22 New Synthetix Perps Markets are now live
Synthetix is excited to announce the addition of 22 new perpetual futures markets to join its growing list of supported assets for leverage trading through Synthetix Perp Futures.
The full list of new perpetual markets includes BTC, LINK, SOL, AVAX, AAVE, UNI, MATIC, XAU, XAG, EUR/USD, APE, DYDX, BNB, OP, DOGE, ATOM, AXS, FLOW, FTM, NEAR, AUD/USD, and GBP/USD. These markets were approved by SIP 295, SIP 2000, and had configurable values set by SCCP-277.
Trading Synthetix Perps
Synthetix Perps can be traded on two front-ends that integrate with SNX liquidity and support perps trading: Kwenta and Decentrex.
Please note that Synthetix DAO does not provide any trading front-ends directly and instead relies on third-party user-facing protocols to serve traders. For more information on integrating with Synthetix Perps, please refer to the Synthetix Docs.
22 New Perpetual Futures Markets
These 22 new markets will significantly increase the number of cryptocurrencies supported for leverage trading through Synthetix Perpetual Futures. Prices will be set by the decentralized off-chain Pyth Network oracle, and fees may vary depending on the asset.
The latest configurable values, including fees, open interest, and more, can be found in SCCP-277. These are configurable governance value and can be changed at any time. Below is a short summary of the current (Feb 9th, 2023) fees and open interest limits:
Listing New Synths
The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. All markets must be approved by Synthetix Governance through a SIP and a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion.