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.
v3 Buyback and Burn & The Andromeda Release The Andromeda Release in Synthetix introduces Core V3, Perps V3, and USDC as collateral, expanding to Base for a multi-chain approach. A key new mechanism is the buyback and burn of SNX tokens, using fees from Perps on Base as per SIP-345.
v3 Perps V3 Features & Release Explainer Synthetix Perps V3 represents a significant upgrade for the world of onchain perpetual futures. Building on the successes and learnings of V2, this new version is designed to further enhance trading efficiency, usability, and resilience.
Synthetix Council Elections December 2023 It's almost time for the Synthetix community to elect new council members. Your participation as a community member and staker is crucial, as it directly influences Synthetix's direction. Positions in all councils - Spartan, Treasury, Ambassador, and Grants - are open for election.
Community Governance Call December 2023 The Synthetix community is invited to the community governance call on December 20th at 8 PM UTC. This call offers a vital opportunity to discuss the protocol's future, share insights, and deepen your understanding of upcoming updates and our ecosystem.
The End of Synthetix Token Inflation With the passage of SIP 2043 by governance and subsequent implementation, Synthetix has reached a pivotal moment, ending SNX token inflation. This significant shift impacts both token-holders and liquidity providers, marking a pivotal point for the protocol.
perps Synthetix Lists 9 New Perps Markets Synthetix is thrilled to announce the introduction of 9 new perpetual futures markets for leverage trading on Synthetix Perps. The newly added perpetual markets include TRB, TIA, IMX, MEME, FET, GRT, PYTH, ANKR, and BONK.
Synthetix Perps Price Impact Arbitrage Following our prior post on funding rate arbitrage in Synthetix Perps, the next potential strategy presents itself: Price Impact Arbitrage. This approach focuses on capitalizing the premium or discount introduced by the price impact function.
v3 What is the Andromeda Release? The Andromeda Release marks a significant advancement for Synthetix, featuring the deployment of Core V3 and Perps V3 simultaneously, the addition of new collateral in the form of USDC, and deployment on a new blockchain, Base. This release will propel Synthetix into a multi-chain protocol, leveraging the capabilities of the
v3 Synthetix V3: Collateralized Debt Positions (CDPs) Collateralized Debt Positions (CDPs) are a fundamental component of many DeFi protocols, including Synthetix. They allow users to deposit collateral and borrow against it, creating a system of over-collateralized loans.
v3 Synthetix V3 Vaults: An Explainer Vaults are a fundamental component of the Synthetix V3 ecosystem, serving as the primary entry point for liquidity providers.
v3 Synthetix V3 Markets: A Comprehensive Guide Synthetix V3 brings a groundbreaking approach to creating onchain derivatives and financial products, with markets at its core. These markets draw from liquidity pools, fueled by liquidity providers (LPs) who delegate collateral and stablecoin liquidity.
v3 Perps V3 Testnet Competition: A Wrap-Up & Rewards Breakdown The Perps V3 Testnet Trading Competition on Base has drawn to a close. Over three weeks, we saw an incredible amount of trading activity, competitive spirit, and valuable user feedback that has helped improve Perps V3.
Synthetix Integrates Notifi for Real-Time Notifications Synthetix is thrilled to announce its integration with Notifi, a leader in DeFi alerts, to bring real-time notifications to Synthetix users.
v3 Synthetix V3 Pools: A Comprehensive Guide In the Synthetix V3 ecosystem, pools play a crucial role in facilitating liquidity for various markets. They serve as a bridge between liquidity providers and markets, allowing the latter to access the necessary liquidity to back on-chain derivatives.
Synthetix V3 Loans: No interest. No fees. Not only is Synthetix V3 a groundbreaking revolution for derivative protocols but it's also set to be a dominant player in onchain borrowing, with zero interest or fees charged to borrowers. Users can deposit collateral to generate sUSD without interest or other fees.
A quick explainer on Synthetix V3 Synthetix stands at the cusp of creating a DeFi revolution with its upcoming V3 release. It'll help to usher in a period of mass innovation throughout the world of onchain derivatives and financial instruments.
The Perps V3 Testnet Trading Competition on Base is Live The Perps V3 Testnet Trading Competition has officially begun. It started on October 2nd, at 5 pm UTC, and will conclude on October 23rd at midnight UTC.
Synthetix Perps V3 Base Testnet Trading Competition We are thrilled to announce the Synthetix Perps V3 Trading Competition, beginning next week, October 2nd, on Base Testnet! For this event, we’ve partnered with two frontend integrators, Kwenta and Polynomial, to bring a testnet trading experience to our ecosystem.
Synthetix Perps lists stETH/ETH Synthetix is excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps.
perps Synthetix Perps lists ZRX & UMA Synthetix is happy to announce the addition of ZRX & UMA perpetual futures market available for leverage trading via Synthetix Perps.
