Derivatives exchange SynFutures adds new multi-chain trading with Celer

SynFutures, a decentralized derivatives exchange, announced today a new partnership with layer-2 scaling platform Celer Network. Celer will bring multi-blockchain futures trading to SynFutures, enabling users to list and trade futures on any Celer Network partner chains.

Celer Network is an inter-blockchain and cross-layer communication platform that transforms how multi-blockchain dApps are built and used by connecting users, dApps, and chains in a frictionless flow.

Developers can build interchain-native dApps using the Celer Interchain Message (IM) SDK with efficient liquidity utilization, coherent logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the ease of a single-transaction UX from a single chain.

“With Celer IM Framework, dApp developers can focus on building and optimizing the core features of their products, while Celer IM takes care of an intuitive cross-chain user experience. We look forward to seeing how Celer IM can facilitate a native in-app cross-chain futures trading experience.”
– Rachel Lin, Co-Founder & CEO at SynFutures

SynFutures + Celer

Firstly, SynFutures integration with Celer Network will start from the cross-chain liquidity provisioning functionality enabled by a combination of Celer cBridge and Celer Interchain Message Framework.

With this, liquidity providers from any chain can easily provide 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 cross-chain trading experiences from any blockchain. The integration will also introduce Celer Network’s growing community SynFutures growing suite of products and services available on its decentralized derivatives platform.

“SynFutures users are already able to list and trade any future contracts anytime; with the integration, users will be able to truly leverage liquidity from any blockchain. We are excited to support SynFutures in bringing a native cross-chain futures trading experience to their users.”
– Celer Co-Founder, Mo