# Provide GHST as Liquidity on the Derivatives DEX SynFutures **URL:** \ **Category:** Paartnerships\ **Created:** [November 26, 2021, 5:42am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664 "2021-11-26T05:42:56Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![Moon](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/moon/32/1699_2.png) [@Moon](https://dao.aavegotchi.com/u/Moon)\ **Post date:** [November 26, 2021, 5:42am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/1 "2021-11-26T05:42:56Z")
_Disclaimer: I’m posting this on behalf of the SynFutures team with some slight edits by me._ Since Aavegotchi has gathered a lot of liquidity on Spot DEXes, it is high time for Aavegotchi to create and boost its Futures market. Derivatives markets make up the majority of global trading activity and allow users to leverage their investments. Adding GHST liquidity on SynFutures would allow people to take on leverage longs (or shorts) on the future of Aavegotchi. But why SynFutures? **Great investors and team backgroud** SynFutures is backed by Polychain, Pantera, Dragonfly, Framework, Standard Crypto, Woo, and more. The team’s background is a great combination of traditional finance and DeFi. SynFutures is the only project of its kind which can support the listing of any assets by anyone in a permissionless manner (in less than 30s). The project has the potential to be the No’1 Derivatives DEX. **Security** Backed by solid experience from the TradFi financial engineering and DeFi protocol safety, SynFutures has many risk management features (e.g. anti-flashloan attack, EMA smoothing method, etc.) and has gone through external code audits. **Easy to manage and start** SynFutures supports a single token model to add liquidity which means the Aavegotchi Treasury would only have to deposit GHST instead of offering two tokens with the risk of impermanent loss. We are asking for 200k worth of GHST tokens to kickstart the pool. The liquidity could be withdrawn anytime. **Growth Potential:** Trading volume and users are growing fast on SynFutures. For the past 3 months since ^the SynFutures Alpha launched, we reached 47k users of and $1bn+ in trading volume. All this happened without a native SynFutures token, which could attract even more users. **Volume analysis** Quickswap/SynFutures: Total LPs: 150k / 40K Total traders: 100k / 20k Daily trading volume: $100M / $29M SynFutures trading volume makes up ~1/3rd of QuickSwap, and the amount traders is 1/5th as big as on QuickSwap, however, the trading volume for different pairs is more concentrated. SynFutures has 108 trading pairs while QuickSwap has more than 22k pairs. For example, the daily trading volume of Matic-USDC on SynFutures closes in on around $9M, while Quickswap reaches $14M. More data: [Dune Analytics](https://dune.xyz/bingsft/synfutures-v1) Quick sentiment poll: _Poll ([view on site](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/1))_ ---
**Author:** ![Mycaleum](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/mycaleum/32/1712_2.png) [@Mycaleum](https://dao.aavegotchi.com/u/Mycaleum)\ **Post date:** [November 29, 2021, 7:44am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/2 "2021-11-29T07:44:50Z")
> [@Moon](#): > > All this happened without a native SynFutures token, which could attract even more users. Message received. Also, completely supportive of leveraging the treasury into a decentralized futures market on our own future! Do you believe SynFuture would be open to exploring in-game representation as well? ---
**Author:** ![Moon](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/moon/32/1699_2.png) [@Moon](https://dao.aavegotchi.com/u/Moon)\ **Post date:** [November 29, 2021, 9:05am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/3 "2021-11-29T09:05:48Z")
Maybe yeah, probably something we can revisit once the Grid (& the Paartner Parcels there) go live. ---
**Author:** ![\_BRKL](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/_brkl/32/1517_2.png) [@\_BRKL](https://dao.aavegotchi.com/u/_BRKL)\ **Post date:** [November 29, 2021, 1:15pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/4 "2021-11-29T13:15:53Z")
synfutures is the bright future! don’t hesitate. move fast ---
**Author:** ![Moon](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/moon/32/1699_2.png) [@Moon](https://dao.aavegotchi.com/u/Moon)\ **Post date:** [November 29, 2021, 2:58pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/5 "2021-11-29T14:58:48Z")
SigProp is ready frens: [Snapshot](https://snapshot.org/#/aavegotchi.eth/proposal/0x917da4b1106a666eecbecb38d4aadf6f091b5fc4c8f94de769811f81eadf1010) ---
**Author:** ![Ceza](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/ceza/32/1391_2.png) [@Ceza](https://dao.aavegotchi.com/u/Ceza)\ **Post date:** [November 29, 2021, 7:23pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/6 "2021-11-29T19:23:06Z")
But why tho? I understand the idea but don’t understand what’s the benefit. If someone can shed some light 🙏 ---
**Author:** ![Mycaleum](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/mycaleum/32/1712_2.png) [@Mycaleum](https://dao.aavegotchi.com/u/Mycaleum)\ **Post date:** [November 29, 2021, 9:45pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/7 "2021-11-29T21:45:55Z")
> [@Moon](#): > > Adding GHST liquidity on SynFutures would allow people to take on leverage longs (or shorts) on the future of Aavegotchi. Bingo, bango, there she is. Gimme a chance to show even more bullish support for this beast. There is a very limited leverage market for $Ghst right now. Trust me, I’ve tapped out WowSwap. We need more depth there for such a good call. @Moon, when would this liquidity be deployed? As in, before the 3rd land auction…??? ---
**Author:** ![Pick](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/pick/32/1506_2.png) [@Pick](https://dao.aavegotchi.com/u/Pick)\ **Post date:** [November 30, 2021, 7:10am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/8 "2021-11-30T07:10:19Z")
to put it simply, by adding the liquidity, will attract more ppl to swap the other coins into $GHST. win-win game ---
**Author:** ![deucehearts](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/deucehearts/32/1227_2.png) [@deucehearts](https://dao.aavegotchi.com/u/deucehearts)\ **Post date:** [November 30, 2021, 7:31am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/9 "2021-11-30T07:31:03Z")
I agree with Ceza. I voted No. Explain why please. Can’t just vote as if wen moon. ---
**Author:** ![Moon](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/moon/32/1699_2.png) [@Moon](https://dao.aavegotchi.com/u/Moon)\ **Post date:** [November 30, 2021, 9:52am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/10 "2021-11-30T09:52:44Z")
Shortly after the CoreProp passes I’d imagine ---
**Author:** ![electo](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/electo/32/1531_2.png) [@electo](https://dao.aavegotchi.com/u/electo)\ **Post date:** [December 2, 2021, 1:52am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/11 "2021-12-02T01:52:35Z")
Not a fan of this proposal. Synthetic / derivative markets dont do much for spot and may actually present downward pressure. It may fragment trading volumes from spot markets to derivs, which is pretty bad when the coin is 1/3 stable and growing at a very healthy rate with holders increasing. I think this proposal would be ok when more CEXs have launched GHST markets, but too early to allow an instrument to hedge with. ---
**Author:** ![zgo](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/zgo/32/1412_2.png) [@zgo](https://dao.aavegotchi.com/u/zgo)\ **Post date:** [February 2, 2022, 4:53pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/12 "2022-02-02T16:53:13Z")
will the dao get some trading fee on the 200k GHST ? how much will it be ? ---
**Author:** ![Moon](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/moon/32/1699_2.png) [@Moon](https://dao.aavegotchi.com/u/Moon)\ **Post date:** [February 2, 2022, 5:31pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/13 "2022-02-02T17:31:40Z")
Yes, 0.25% of all trading fees are redistributed to LPs ---
**Author:** ![Pegasus](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/pegasus/32/932_2.png) [@Pegasus](https://dao.aavegotchi.com/u/Pegasus)\ **Post date:** [February 2, 2022, 6:15pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/14 "2022-02-02T18:15:39Z")
Geolocked… all risk no reward. misleading data. > **[Dune Analytics](https://dune.xyz/bingsft/synfutures-v1)** > > Ethereum Ecosystem analytics by and for the community. Explore and share data from Ethereum Mainnet, Matic, Optimism and xDai for free. 400,000 x 0.25%= 1000 “Anything we can do to create a virtuous cycle of economic growth via sustainable rewards will do wonders for this game!” -Coderdan ---
**Author:** ![zgo](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/zgo/32/1412_2.png) [@zgo](https://dao.aavegotchi.com/u/zgo)\ **Post date:** [February 2, 2022, 7:20pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/15 "2022-02-02T19:20:14Z")
not sure what you meant by geolocked can you elaborate ? ---
**Author:** ![Zygo](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/zygo/32/711_2.png) [@Zygo](https://dao.aavegotchi.com/u/Zygo)\ **Post date:** [February 2, 2022, 7:34pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/16 "2022-02-02T19:34:25Z")
Didn’t we learn anything from DinoSwap? I don’t think the best use of our funds is supplying liquidity into some new unproven project. I read this proposal a couple times and I can’t see any substantial benefit to the Aavegotchi ecosystem from doing this, certainly not enough to justify locking away $200000k of our treasury into it. I think there are a lot of great things we could use this money for to help the ecosystem grow, but this is not one of them. The GoodGhosting proposal is much better–less investment, with much higher chance of bringing new people to the project. ---
**Author:** ![Swappi](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/swappi/32/1440_2.png) [@Swappi](https://dao.aavegotchi.com/u/Swappi)\ **Post date:** [February 2, 2022, 7:42pm UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/17 "2022-02-02T19:42:37Z")
Who would be managing the LP position? Edit: I see it in description - DAO treasury. ---
**Author:** ![coderdan](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/coderdan/32/1898_2.png) [@coderdan](https://dao.aavegotchi.com/u/coderdan)\ **Post date:** [February 3, 2022, 3:24am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/18 "2022-02-03T03:24:53Z")
> [@Zygo](#): > > Didn’t we learn anything from DinoSwap? I don’t think the best use of our funds is supplying liquidity into some new unproven project. A key difference with Dinoswap was that the funds were actually being spent over time. With this proposal, the DAO’s 200K will only be providing liquidity, and can be removed at any time (assuming the project doesn’t get rugged). ---
**Author:** ![HARDKOR](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/hardkor/32/1957_2.png) [@HARDKOR](https://dao.aavegotchi.com/u/HARDKOR)\ **Post date:** [February 4, 2022, 5:09am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/19 "2022-02-04T05:09:44Z")
so much this. This will be a destabilizing force. ---
**Author:** ![jarrod](https://sea2.discourse-cdn.com/flex020/user_avatar/dao.aavegotchi.com/jarrod/32/980_2.png) [@jarrod](https://dao.aavegotchi.com/u/jarrod)\ **Post date:** [November 29, 2022, 7:13am UTC](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664/20 "2022-11-29T07:13:30Z")
How is this LP position going? What trading fees have been earned so far? Should the DAO withdraw this LP position? I can’t see any trading volume relating to GHST on their analytics dashboard - [SynFutures V1](https://dune.com/synfutures/Synfutures-V1) I also can’t find a way to open a GHST position using their Dapp. Anyone have the txid of the DAO opening the LP position? [Next page](https://dao.aavegotchi.com/t/provide-ghst-as-liquidity-on-the-derivatives-dex-synfutures/2664.md?page=2)