TechFlow news, according to The Block, Singapore-based derivatives DEX SynFutures has announced the completion of a $22 million Series B funding round led by Pantera Capital, with participation from HashKey Capital, SIG DT Investments (a subsidiary of Susquehanna International Group), among others.
Rachel Lin, co-founder and CEO of SynFutures, said the company remains open to the idea of launching a native token in the future. She added that any decision would depend on market conditions and the regulatory environment.
SynFutures also launched a new version, V3, of its platform today on the Ethereum testnet. For the mainnet, the platform aims to support multiple blockchains, including Polygon and zkSync Era. The mainnet is expected to go live later this year or early next year.
SynFutures said it has developed a proprietary automated market maker model called Oyster for its V3 platform, which combines the best aspects of order book and AMM models.
