone to list and trade any asset with leverage. As the top perpetual futures DEX on multiple networks like Base, it introduced the industry’s first Perp Launchpad, attracting bluechips, AI tokens, memecoins, and more.
Backed by top-tier institutions like Pantera, Polychain, Dragonfly, Standard Crypto, Framework, and SIG, SynFutures is building an all-in-one platform for spot, perpetual, and wealth management, streamlining DeFi for all.
To learn more, visit www.synfutures.com