Synthetix Extends LP Rewards on Base

2025 is getting even more Based as Synthetix extends the Decembrrrr Base LP Incentives for an additional four weeks. Designed to incentivize deep liquidity for the busy perps trading season, liquidity providers can continue to earn boosted yields while traders enjoy reliable liquidity and seamless market access. LP Rewards Extended

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SNXweave Weekly Recap 163

January 8, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * KWENTA to SNX swap interface is live * TLX to SNX swap interface is live * Synthetix Exchange relaunch * New Perps markets: PENGU, VIRTUAL, FARTCOIN, and

Synthetix Sunsets Arbitrum Deployment as it Vertically Integrates on Base

Beginning today, Synthetix Perps on Arbitrum have been placed into close-only mode. This decision follows the sharp pivot in Synthetix’s product strategy to vertically integrate rather than existing solely as a platform. While this decision was not taken lightly, it is a necessary step to ensure we can deliver

Gasless 1-Click Trading Comes to Base

Synthetix Exchange is taking your trading to the next level with gasless 1-click trading. This powerful upgrade makes trading smooth and simple, all while covering your gas costs on Base. Building on the launch of Multicollateral Perps on Base, gasless 1-click trading eliminates the cost and hassle of transaction confirmations

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SNXweave Weekly Recap 162

December 18, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * LP update: Additional LP incentives are live; currently paying about 80% in SNX and stablecoins — these incentives will run for 4 weeks before being

Synthetix Exchange Launches with Multi-Collateral Perps on Base

The Synthetix Reboot is accelerating with the re-launch of Synthetix Exchange, the release of Multi-Collateral Perps on Base, a new website, and the upcoming launch of Synthetix Leveraged Tokens. Base Multi-Collateral Perps on the new Synthetix Exchange enables Perps traders to use a variety of new collateral types and maintain

Synthetix Perps Go Mobile with Mass

Synthetix Perps are now in your pocket with Mass, the mobile-first platform redefining onchain trading. Thanks to our friends at Mass, trading Synthetix-powered perpetual futures is now more convenient than ever—right from your mobile device, so you can take advantage of market opportunities anywhere, anytime. Rudy Kadoch, Founder of

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SNXweave Weekly Recap 161

December 11, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Decembrrrr Base LP incentives: Synthetix is rolling out a four-week program to boost liquidity for the busy perps trading season (see below for details

Synthetix Acquires Ecosystem Leading Leveraged Token Platform TLX

Hot on the heels of acquiring Kwenta, Synthetix has made another major strategic acquisition, this time acquiring a leading leveraged token platform, TLX. The acquisition was a token-for-token transaction that was approved via SIP-412 and TIP-14. Adding leveraged tokens is the first step towards Synthetix building and offering a wide

Decembrrrrrr snaX-mas on Base

The holidays are getting Based at Synthetix with the Decembrrrr Base LP Incentives—a four-week program designed to incentivize deep liquidity for the busy perps trading season. Liquidity providers can earn boosted yields with weekly rewards, while traders enjoy plenty of fresh powder to carve up the markets. Improving the

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SNXweave Weekly Recap 160

December 4, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * SIP-412, to acquire TLX and launch Synthetix Vaults, was presented last week. * TLX is a Synthetix leverage token protocol, and vaults are an important

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SNXweave Weekly Recap 159

November 27, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Meme Competition: Create a Synthetix-related meme and post it in #memes in the Synthetix Discord for a chance to win! 1st place: 100M $PEPE,

Synthetix: Vaulting into 2025

Synthetix is proposing to acquire TLX, per SIP-412 and TIP-14, as an exciting first step towards producing native vaults that leverage the composability of Synthetix and give users frictionless access to high-quality structured products.  Synthetix, a leader in decentralized derivatives markets, is excited to announce the launch of a new

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SNXweave Weekly Recap 158

November 13, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * The Kwenta acquisition proposal has been approved and is underway: Kwenta will be acquired by Synthetix in a token for token transaction. * Changes for

Synthetix Acquires Ecosystem Leading Perps Platform Kwenta

The first major strategic move since the recent referendum, Synthetix acquires their ecosystem leading Perps trading platform Kwenta in a token for token transaction after approval of SIP-411 by the Spartan Council and KIP-138 by the Kwenta Council. In the post-referendum era for Synthetix, we are reimagining what it means

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SNXweave Weekly Recap 157

November 6, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Last week Fenway presented SIP-411, to acquire Kwenta and relaunch Synthetix Exchange. * Fenway believes that bringing the exchange back under the Synthetix umbrella brings

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SNXweave Weekly Recap 156

October 30, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Last week’s meeting has been rescheduled to this week and will be happening today * Multi-Collateral Perps for Arbitrum is now live with 81

Proposal to acquire Kwenta and relaunch Synthetix Exchange

Both the Spartan Council and the Kwenta Council have been presented with a proposal for Synthetix to acquire Kwenta in a token<>token transaction. The terms of the transaction are: * 1 $KWENTA <> 17 $SNX (~$13.2m valuation) * $SNX received from acquired token conversions are subject to

Synthetix Multi-Collateral Perps with 81 New Markets on Kwenta

With today’s launch of Synthetix Multi-Collateral Perps V3 on Kwenta, we’re kicking off a promotional incentive program for traders and liquidity providers.  Traders can now benefit from reduced taker fees for a two-week period, and liquidity providers will see increased APYs as the treasury allocates rewards from trading

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SNXweave Weekly Recap 155

October 23, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * The referendum is complete and the new Spartan Council has taken over voting * Weekly calls will resume this week starting today * Synthetix just introduced

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Synthetix Quarterly Report — Q3 2024

Quarterly Report for Synthetix, Quarter 3 of 2024: July — September. 👉Q3 Highlights ⭐ Spartan Council/CCs: V3 Migration, SNAX Chain, & Referendum ⭐ Ambassador Council: Ecosystem Grants Over the past few months, the Synthetix Protocol has undergone significant developments and faced a range of challenges as it continues to expand and evolve.

Synthetix’s Bold Reboot: What SR-2 Means for the Future

It’s now Autumn in the northern hemisphere, but that’s not stopping us from bringing back the DeFi Summer vibes. The recently passed governance referendum: SR-2 A Synthetix Reboot, was approved with a staggering 104 million SNX tokens, achieving a near-unanimous consensus of 99.94% in what may be

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SNXweave Weekly Recap 154

October 2, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * New data dashboards have been released — links here and here. * Orderbook perps project: Functionality has been added for canceling off-chain orders; CCs

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Synthetix Referendum Town Hall Review

September 30, 2024 The following post contains a recap of last week's Town Hall regarding the recently proposed Synthetix Referendum: A Synthetix Reboot. Community questions and answers are also reviewed below. 👉TLDR * This past week, Fenway held a Town Hall (recording here) to discuss a referendum being proposed

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SNXweave Weekly Recap 153

September 25, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Election Results * Snax chain: Mainnet has been deployed, along with crosschain governance. Governance V3 was deployed on snax chain where the recent