SynFutures Launches Gold and Oil Perpetuals with 10x Leverage in DeFi First

SynFutures, a decentralized derivatives exchange, has broken new ground by introducing perpetual futures contracts for gold (XAU/USDC) and crude oil (WTI/USDC), both settled in USDC. The MOVE marks one of the earliest instances of real-world asset trading in DeFi, offering up to 10x leverage for both retail and institutional traders.

Gold's recent surge to $3,345/oz and oil's geopolitical-driven volatility create ripe conditions for crypto-native trading. The platform's hybrid model—combining automated market making with order book functionality—aims to deliver competitive pricing, though early liquidity remains thin.

This launch signals DeFi's accelerating encroachment on traditional finance territory. Traders are already deploying sophisticated strategies like basis trades, while the USDC settlement eliminates fiat gateway friction. Success hinges on maintaining robust price feeds and tightening spreads as volumes grow.