Terra to provide UST liquidity on Polygon-based SynFutures
SynFutures processed over $266 million in trading volumes over the past week.
Algorithmic money market Terra will provide liquidity for TerraUSD (UST) trade pairs on decentralized finance exchange SynFutures.
The services of SynFutures are accessible via Polygon, Binance Smart Chain, and Arbitrum. Over the past week it managed to process over $266 million in trading volumes.
SynFutures is backed by investors, such as Polygon Capital and Pantera, among others.
Users can now trade a variety of assets against USD Coin (USDC), FRAX, and wrapped Ether (WETH). With implementing UST pairs they would allow their users to gain access to newer markets and trading opportunities.
The Terra ecosystem has seen massive growth with both UST and LUNA with increased activity.
Terra and SynFutures stated they would explore other ways to work together ahead of the launch of SynFutures V2. With SynFutures V2 user will be able to trade perpetual futures and other sophisticated trading products.
