SynFutures V3

SynFutures V3 receives a C risk grade (45/100) from Hindenrank, where lower scores indicate lower risk. SynFutures V3 features genuinely innovative technology with the oAMM, but the combination of leveraged LP positions and permissionless listing creates meaningful risk. Best suited for experienced DeFi users who understand concentrated liquidity risks. The strong investor backing provides some runway, but the protocol needs to prove itself through volatile market conditions. SynFutures V3 is a decentralized perpetual futures exchange built on the Blast blockchain. Its signature innovation is the Oyster AMM (oAMM), which combines a concentrated liquidity AMM with an on-chain order book into a single unified system. This enables anyone to list any trading pair in 30 seconds and provide liquidity with a single token. LPs can use leverage to increase capital efficiency, but this also increases their risk. The protocol is backed by $38M from top-tier investors including Pantera Capital and Polychain Capital.

The key risks identified for SynFutures V3 are: (1) LPs can use leverage on their liquidity positions, meaning they face both price exposure AND liquidation risk if markets move sharply (2) Anyone can list any token as a perpetual market, including low-liquidity tokens that may be vulnerable to price manipulation (3) The audit found a vulnerability where sophisticated traders could profit at the expense of retail participants through AMM-orderbook arbitrage

SynFutures V3 scores 45/100 across eight risk dimensions: Mechanism Novelty: 9/15, Interaction Severity: 8/20, Oracle Surface: 5/10, Documentation Gaps: 3/10, Track Record: 6/15, Scale Exposure: 3/10, Regulatory Risk: 4/10, Vitality Risk: 7/10. The highest risk area is Vitality Risk at 7/10.

Among 53 rated Derivatives protocols on Hindenrank, SynFutures V3 ranks #45 by safety (lowest risk score = safest). Its 45/100 risk score and C grade place it among the riskier Derivatives protocols.

SynFutures V3 scores 6/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.