Celer Network is excited to announce a new partnership with SynFutures, a decentralized derivative protocol focused on creating an open and trustless derivatives market by enabling trading on any asset with proper price feeds. SynFutures will integrate the Celer Inter-chain Messaging Framework to support multi-blockchain future trading, so that users can list and trade futures on any Celer Network partner chains.
SynFutures is a truly permissionless derivatives exchange that supports 30-second asset listings, single-token liquidity provision and trading, and rigid risk management, enabling anyone to list and trade any asset with just a few clicks. In addition to future trading for fungible assets, it is also set to release NFTures – an NFT trading platform, as well as a decentralized Hash-Rate Oracle.
Celer Inter-chain Messaging Framework transforms how multi-blockchain dApps are built and used by connecting users, dApps, and chains in a frictionless flow. Developers can build inter-chain-native dApps using the Celer Inter-chain Messaging SDK for efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX from a single chain.
SynFutures’ integration with Celer Network will start with the cross-chain liquidity provisioning functionality enabled by a combination of Celer cBridge and the Celer Inter-chain Messaging Framework. With this first step, Liquidity Providers can easily provide and manage liquidity on SynFutures from any blockchain of their choice without manually bridging funds and interacting with the deploying chain. The integration will also introduce Celer Network’s community to SynFutures’ growing suite of products and services available on their decentralized derivatives platform.
In the future, SynFutures will work with Celer to enable a smooth cross-chain future trading experience from any blockchain.
“Celer is dedicated to an interoperable future with high cross-chain connectivity and composability. We are happy to see Celer IM scenarios extend to the space of future trading with SynFutures integrating the framework,” says Celer cofounder Mo Dong, “SynFutures users are already able to list and trade any future contracts anytime; with the integration, users will be able to truly leverage liquidity from any blockchain. We are excited to support SynFutures in bringing a native cross-chain future trading experience to their users.”
“Our goal at SynFutures is to make trading accessible, easy to navigate, and enjoyable for traders, regardless of their experience or expertise in derivatives trading,” said Rache Lin, co-founder and CEO at SynFutures. “With Celer Inter-chain Messaging Framework, dApp developers can focus on building and optimizing the core features of their products, while Celer IM takes care of an intuitive and frictionless cross-chain user experience. We look forward to seeing how Celer IM can facilitate a native in-app cross chain futures trading experience.”
Stay tuned for more information on our partnership with SynFutures!
SynFutures is a next-generation derivatives exchange focused on creating an open and trustless derivatives market by enabling trading on any device with proper price feeds. By cultivating a free market and maximizing the variety of tradable assets, SynFutures is lowering the barrier for entry in the derivatives market, creating a more equitable exchange market for digital assets.
About Celer Network
Celer Network is the leading inter-blockchain and cross-layer communication platform that facilitates fast, secure, and low-cost cross-chain composability and bridging. Celer’s core applications and middleware like the Inter-chain Messaging Framework, cBridge, and Layer2.Finance have attracted important blockchain contributors and massive end users in the DeFi, blockchain interoperability, and gaming spaces to build and use inter-chain native applications enabled by the Celer tech suite.