Sep 27/28: Synthetix Community Governance Call

The next Synthetix community governance call is scheduled for Tuesday Sep 27th at 8pm UTC (9/27 afternoon/evening for western hemisphere; 9/28 morning for eastern hemisphere), and we’d love for you to join us! We'll be holding this event on our Discord, RSVP now at https://discord.

New Synthetix Perp Futures Market: sOP

Synthetix is excited to add Optimism Perpetual markets to join its growing list of supported assets available for leverage trading through Synthetix Perp Futures on Kwenta. New Markets - sOP The Optimism Perpetual market will join the growing list of supported cryptocurrencies available for leverage trading through Synthetix Perpetual Futures.

Synthetix Elections - Nominations start Sep 10th

💡Updated 9/26/22 to reflect the removal of the nomination period with the passage of SIP 278. Nominations are now possible during the voting period. Nominations for the next epoch's Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) will open later, Sep 10th at 0:00 UTC! The epoch

New Synthetix Perp Futures Market: sXMR

XMR Perpetual market will join the growing list of supported cryptocurrencies available for leverage trading through Synthetix Perpetual Futures.

New Synthetix Perp Futures Markets: BNB, DOGE, and DEBT-Ratio

Synthetix is excited to launch three markets to join its growing list of supported assets available for leverage trading through Synthetix Perp Futures on Kwenta. New Markets - BNB, DOGE, DEBT RATIO BNB and DOGE Perpetual markets will join the growing list of supported cryptocurrencies available for leverage trading through

Synthetix and the Merge

In preparation for the Ethereum merge event, expected to take place on 15-September, SIP 271 was approved which suspends all Synthetix contracts on both Ethereum and Optimism, when Total Terminal Difficulty (TTD) crosses 58740000000000000000000, around 3 hours prior to the expected merge block and resume activities after ensuring that Chainlink

community

A dive into the Synthetix Ecosystem on Optimism

This blog dives into the Synthetix Ecosystem on Optimism with protocols such Lyra, Kwenta, Dhedge, Aelin, Polynomial, and more!

The Tiaki Release - Improved Atomic Swaps

The Tiaki is currently ongoing and will be done within the next few hours; the following SIPs will be implemented: * SIP-258: Trade Directionality In Pricing of Atomic Swaps: Improves pricing of Atomic Swaps by integrating directionality into trading What are Atomic Swaps? (aka: Cross Asset Swaps) Atomic Swaps are a

Synthetix Integrates Socket for Easy Bridging

Synthetix is excited to work with Socket Tech / Bungee to allow users to quickly bridge assets to and from Optimistic Ethereum. Not only does this allow users to utilize the sUSD bridge to/from Optimism, but it also allows Synthetix to onboard users more efficiently across all of DeFi. Bridging

The sUSD Bridge has been enabled

💡Update as of 8/17/22 - Bridging to Optimism can now be done through the built-in bridging UI in the staking menu instead of direct contract interactions. The Bridge to transfer sUSD between mainnet and Optimistic Ethereum is now live. A guide has been prepared to make it user-friendly

Synthetix 2022 Release Milestones - Halfway Review and Deep Dive

We've reached the year's halfway point, so it's a good time to revisit key milestones for 2022. It's been an exciting six months thus far with several highly anticipated features hitting mainnet and driving $100-200m in daily trading volume through the Synthetix protocol. As Kain mentioned on Twitter, sights have

Jun 29/30: Synthetix Community Governance Call

The next Synthetix community governance call is scheduled for June 29th at 8pm UTC (6/29 afternoon/evening for western hemisphere; 6/30 morning for eastern hemisphere), and we’d love for you to join us! We'll be holding this event on our Discord, RSVP at https://discord.gg/qyqqKUH4?

The Algol Release

Today, June 23rd at ~ 7:00 UTC, the Algol release will begin. Here's what’s included in this release: * SIP-251: Differentiate Liquidation Penalties: Adds a new system setting for SNX staker liquidations Differentiate Liquidation Penalties SIP 251 sets liquidation penalties that are applied to both staking and loans. The liquidation

Automated SNX Rewards - Live on Optimism (from Gelato)

We've recently partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism. As of right now, the integration enables stakers to claim their weekly rewards once their C-Ratio is above the target C-Ratio (as of right now, this is 350%) The functionality to enable automation

Nominations are now open for Synthetix Councils & V3GM Election Module

Nominations for the next epoch's Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) are now open! The epoch lasts for 3 months, from July 1st to Octeober 1st. All elected council members will receive a monthly stipend from the Synthetix Treasury of 2,000 SNX per month. Nominations are closing

The Saiph Release

Later today, June 9th at ~5:00-6:00pm UTC, the Saiph release will begin. Here's what’s included in this release: * SIP-235: Update Issuer Modifier: Increases security for future Synthetix deployments for the onlyTrustedMinters modifier in Issuer * SIP-238: Only allow token transfers via proxies: Allow users to interact with SNX,

dHEDGE Debt Mirror Index Token - Live on Optimism

Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on Optimism. Initially, this tool was launched onto mainnet, but it is now live on Optimism. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE & Toros Finance

Atomic Swaps - Synthetix's Mainnet Usecase

Fee Reclamation - A Quick Refresher Whenever a trade occurs on Synthetix on mainnet, there is a waiting period (10 mins). During this waiting period, users cannot exchange, transfer, or burn the Synth they have just traded into. This waiting period gives the oracles enough time to check the difference

The Kochab Release

Later today, ~June 2nd at 5pm UTC, the Kochab release will begin. Here's what's included in this release: * SIP-246 [https://sips.synthetix.io/sips/sip-246/]: Upgrade Collateral Shorts: Reenables shorting utilized by Synthetix partners. Fixes recently discovered accounting bugs in the contract, adds an owner function, and removes unused code.

Synthetix Steps into the Ring - First Athletic Sponsorship

Synthetix is stepping into the ring with its newest Spartan, Linn Sandstrom, an Australian female boxer with a story of her own to tell. We’re sponsoring @SandstromBoxer [https://twitter.com/sandstromboxer], in her fight for the WBC Australasia Title. Linn wasn’t always a Boxer. She started her athletic

The Mirarch release - Atomic Exchange, Fee Changes, New Markets, sUSD Bridge

Later today (5pm UTC, Tuesday, May 10th), the Mirarch release will begin. It will take approximately 3-4 hours to be completed. The bridge to deposit/withdraw SNX on/off Optimism will be paused during this release. Here's what’s included in this release: * SIP-198 [https://sips.synthetix.io/sips/sip-198/

Futures Funding Rate Arbitrage Guide

What is Futures Funding Rate Arbitrage Futures funding rate arbitrage is when you go long on one futures market and short on another and collect the difference in funding rates. The funding rates on Kwenta are currently long skew and present an arbitrage opportunity for traders. What are funding rates?

Synthetix & Lyra Incentivize sUSD liquidity on Optimism

💡This blog post has been updated recently (5/1/22) - Synthetix and Lyra are now incentivizing vlCVX (Convex Finance) voters through Votium Protocol instead of veCRV. Please read carefully.The time has finally come. Synthetix and Lyra have begun incentivizing liquidity for sUSD on Optimism. Synthetix has begun incentivizing

Additional perpetual futures markets - The Nunki Release

Later today, additional perpetual futures markets will become tradable. Here is what will be included in the release later today: SIP-185 [https://sips.synthetix.io/sips/sip-217/]: Additional perpetual futures markets: SOL, AVAX, MATIC, AAVE, UNI, EUR, GOLD, SILVER. Are you interested in trading Synthetix Futures? Go to any Synthetix

Basics of Staking SNX - 2022

💡Staking variables change regularly based on governance action. This guide has been updated as of 9/21/22. Current Target C-Ratio: 350% For more updated information, monitor Synthetix governance votes and the SIP/SCCP repo. Synthetix staking is vastly different from other DeFi protocols; it allows anyone to earn rewards