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Synthetix Quarterly Report — Q2 2025

Quarterly Report for Synthetix, Quarter 2 of 2025: April — June. Q2 Highlights ⭐ Spartan Council/CCs: Synthetix Relaunch, 420 Pool Adoption The past few months have been a pivotal period for Synthetix, marked by a focus on ecosystem alignment and key shifts in the core product roadmap. From the successful expansion

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SNXweave Weekly Recap 189

July 9, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * OP rewards are back for sUSD depositors on Infinex: 12,000 OP/week up for grabs * Deposit 1,000 sUSD or more by August

sUSD Deposit Rewards on Infinex

Another round of rewards has been approved for sUSD depositors on Infinex. This campaign extension comes as we near the much awaited phase 0 of Synthetix Mainnet. Infinex users who deposit sUSD from July 4th, 2025 until Aug, 15th, 2025 will be eligible to earn rewards and will be in

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SNXweave Weekly Recap 188

July 2, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Synthetix is coming home: launching a perp DEX on Ethereum Mainnet. * No bridges, no extensions, no wallet switching, just seamless UX with Infinex Connect.

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SNXweave Weekly Recap 187

June 25, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR Spartan Space with Panoptic: * Panoptic: DeFi-native options trading using Uniswap V3 — no market makers, no expirations. * Trading strategies focus on fee generation and capital

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SNXweave Weekly Recap 186

June 18, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Mainnet: * Synthetix is going all-in on Ethereum! * End of June: Early deposit vaults for sUSD and sUSDe. * Early participants will earn Synthetix points and

L2s are Dead, Long Live Ethereum

Synthetix was one of the first protocols to launch on an Ethereum rollup back in 2021—a lifetime ago in DeFi terms. While the promise of faster and cheaper execution was compelling, the reality fell short. Liquidity became fragmented, communities splintered, and infrastructure proved unreliable. Synthetix faced frequent downtime due

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SNXweave Weekly Recap 185

June 11, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Staking Rewards Update * 170M SNX staked in the 420 pool: two-thirds of the total supply! * Yields currently: 78.24% APY for SNX and 48%

Synthetix Mainnet

Synthetix is returning to Ethereum mainnet to launch a perps exchange  Launching the first perps DEX on Ethereum Mainnet In 2019, Synthetix led the move to Optimism, as Ethereum wasn't scaling fast enough. While we solved scaling, what many of us underestimated was the impact of liquidity fragmentation

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SNXweave Weekly Recap 184

June 4, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Staking Rewards Are Live * Debt-free stakers now earn SNX rewards in the new frictionless model :  no debt, no ratios, no liquidations. * 5M SNX reward

The Repeggening

sUSD will repeg and return to $1.00 - This has always been what we’ve communicated and our actions have always been driving in this direction.  From Monday, June 2nd, 23:59 UTC, SNX stakers with debt will be required to increase the amount of sUSD they’ve deposited

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SNXweave Weekly Recap 183

May 28, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉 TLDR * SIP-415 Withdrawn: Proposal to Acquire Derive * Proposal aimed to integrate Derive’s off-chain matching engine to accelerate Synthetix’s Mainnet derivatives offering. * Valued Derive

SNX Staking is Here

Stake More, Earn More: 5 million SNX up for grabs with the re-launch of SNX staking Synthetix is re-launching SNX Staking, featuring 5M SNX in incentives to rewards dedicated SNX holders and welcome a new wave of SNX enjoyooors. By staking SNX, depositors will not only secure a share of

Rewards Extended for sUSD Deposits on Infinex

Rewards are back for sUSD depositors! Infinex users who deposit sUSD from May 23rd, 2025 will be eligible to earn rewards and will be in the running for other onchain prizes. For those with sUSD already deposited, congratulations! You'll continue to earn. If you're not yet

The Withdrawal of the Derive Acquisition Proposal

At Synthetix, we value the voices of our community and stakeholders above all.  Following the submission of SIP-415 to acquire Derive, Synthetix has decided to withdraw the proposal after carefully reviewing feedback from stakeholders of both protocols and the broader community. The acquisition aimed to create a synergistic outcome by

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SNXweave Weekly Recap 182

May 21, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * SIP-415: Proposal to Acquire Derive (formerly Lyra) * Strategic acquisition to expand Synthetix’s derivatives suite (Perps and future Options) * $27M valuation; 27 $DRV <

Synthetix sUSD Peg Update

Since the release of SIP-420, which changes how the Synthetix protocol manages debt, sUSD has navigated a period of instability as a stablecoin. While we are certain of the longterm value of sUSD as a central mechansim of Synthetix, this post recaps the steps that have been taken to help

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SNXweave Weekly Recap 181

May 14, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * sUSD Staking Live in the 420 Pool * 5M SNX in rewards being distributed over 12 months * Deposits are uncapped, but sUSD is locked until

Synthetix & Derive set to unite for Mainnet Perpetual Futures

In another major move, today a proposal has been raised for the acquisition of Derive, a leading decentralised options platform and former Synthetix ecosystem project. The transaction, outlined in SIP-415, marks a major step in consolidating product, talent and token economy into a single, unified derivatives protocol on Ethereum mainnet.

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SNXweave Weekly Recap 180

May 7, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * 420 Pool Open for sUSD Deposits * 5M SNX available in staking rewards for both new sUSD depositors and Debt Jubilee participants. * Tokens locked until

Earn $MASS tokens by trading Synthetix Perps

Mass is a mobile-friendly perps trading platform built on top of the Synthetix protocol, now live on the Base network. Mass brings the power of the decentralized Synthetix perps engine to a new interface optimized for a simple mobile experience, featuring a native app for iOS and Android. Mass makes

sUSD Staking: 5 Million SNX Rewards

Synthetix is entering a pivotal new phase, as we dive deeper into the Synthetix DeFi Renaissance. The next big iteration of Synthetix is underway, and a new set of staking initiatives is here to strengthen protocol health and incentivise the community for long-term growth. Open right now, sUSD stakers will

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SNXweave Weekly Recap 179

April 30, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * Spartan Council Elections Live * 4 seats up for grabs: 3 Advisory & 1 Treasury. Voting now open on Snapshot through May 7. * Only 420

The End of Solo Staking

As part of Synthetix’s transition to the new 420 staking pool, legacy SNX staking positions have now been liquidated as laid out in SCCP-403, but most positions can be recovered. If you're a legacy staker who has not yet migrated to the 420 Pool, please follow the

SNXweave-Gov

SNXweave Weekly Recap 178

April 23, 2025 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week. 👉TLDR * sUSD Staking in the 420 Pool * Rewards for sUSD depositors with an SNX position in the 420 Pool are live! Earn a share of