Celer Network(CELR) New partnership with SynFutures

Partner's Name

SynFutures

Counterparty Website

https://www.synfutures.com/

Counterparty Details

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.

Does this partnership generate any kind of revenue?

NO

Applicable Date(s)

2022-03-01

Partnership Details

On March 2nd, 2022, SynFutures announced a strategic partnership with layer-2 scaling platform Celer Network. Celer will bring multi-blockchain futures trading to SynFutures, enabling its users to list and trade futures on any Celer Network partner chains.

SynFutures’s integration with Celer Network will start firstly from the cross-chain liquidity provisioning functionality enabled by a combination of Celer cBridge and Celer Inter-chain Message Framework. With this first step, Liquidity Providers from any chain can easily provide to and manage liquidity on SynFutures from any blockchain of choice without manually bridging funds and interacting with the deploying chain. In the future, SynFutures will work with Celer to enable smooth cross-chain future trading experiences from any blockchain.

The integration will also introduce Celer Network’s growing community to SynFutures’ expanding suite of products and services available on our decentralized derivatives platform.