Additional perpetual futures markets - The Nunki Release
Later today, additional perpetual futures markets will become tradable. Here is what will be included in the release later today:
SIP-185: Additional perpetual futures markets: SOL, AVAX, MATIC, AAVE, UNI, EUR, GOLD, SILVER.
Are you interested in trading Synthetix Futures? Go to any Synthetix powered trading frontend such as Kwenta.
Crypto Perpetual Futures
SOL, AVAX, MATIC, UNI, and AAVE markets will join our growing list of supported cryptocurrencies, available for leverage trading through Synthetix Perpetual Futures
These assets have been available for spot trading for a few months now, and we’re excited to allow traders access to leveraged perpetual futures in these markets.
Commodities and Forex Perpetual Futures
GOLD, SILVER, and EUR will be our first set of supported commodities and forex markets available for leverage trading through Synthetix Perpetual Futures.
There is nowhere else in DeFi where you can trade Gold and Silver futures fully on-chain. We’re beyond excited to be the first to support these exotic markets.
An automated keeper was developed to automatically open and close GOLD, SILVER, and EUR markets when real-world markets open and close. Due to this development, there will be no manual intervention needed from Synthetix engineers to open and close these markets.
Gold Silver and EUR trading are available 23 hours a day from 6 pm ET Sunday through 5 pm ET Friday. Trading is closed from 5 pm to 6 pm ET daily. Spot gold and silver trading also follow CME holiday closures.
Initial Open Interest Caps and Fees
All of the markets in this release (SOL, AVAX, MATIC, AAVE, UNI, EUR, GOLD, SILVER) have fees of 100bps (or 1%) and open interest caps of $1M.
Fees and open interest caps can be adjusted by governance action. We hope to quickly reduce trading fees and increase open interest caps as soon as possible.
Are you interested in trading Synthetix Perpetual Futures?
There are a few steps to get started:
- Bridge assets to Optimism and then convert to sUSD (https://gateway.optimism.io/)
- Find a Synthetix Futures trading frontend → https://v2.beta.kwenta.io
- Deposit sUSD margin onto the protocol
- Begin trading!
Any Questions?
This release is called Nunki, which like all releases, is named after a star (in order of visual magnitude). If you've got any comments or questions about the release, please join the conversation on Discord.