Synthetix

Synthetix Leveraged Tokens: A Simple Explainer

An exciting first step in a broader tokenized vaults offerings Like people of good taste everywhere, you have probably already heard about Synthetix’ refreshed strategic vision, and about one of its key pillars: graduating from being a B2B financial infrastructure protocol to also designing and curating a set of vaults

Synthetix Leveraged Token Rally

Simplified access to leverage on your favorite markets is getting an upgrade. Our Base V3 deployment of Synthetix Leveraged Tokens is set to go live next week on January 21st. To celebrate this milestone, we’re running a five-week rewards campaign with 150,000 USDC and 75,000 OP for

Synthetix Rewards sUSD Deposits in the Infinex App

Synthetix and Infinex are delivering big opportunities for sUSD holders. Starting January 16, 2025, sUSD yield farmers can earn rewards just for depositing sUSD on Infinex. SNX stakers and other sUSD holders can enjoy 6 weeks of rewards with a velvety smooth experience in the Infinex app. Here’s what

Synthetix Extends LP Rewards on Base

2025 is getting even more Based as Synthetix extends the Decembrrrr Base LP Incentives for an additional four weeks. Designed to incentivize deep liquidity for the busy perps trading season, liquidity providers can continue to earn boosted yields while traders enjoy reliable liquidity and seamless market access. LP Rewards Extended

Synthetix Sunsets Arbitrum Deployment as it Vertically Integrates on Base

Beginning today, Synthetix Perps on Arbitrum have been placed into close-only mode. This decision follows the sharp pivot in Synthetix’s product strategy to vertically integrate rather than existing solely as a platform. While this decision was not taken lightly, it is a necessary step to ensure we can deliver

Gasless 1-Click Trading Comes to Base

Synthetix Exchange is taking your trading to the next level with gasless 1-click trading. This powerful upgrade makes trading smooth and simple, all while covering your gas costs on Base. Building on the launch of Multicollateral Perps on Base, gasless 1-click trading eliminates the cost and hassle of transaction confirmations

Synthetix Exchange Launches with Multi-Collateral Perps on Base

The Synthetix Reboot is accelerating with the re-launch of Synthetix Exchange, the release of Multi-Collateral Perps on Base, a new website, and the upcoming launch of Synthetix Leveraged Tokens. Base Multi-Collateral Perps on the new Synthetix Exchange enables Perps traders to use a variety of new collateral types and maintain

Synthetix Perps Go Mobile with Mass

Synthetix Perps are now in your pocket with Mass, the mobile-first platform redefining onchain trading. Thanks to our friends at Mass, trading Synthetix-powered perpetual futures is now more convenient than ever—right from your mobile device, so you can take advantage of market opportunities anywhere, anytime. Rudy Kadoch, Founder of

Synthetix Acquires Ecosystem Leading Leveraged Token Platform TLX

Hot on the heels of acquiring Kwenta, Synthetix has made another major strategic acquisition, this time acquiring a leading leveraged token platform, TLX. The acquisition was a token-for-token transaction that was approved via SIP-412 and TIP-14. Adding leveraged tokens is the first step towards Synthetix building and offering a wide

Decembrrrrrr snaX-mas on Base

The holidays are getting Based at Synthetix with the Decembrrrr Base LP Incentives—a four-week program designed to incentivize deep liquidity for the busy perps trading season. Liquidity providers can earn boosted yields with weekly rewards, while traders enjoy plenty of fresh powder to carve up the markets. Improving the

Synthetix: Vaulting into 2025

Synthetix is proposing to acquire TLX, per SIP-412 and TIP-14, as an exciting first step towards producing native vaults that leverage the composability of Synthetix and give users frictionless access to high-quality structured products.  Synthetix, a leader in decentralized derivatives markets, is excited to announce the launch of a new

Synthetix Acquires Ecosystem Leading Perps Platform Kwenta

The first major strategic move since the recent referendum, Synthetix acquires their ecosystem leading Perps trading platform Kwenta in a token for token transaction after approval of SIP-411 by the Spartan Council and KIP-138 by the Kwenta Council. In the post-referendum era for Synthetix, we are reimagining what it means

Proposal to acquire Kwenta and relaunch Synthetix Exchange

Both the Spartan Council and the Kwenta Council have been presented with a proposal for Synthetix to acquire Kwenta in a token<>token transaction. The terms of the transaction are: * 1 $KWENTA <> 17 $SNX (~$13.2m valuation) * $SNX received from acquired token conversions are subject to

Synthetix Multi-Collateral Perps with 81 New Markets on Kwenta

With today’s launch of Synthetix Multi-Collateral Perps V3 on Kwenta, we’re kicking off a promotional incentive program for traders and liquidity providers.  Traders can now benefit from reduced taker fees for a two-week period, and liquidity providers will see increased APYs as the treasury allocates rewards from trading

Synthetix’s Bold Reboot: What SR-2 Means for the Future

It’s now Autumn in the northern hemisphere, but that’s not stopping us from bringing back the DeFi Summer vibes. The recently passed governance referendum: SR-2 A Synthetix Reboot, was approved with a staggering 104 million SNX tokens, achieving a near-unanimous consensus of 99.94% in what may be

Synthetix Chain by Chain

Synthetix has grown and evolved over the past six years—from humble beginnings as a pioneer of synthetic assets to becoming the premier choice for liquidity and derivatives infrastructure, powering over half a dozen platforms across leading blockchains. Our community, which is at the heart of everything we do, has

Synthetix V3 Migration

The migration from Synthetix V2x contracts to V3 continues to roll on today with the release for SCCP-2134 going live. Now all Synthetix stakers on Ethereum Mainnet can migrate to the V3 contracts. This release affects actions available to all stakers on Ethereum Mainnet so please read carefully.  Some notable

Synthetix Governance Epoch & An Introduction to SNAXchain

A new Synthetix Governance epoch is about to kick off and with it, the launch of the Synthetix app chain - SNAXchain - on Optimisms Superchain infrastructure. Before we get into the opportunity presented with launching a new chain, let's review how the election will work.  New Election

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Synthetix V3 Migration: Treasury Council Initiates Transition

The Treasury Council has begun migrating to V3, as detailed in SIP 304, marking the first phase of the Synthetix V3 transition. Staker migration to V3 is expected to open in 2-3 weeks. This update introduces significant changes to the ecosystem, particularly in how liquidations are handled.

Pyth Governance Distribution Phase 2 Now Live for Eligible Synthetix Users

We are thrilled to announce that Phase 2 of the Pyth Governance Distribution is now complete and ready for eligible participants to claim their tokens.

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Synthetix Launches Arbitrum Liquidity Incentive Program with 2M ARB Rewards

Synthetix is scaling up its Arbitrum deployment and providing details of its Arbitrum LTIP distribution plan. Approved by ARB governance, this 12-week program aims to attract liquidity providers, stablecoin liquidity, and Perps trading activity, distributing 2M $ARB until Sep 3rd.

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Synthetix V3 is live on Arbitrum

Synthetix V3 has launched on Arbitrum, with LTIP rewards available for liquidity providers. The phased deployment will enable Perps trading, introduce an Arbitrum-native stablecoin, and expand collateral options to solidify Synthetix's presence on the network.

Pyth Governance Distribution Now Live for Eligible Synthetix Users

The Pyth Governance Distribution is now open for eligible Synthetix users to claim their tokens and support the relationship between Synthetix and Pyth. Check your eligibility and learn how to claim your tokens to be part of the early days of Pyth governance.

Onchain Summer with Base

Synthetix is excited to participate as a sponsor of the finance and trading tracks of Base’s Onchain Summer Buildathon. With the successful launch and growth of Synthetix V3 on Base, we’ve seen the power of the Base ecosystem and its builders.  For the uninitiated, Synthetix V3 is a

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500k SNX Fee Rebates for Trading Perps V3 on Base

The Synthetix Treasury will allocate up to 500,000 SNX for fee rebates on perps markets. The goal of this program is to onboard new traders, generate fees, and attract new liquidity providers to support trading Synthetix Perps on Base.