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

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

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

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 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

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

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

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.

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

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

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

The newest trading platform powered by Synthetix – Parifi launches today, boasting features designed to compete with modern centralized exchanges. Parifi makes decentralized derivatives trading more accessible to users with account, chain, and gas abstraction, as well as upcoming mobile app for Android and iOS.  “With Synthetix’s modular V3 architecture,