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“The name "Oyster AMM" reflects the completely permissionless listing of futures trading pairs on SynFutures DEX, as well as the ‘pearls’ that appear on a liquidity curve with limit orders, as is the case with our model," Rachel Lin, SynFutures' co-founder and CEO, said. Source
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The Singapore-based company, backed by the crypto investment firms Polychain and Dragonfly, says the new upgrade could meet growing interest among retail traders in decentralized finance, or DeFi. The trend accelerated after the collapse of Sam Bankman-Fried’s FTX exchange and Three Arrows Capital added a “sense of urgency to the
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SynFutures is accessible via Polygon, Binance Smart Chain, and Arbitrum, and processed over $266 million in trading volumes over the past week, data show. The protocol is backed by major crypto investors, such as Polychain Capital and Pantera, among others. Source
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