World Ledger with Coco Kee

A Crypto Derivatives DEX, Inspired by Amazon and Supercharged by AI


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In this episode, I'm joined by Rachel Lin, CEO of Singapore-based SynFutures, a decentralized derivatives exchange (DEX). 

We dive into the competitive landscape of crypto derivatives and explore both the strength and weakness of centralized and decentralized exchanges and the potential of AI integration with DeFi.  Rachel also offers valuable insights into DeFi regulations, token issuance strategies and RWAs. 

She highlights the dilemma she and her team are facing: on one hand, they aim to uphold their commitment to true Web3 principles—full on-chain operations, transparent trading, and decentralized product listings; on the other hand, they grapple with slow execution times caused by the lengthy block intervals of existing public chains.

She closes with reflections on the unique advantages and hurdles of being a female founder in the blockchain space.

Episode Timestamps:

00:32: Guest Background: From TradFi to Derivatives DEX
01:55: Founding SynFutures
02:30: Decentralized vs. Centralized Exchanges
03:46: How SynFutures Compares to Deribit & dYdX
06:47: Building a Derivatives DEX with the Amazon Model
09:25: Key Challenges for Derivatives DEXs
12:35: Why Product-Market Fit Is Crucial
14:14: AI Integration with DeFi: Hype or Real Impact?
21:44: Real-World Assets (RWA): Potential and Limitations
27:03: Token Issuance: Smart Strategies and Pitfalls to Avoid
29:00: DEX Regulations in particular what the Future Holds for SynFutures in the U.S. and Base’s Verified Pools
31:28: Centralized vs. Decentralized: Strengths, Weaknesses & Lessons from SynFutures
34:03: The Female Founder Experience: Unique Advantages and Challenges


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World Ledger with Coco KeeBy Coco Kee