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.
v3 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.
v3 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
perps v3 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.
v3 Transitioning to Synthetix V3: Scaling sUSD & Migrating SNX Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and decentralization of the Synthetix stablecoin, sUSD.
perps v3 USDC & SNX LP Incentives on Base Synthetix is launching USDC and SNX incentive programs on Base to boost liquidity provider collateral, which is crucial for expanding Synthetix V3 and Synthetix Perps V3 open interest and supported markets.
perps v3 Synthetix Perps Launches 14 New Perpetual Futures Markets on Base The newly added markets include Bittensor (TAO), Chainlink (LINK), GMX (GMX), Injective Protocol (INJ), Axelar (AXL), Sui (SUI), Etherfi (ETHFI), (TIA), Stacks (STX), Arkham (ARKM), Toncoin (TON), Pendle (PENDLE), Gala (GALA), Book of Meme (BOME).
Community Governance Call April 2024 The Synthetix community is invited to the community governance call on April 24th at 9 PM UTC. This call offers a vital opportunity to discuss the protocol's future, share insights, and learn more about upcoming updates.
Synthetix Council Elections April 2024 Synthetix Governance elections will begin tomorrow, April 18th. Your participation as a community member and staker is crucial, as it directly influences Synthetix's direction. Seats on the Spartan, Treasury, and Ambassador councils are open for election beginning tomorrow.
perps v3 Synthetix Perps Launches 12 New Perpetual Futures Markets on Base Synthetix is excited to announce the launch of twelve new perpetual futures markets on Base. The newly added markets include Optimism (OP), Ethena (ENA), Avalanche (AVAX), BNB (BNB), Thorchain (Rune), Polygon (Matic), Arbitrum (ARB), Bonk (BONK), Doge (DOGE), Fantom (FTM), Pepe (PEPE), Ordi (ORDI).
ETH Mainnet Legacy Spot Synth Migration As outlined in SIP-2059, Synthetix is deprecating the exchange of non-USD spot synths on Ethereum Mainnet (L1) and preparing to migrate users to the V3 system. This update requires action from users holding sETH, sBTC, or other spot synths besides sUSD
perps v3 New Synthetix Perps Markets on Base: SNX, SOL, WIF, and W Synthetix Perps has launched four new perpetual futures markets exclusively on Base: Synthetix (SNX), Solana (SOL), dogwifhat (WIF), and Wormhole (W).
perps v3 Synthetix V3 is live on Base Synthetix V3 is now live on Base. Users can deposit USDC to earn trading rewards and USDC/SNX LP incentives. Additionally, traders can begin trading Synthetix Perps.
Pyth Governance Distribution Following up on our prior blog post about the Pyth Governance Distribution, we are now providing the steps for users to participate.
perps New Synthetix Perps Markets: PENDLE, JUP, CVX, and STRK Synthetix is thrilled to introduce four new perpetual futures markets for leverage trading on Synthetix Perps. The newly added perpetual markets include Starknet (STRK), Convex Finance (CVX), Pendle (Pendle) and Jupiter (JUP).
Parameter Changes for Synthetix Loans Following the adoption of SCCP-2081, Synthetix is set to increase interest rates and issuance fees on existing sUSD and sETH borrowing.
perps Pyth Retrospective Airdrop Synthetix is a recipient of the Pyth Retrospective Airdrop. This, along with the initial airdrop to Synthetix Perps users, strengthens the partnership between Pyth and Synthetix.
Simplifying SNX Staking with Debt and Escrow Migration to Optimism Synthetix has implemented SIP-237, an upgrade that will simplify the staking experience by allowing users to migrate their staked SNX and sUSD debt to Optimism without burning existing sUSD debt.
Scaling Andromeda The journey to Andromeda is marked by progressive ramp-up periods. Andromeda is live, actively onboarding traders, developers, and integrators with low open interest and liquidity provider caps. Over time, OI/LP caps will be increased and perps markets will be released alongside new features.
perps New Synthetix Perps Markets: JTO & ORDI Synthetix is thrilled to introduce two new perpetual futures markets for leverage trading on Synthetix Perps. The newly added perpetual markets include JTO and ORDI.
Basics of Staking SNX in 2024 Staking SNX tokens plays a pivotal role in supporting Synthetix's liquidity layer. This is vital for supplying liquidity to on-chain derivative traders engaged in products like Synthetix Perps, spot, and options markets.
The Differences Between Synthetix V2x and V3 Synthetix has evolved significantly with its transition from V2x to V3. This blog post will explore the fundamental differences between these two versions, highlighting how Synthetix V3 is set to revolutionize onchain derivatives with a liquidity layer.
v3 The SNX Base Bridge SNX is now supported by the Base Bridge, allowing SNX tokens to be bridged from Ethereum to Base. This will help to support the upcoming Andromeda Release and Buyback and burn mechanism.
