Liquidity providers deposit funds into SynFutures and receive trading fees from traders (supply-side fees).

SynFutures is a non-custodial decentralized exchange for perpetual contracts built on Base and multiple EVM-based chains. SynFutures was founded by Rachel Lin and was launched in 2021. 

SynFutures’ team & investors own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). SynFutures’ investors include Polychain Capital, Framework Ventures, Pantera Capital, etc.

website

twitter

governance

github

discord

Derivative exchanges

SynFutures

# SynFutures Token incentives Methodology

## 1. Overview

The SynFutures token incentives metric measures the USD value of token rewards distributed to users as trading incentives. Currently, SynFutures does not operate any token incentive programs, so this metric is systematically set to zero across all time periods and supported chains. The metric maintains the same time series structure as other SynFutures metrics to ensure consistency in reporting and enable future activation if token incentive programs are introduced.

## 2. Data sources

The calculation relies on the structural framework from the SynFutures fees calculation, which processes:
- **Trade events**: Parsed `Trade`, `Sweep`, and related events from SynFutures v1 (Ethereum, Arbitrum, BSC, Polygon), v2 (Polygon), and v3 (Base, Blast) contracts
- **Contract configuration events**: Factory `NewChainlinkPair` and `NewUniswapPair` events, Router `NewUnderlying` events, and Instrument `UpdateParam` events for fee parameters
- **End-of-day token price feeds**: USD price data for quote tokens across all supported chains
- **Chain availability configuration**: Data determining which blockchain networks are active for SynFutures reporting

## 3. Step-by-step calculation

### Component A: Reference structure extraction
- **Purpose**: Establish the time series structure and identifiers needed for token incentives reporting
- **Logic**: Extract `timestamp`, `timestamp_grain`, `product_id`, and `chain_id` fields from the SynFutures fees metric calculation, which processes trading activity across all protocol versions and chains to create a comprehensive time series structure
- **Key fields**: `timestamp` (daily boundaries), `timestamp_grain` (always 'day'), `product_id` (protocol-specific identifier), `chain_id` (blockchain network identifier)

### Component B: Zero incentives assignment  
- **Purpose**: Set token incentives to zero for all time periods and chains
- **Logic**: Create a hardcoded assignment of 0 to the `token_incentives` field for every record in the reference structure, explicitly indicating that no token rewards are currently distributed
- **Key fields**: `token_incentives` (always 0)

### Final aggregation
- **Combining components**: The zero incentives values are applied to each timestamp-chain-product combination from the reference structure
- **Currency conversion**: No currency conversion needed since values are zero
- **Time aggregation**: Daily time boundaries maintained from the reference structure
- **Final calculation**: The final metric value is zero USD for all periods, representing the absence of any token incentive programs in the SynFutures protocol

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

SynFuturesF

Token incentives

Token incentives

Competitive landscape

Chain breakdown