Synthetix

Synthetix V3 update by CC Noah

With the holiday season upon us, chaos ripping through the crypto industry, and Synthetix V3 entering audit, I thought it might be beneficial to summarize my perspective on where Synthetix is right now and where it could be going. Everything included here is my personal opinion. I don’t represent

The Suhail Release - Direct Integrations

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

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Perps V2 summary and updates

The beta release of Synthetix Perps V1 has been a success; it has generated upwards of $5.2b+ in trading volume and $18.1m in exchange fees since its March 2022 release. All of these trades have originated on Kwenta, which is a frontend for Synthetix Perps. It’s important

The Aspidiske Release - Liquidation of SNX Escrow

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'

Sep 27/28: Synthetix Community Governance Call

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

New Synthetix Perp Futures Market: sOP

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.

Synthetix Elections - Nominations start Sep 10th

💡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!

New Synthetix Perp Futures Market: sXMR

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

New Synthetix Perp Futures Markets: BNB, DOGE, and DEBT-Ratio

Synthetix is excited to launch three markets to join its growing list of supported assets available for leverage trading through Synthetix Perp Futures on Kwenta. New Markets - BNB, DOGE, DEBT RATIO BNB and DOGE Perpetual markets will join the growing list of supported cryptocurrencies available for leverage trading through

Synthetix and the Merge

In preparation for the Ethereum merge event, expected to take place on 15-September, SIP 271 was approved which suspends all Synthetix contracts on both Ethereum and Optimism, when Total Terminal Difficulty (TTD) crosses 58740000000000000000000, around 3 hours prior to the expected merge block and resume activities after ensuring that Chainlink

The Tiaki Release - Improved Atomic Swaps

The Tiaki is currently ongoing and will be done within the next few hours; the following SIPs will be implemented: * SIP-258: Trade Directionality In Pricing of Atomic Swaps: Improves pricing of Atomic Swaps by integrating directionality into trading What are Atomic Swaps? (aka: Cross Asset Swaps) Atomic Swaps are a

Synthetix Integrates Socket for Easy Bridging

Synthetix is excited to work with Socket Tech / Bungee to allow users to quickly bridge assets to and from Optimistic Ethereum. Not only does this allow users to utilize the sUSD bridge to/from Optimism, but it also allows Synthetix to onboard users more efficiently across all of DeFi. Bridging

Synthetix 2022 Release Milestones - Halfway Review and Deep Dive

We've reached the year's halfway point, so it's a good time to revisit key milestones for 2022. It's been an exciting six months thus far with several highly anticipated features hitting mainnet and driving $100-200m in daily trading volume through the Synthetix

Jun 29/30: Synthetix Community Governance Call

The next Synthetix community governance call is scheduled for June 29th at 8pm UTC (6/29 afternoon/evening for western hemisphere; 6/30 morning for eastern hemisphere), and we’d love for you to join us! We'll be holding this event on our Discord, RSVP at https://discord.

The Algol Release

Today, June 23rd at ~ 7:00 UTC, the Algol release will begin. Here's what’s included in this release: * SIP-251: Differentiate Liquidation Penalties: Adds a new system setting for SNX staker liquidations Differentiate Liquidation Penalties SIP 251 sets liquidation penalties that are applied to both staking and loans.

staking-guide

Automated SNX Rewards - Live on Optimism (from Gelato)

We've recently partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism. As of right now, the integration enables stakers to claim their weekly rewards once their C-Ratio is above the target C-Ratio (as of right now, this is 350%) The functionality to

Nominations are now open for Synthetix Councils & V3GM Election Module

Nominations for the next epoch's Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) are now open! The epoch lasts for 3 months, from July 1st to Octeober 1st. All elected council members will receive a monthly stipend from the Synthetix Treasury of 2,000 SNX per month. Nominations

The Saiph Release

Later today, June 9th at ~5:00-6:00pm UTC, the Saiph release will begin. Here's what’s included in this release: * SIP-235: Update Issuer Modifier: Increases security for future Synthetix deployments for the onlyTrustedMinters modifier in Issuer * SIP-238: Only allow token transfers via proxies: Allow users to interact

dHEDGE Debt Mirror Index Token - Live on Optimism

Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on Optimism. Initially, this tool was launched onto mainnet, but it is now live on Optimism. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE & Toros

Atomic Swaps - Synthetix's Mainnet Usecase

Fee Reclamation - A Quick Refresher Whenever a trade occurs on Synthetix on mainnet, there is a waiting period (10 mins). During this waiting period, users cannot exchange, transfer, or burn the Synth they have just traded into. This waiting period gives the oracles enough time to check the difference

The Kochab Release

Later today, ~June 2nd at 5pm UTC, the Kochab release will begin. Here's what's included in this release: * SIP-246 [https://sips.synthetix.io/sips/sip-246/]: Upgrade Collateral Shorts: Reenables shorting utilized by Synthetix partners. Fixes recently discovered accounting bugs in the contract, adds an owner function,

Synthetix Steps into the Ring - First Athletic Sponsorship

Synthetix is stepping into the ring with its newest Spartan, Linn Sandstrom, an Australian female boxer with a story of her own to tell. We’re sponsoring @SandstromBoxer [https://twitter.com/sandstromboxer], in her fight for the WBC Australasia Title. Linn wasn’t always a Boxer. She started her athletic

The Mirarch release - Atomic Exchange, Fee Changes, New Markets, sUSD Bridge

Later today (5pm UTC, Tuesday, May 10th), the Mirarch release will begin. It will take approximately 3-4 hours to be completed. The bridge to deposit/withdraw SNX on/off Optimism will be paused during this release. Here's what’s included in this release: * SIP-198 [https://sips.synthetix.io/

Futures Funding Rate Arbitrage Guide

💡The guide below has been provided for research purposes only. It is not an endorsement of the strategies presented. Please do your own research. All funding rates may be outdated and were calculated on May 6th, 2022. What is Futures Funding Rate Arbitrage Futures funding rate arbitrage is when you

Synthetix & Lyra Incentivize sUSD liquidity on Optimism

💡This blog post has been updated recently (5/1/22) - Synthetix and Lyra are now incentivizing vlCVX (Convex Finance) voters through Votium Protocol instead of veCRV. Please read carefully.The time has finally come. Synthetix and Lyra have begun incentivizing liquidity for sUSD on Optimism. Synthetix has begun incentivizing