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New Synthetix Perps Market: ARB (Arbitrum)

New Synthetix Perps Market: ARB (Arbitrum)

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: Kwenta, Polynomial, Decentrex, and dHEDGE.

Please note that Synthetix DAO does not provide any trading front-ends directly and instead relies on third-party user-facing protocols to serve traders. For more information on integrating with Synthetix Perps, please refer to the Synthetix Docs.

New Perpetual Futures Market: ARB

The addition of the ARB market expands the number of assets available for leverage trading through Synthetix Perps. Prices will be set by the decentralized off-chain Pyth Network oracle, and fees may vary depending on the asset.

The latest configurable values, including fees, open interest, and more, can be found in the SIP approving the new asset, SIP 2010. These are configurable governance values and can be changed at any time.

Token Taker Fee (Offchain Delayed) Maker Fee (Offchain Delayed) Max Market Value (in token)
ARB 12bps 4bps 1,500,000

Listing New Synths

The process for adding new Synths to Synthetix is based on demand, liquidity, and volatility. All markets must be approved by Synthetix Governance through a SIP and/or a subsequent SCCP to configure variables. Additionally, data feeds from Pyth and Chainlink are necessary for any proposed assets to be considered for inclusion.