8 new Synthetix Perps Markets
Today we announce the addition of seven new perpetual futures markets available for leverage trading on Synthetix Perps.
The full list of new perpetual markets includes ETH/BTC, XMR, ETC, COMP, MAV, YFI, MKR, and RPL.
These markets were approved in SIPs 2009, 2023, 2024, 2025, 2026 and 2027, respectively and had initial configurable values set by SCCP-2029.
Trading Synthetix Perps
Synthetix Perps can be traded on front-ends that integrate with SNX liquidity and support perps trading: Kwenta, Polynomial, and dHEDGE.
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.
New Perpetual Futures Markets
The addition of these new markets expands the number of assets available for leverage trading through Synthetix Perps. 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-2029 .These are configurable governance values and can be changed at any time.
Market | Ofc Maker / Taker Fees | MaxMarket Value | Skew Scale | Liquidation Buffer Ratio | Liquidation Premium Multiplier |
ETH/BTC | 1/5 | 50,000,000 | 1,700,000,000 | 75 bp | 1.5625 |
ETC | 2/8 | 55,000 | 4,000,000 | 100 bp | 1.5625 |
COMP | 2/10 | 15,000 | 860,000 | 150 bp | 3 |
MKR | 2/10 | 750 | 60,000 | 150 bp | 3 |
XMR | 2/10 | 5,000 | 255,000 | 150 bp | 3 |
YFI | 2/10 | 75 | 2,500 | 150 bp | 3 |
MAV | 2/10 | 500,000 | 21,000,000 | 150 bp | 3 |
RPL | 2/15 | 3,000 | 17,500 | 150 bp | 3 |
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/or a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion.