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    An In-Depth Tutorial on Airdrop Hunting on SynFutures and Blast: Covering Every Step

    ByElly Nguyen05/03/2024
    SynFutures is currently the top derivatives exchange on Blast and has recently announced an airdrop for users through the Odyssey Points program. This article provides a detailed guide on how to participate in and receive the SynFutures airdrop.

    1. What is SynFutures?

    SynFutures is a decentralized derivatives exchange (DEX) that is currently launching on Blast, where it ranks as the top exchange in this ecosystem.

    SynFutures has raised $38 million from notable investment funds such as Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures.

    Since its launch in 2021, the project has accumulated a trading volume of $23 billion and has attracted over 100,000 users. SynFutures has confirmed the implementation of an airdrop for its users and has introduced a Points accumulation program to facilitate airdrop participation.

    Conditions for Receiving Airdrops on SynFutures

    • Liquidity Providers: Individuals who contribute liquidity to the platform.
    • Trading Participants: Users actively engaged in trading activities.
    • OG SynFuturers: Traders, liquidity providers, and event participants from the V1 and V2 versions of the project.

    3. Guide to Participating in the SynFutures Airdrop

    SynFutures has launched version V3 on Blast Mainnet and introduced a Points accumulation program for receiving airdrops, which will run for several months.

    Step 1: Register for a SynFutures Account

    • Access the registration page [here].
    • Connect your account and join the Discord community.

    Step 2: Provide Liquidity

    There are two methods to provide liquidity on SynFutures: placing Limit Orders and supplying liquidity to AMM pools.

    Placing Limit Orders

    • Select pairs marked with "Points" to accumulate Points.
    • Points accumulate when a Limit Order is placed. However, if the order remains unfilled for an extended period, it will cease to accumulate Points.
    • Orders placed close to the market price will continue to accumulate Points until fully executed. Filled orders will also be rewarded with Points.
    • The more orders placed, the more Points accumulated.

    Supplying Liquidity to AMM Pools

    • Only supply liquidity to pools marked with the "Points" designation.
    • Supplying larger volumes of liquidity within a narrow range will yield more Points.

    Step 3: Invite Friends

    • The referral program is divided into two tiers: Tier 1 and Tier 2, with Tier 1 offering a higher percentage of bonus Points.
    • Special invitation links are available to boost Points accumulation for Tier 1 referrals.

    Step 4: Open Mystery Boxes

    • Each successful registration earns the user one Mystery Box corresponding to the accumulated Points.
    • Each successful referral also grants the referrer an additional Mystery Box.

    Step 5: Participate in the Spin

    • Trading and providing liquidity on SynFutures will earn users a corresponding number of spins.
    • The more one trades or provides liquidity, the more spins are earned.
    • Landing on a Super Spin will multiply the reward by ten. Achieving certain TVL milestones within a squad increases the chances of earning a Super Spin.

    4. Conclusion

    Currently, SynFutures is the most prominent project within the Blast ecosystem, supported by reputable backers. Users are encouraged to complete tasks on the platform to qualify for airdrops from this project. It is important to note that using DeFi platforms carries inherent risks. Therefore, users should carefully manage their capital and ensure the security of their assets.

    Readmore: 

    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

    Further discussion at

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    Telegram: https://t.me/Bigcoinnews

    Twitter: https://twitter.com/BigcoinVN 

    Elly Nguyen

    Elly Nguyen

    Builder at Bigcoin - Learning to share, sharing to learn

    0 / 5 (0binh_chon)

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