Parameter Changes for Synthetix Loans

Following the adoption of SCCP-2081, Synthetix is set to increase interest rates and issuance fees on existing sUSD and sETH borrowing.

SNXweave-Gov

SNXweave Weekly Recap 125

February 14, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * Currently $150,000 in daily perps volume on Andromeda and $2 million of cumulative trading

SNXweave-Gov

SNXweave Weekly Recap 124

February 7, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * CCs are preparing the rewards distributor mechanism for STP-14’s USDC LP incentives * No major

perps

Pyth Retrospective Airdrop

Synthetix is a recipient of the Pyth Retrospective Airdrop. This, along with the initial airdrop to Synthetix Perps users, strengthens the partnership between Pyth and Synthetix.

SNXweave-Gov

SNXweave Weekly Recap 123

January 31, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * Key milestones from 2024 draft roadmap: 1. Scaling base volume to $20 million/day 2.

Simplifying SNX Staking with Debt and Escrow Migration to Optimism

Synthetix has implemented SIP-237, an upgrade that will simplify the staking experience by allowing users to migrate their staked SNX and sUSD debt to Optimism without burning existing sUSD debt.

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.

SNXweave-Gov

SNXweave Weekly Recap 122

January 24, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * Perps on Base brought in $500,000 in weekly volume in private beta and is

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.

SNXweave-Gov

SNXweave Weekly Recap 121

January 17, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * Election results * Synthetix Quarterly Report info * Andromeda is operating in private beta and is ready

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.

SNXweave-Gov

Synthetix Quarterly Report — Q4 2023

Quarterly Report for Synthetix, Quarter 4 of 2023: October — December. 👉Q4 Highlights ⭐ Spartan Council/CCs: Andromeda Release & Tokenomics ⭐ Grants Council: Watcher Page Improvements ⭐ Ambassador Council: OP Grants & Retroactive Public Goods Funding support We have a lot of big news to review for the final quarter of 2023 and

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.

SNXweave-Gov

SNXweave Weekly Recap 120

December 20, 2023 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * 🚨Spartan Council Election Panel TOMORROW Dec. 21st at 10pm UTC!! Event RSVP here * Andromeda: initial

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.

SNXweave-Gov

SNXweave Weekly Recap 119

December 13, 2023 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉 TLDR * Perps V3 audit is complete & is just pending its final report before the vote

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.

SNXweave-Gov

SNXweave Weekly Recap 118

December 6, 2023 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * Andromeda has been deployed to testnet with the latest version of Perps V3, and is

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.

perps

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.

SNXweave-Gov

SNXweave Weekly Recap 117

November 29, 2023 The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors, as well as the Grants Council and Ambassador Council from last week. 👉TLDR * SIP-337: Perps V3 presentation recap * SIP-348: Enable USDC for Andromeda on Base presentation recap * Explainer