The decentralized derivatives protocol SynFutures has completed a $22 million Series B funding round, led by Pantera Capital

ChainCatcher news, the decentralized derivatives protocol SynFutures has completed a $22 million Series B funding round, led by Pantera Capital, with participation from Susquehanna International Group and HashKey Capital.

At the same time, SynFutures has also released the V3 version of its platform, with the mainnet scheduled to launch in the fourth quarter of 2023. The upgraded V3 platform features the fully on-chain deployed Oyster Automated Market Maker (Oyster AMM). SynFutures claims that the Oyster Automated Market Maker combines order book and AMM models to enhance trading efficiency by concentrating liquidity in DeFi.