Synthetix Perps, a decentralized perps protocol, relies on several mechanisms to maintain market stability and protect liquidity providers from imbalanced markets. One such crucial mechanism is the Price Impact function, which helps Synthetix Perps simulate the behavior of traditional order books and encourages neutral markets. In this blog post, we

An essential aspect of the Synthetix Perps ecosystem is the dynamic funding rate, which aims to maintain delta neutrality in markets by integrating velocity and time into funding rate calculations. This novel approach brings a fresh perspective to risk management and funding rate computations. In this blog post, we will

Synthetix is excited to announce the decentralization of frontends within the Synthetix Ecosystem by introducing the Synthetix IPFS Node. This will enable users to access fully decentralized and resilient frontends, like Synthetix Staking V2 and Kwenta, without having to rely on centralized hosting services, providing a more secure and seamless

The next Synthetix community governance call is scheduled for April 26th at 9PM UTC (04/26 afternoon/evening for western hemisphere; 04/27 morning for eastern hemisphere). Interested in learning more about Synthetix and its plans for the future? Make sure to RSVP to the call to hear from SNX

Nominations for the Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) of the next epoch will open on Monday of next week, April 17th. The epoch will last for four months, starting from April 30th. The voting period will begin on April 21st and end on April 30th. All elected

Today, April 5th, the Caph release will begin. There will be no downtime during the release. The release includes two SIPs aimed at improving the integration experience for Synthetix Perps frontends and trading experience for end users and incorporating slippage guards on liquidation transactions. * SIP-2004: Better DelayedOrder Integration/Trading Experience.

Synthetix is thrilled to announce the addition of ARB as the latest asset for leverage trading on Synthetix Perps. This exciting new perpetual futures market has been approved by SIP 2010. Trading Synthetix Perps Synthetix Perps can be traded on front-ends that integrate with SNX liquidity and support perps trading:

Synthetix V3 represents a significant milestone for the protocol as it undergoes a complete overhaul to become a permissionless derivatives liquidity platform for the next generation of on-chain financial products. In this blog post, we will take a closer look at what Synthetix V3 is and how it differs from

Wednesday, February 15th, the Schedar release will begin. There will be no downtime during the release. The release includes: * SIP-255: Burning of fees instead of distribution - Fees will no longer be distributed to users but will be burned weekly to decrease staker debt. As a result of this release,

Synthetix is excited to announce the addition of 22 new perpetual futures markets to join its growing list of supported assets for leverage trading through Synthetix Perp Futures. The full list of new perpetual markets includes BTC, LINK, SOL, AVAX, AAVE, UNI, MATIC, XAU, XAG, EUR/USD, APE, DYDX, BNB,

Today, February 6th, the Eltanin release will begin. There will be no downtime during the release. The release includes: * SIP-295: Addition of Perps V1 markets to Synthetix Perps V2 * SIP-2000: Addition of ATOM, AXS, FLOW, FTM, NEAR, AUD/USD, and GBP/USD to Perps V2 Two new SIPs have been

Today, Feb 1st, the Sadr release will begin. There will be no downtime for this release. Here's what's included: * SIP-293 - Deprecate Low Volume Synths - sAAVE, sLINK, sDOT, sADA, sMATIC, sUNI, sAVAX, sSOL The following synths have been deprecated due to the low volume generated

Synthetix is excited to announce that Synthetix is officially a tBTC v2 Minter and is supporting the launch of Threshold Network’s tBTC v2, the industry’s only decentralized and scalable Bitcoin-to-Ethereum bridge. tBTC is launching with a security model called optimistic minting that consists of two main roles: Minters

Today, Jan 30th, the Mintaka release will begin. There will be no downtime for this release. Here's what's included: * SIP-297: Perps V2 - Fixes - Bug fixes for Perps V2 calculations, parameters, etc. During the alpha release of Synthetix Perps V2, bugs were discovered that caused

Synthetix is excited to announce that Synthetix Perps V2 is now live – the future of on-chain perps is here! With its advanced improvements, Perps V2 will revolutionize the on-chain trading experience by significantly reducing fees, improving scalability, capital efficiency, and, most importantly, trader satisfaction. Introducing the first-of-its-kind off-chain oracle system,

The next Synthetix community governance call is scheduled for December 22nd at 9PM UTC (12/22 afternoon/evening for western hemisphere; 12/23 morning for eastern hemisphere). Interested in learning more about Synthetix and its plans for the future? Make sure to RSVP to the call to hear from SNX

Nominations for the next epoch's Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) will open later this week, Dec 17th! The epoch lasts 4 months, from Jan 1st (extended from 3 months after SIP 287). Voting then starts on Dec 21st and ends on Dec 31st. All elected

Today, Nov 30th, the Alphecca release will begin. There will be no downtime for this release. Here's what's included: * SIP-299: Minor upgrades to V2X to support V3 Migration - Grant a few special permissions to the LegacyMarketcontract, the facilitator of the migration of collateral and debt

Today, Nov 3rd, the Suhail release will begin. Here's what's included in this release: * SIP 267: Direct Integration - Implement a direct integration contract that allows approved integrators to tap into exchange functionalities with customized parameters The direct integration contract allows the Synthetix protocol to create

Today, Oct 20th, the Aspidiske release will begin. Here's what's included in this release: * SIP-252: Liquidation of SNX Escrow: Allows SNX entries to be liquidated in case of force liquidation Motivation for Change In the initial release of the new liquidation mechanism escrow entries couldn'

The next Synthetix community governance call is scheduled for Tuesday Sep 27th at 8pm UTC (9/27 afternoon/evening for western hemisphere; 9/28 morning for eastern hemisphere), and we’d love for you to join us! We'll be holding this event on our Discord, RSVP now at

Synthetix is excited to add Optimism Perpetual markets to join its growing list of supported assets available for leverage trading through Synthetix Perp Futures on Kwenta. New Markets - sOP The Optimism Perpetual market will join the growing list of supported cryptocurrencies available for leverage trading through Synthetix Perpetual Futures.

💡Updated 9/26/22 to reflect the removal of the nomination period with the passage of SIP 278. Nominations are now possible during the voting period. Nominations for the next epoch's Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) will open later, Sep 10th at 0:00 UTC!

XMR Perpetual market will join the growing list of supported cryptocurrencies available for leverage trading through Synthetix Perpetual Futures.