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

v3

What is the Andromeda Release?

The Andromeda Release marks a significant advancement for Synthetix, featuring the deployment of Core V3 and Perps V3 simultaneously, the addition of new collateral in the form of USDC, and deployment on a new blockchain, Base. This release will propel Synthetix into a multi-chain protocol, leveraging the capabilities of the

SNXweave-Gov

SNXweave Weekly Recap 116

November 22, 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 * V3 core and Perps V3 are both on Base Goerli testnet! * Cross-chain election module audit

SNXweave-Gov

SNXweave Weekly Recap 115

November 15, 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 to deploy V3 on Base is close to a Goerli testnet deployment * SIP to

v3

Synthetix V3: Collateralized Debt Positions (CDPs)

Collateralized Debt Positions (CDPs) are a fundamental component of many DeFi protocols, including Synthetix. They allow users to deposit collateral and borrow against it, creating a system of over-collateralized loans.

SNXweave-Gov

SNXweave Weekly Recap 114

November 8, 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 * The SCCP for the Andromeda configuration is in draft — currently specifies no issuance and 125%

v3

Synthetix V3 Vaults: An Explainer

Vaults are a fundamental component of the Synthetix V3 ecosystem, serving as the primary entry point for liquidity providers.

v3

Synthetix V3 Markets: A Comprehensive Guide

Synthetix V3 brings a groundbreaking approach to creating onchain derivatives and financial products, with markets at its core. These markets draw from liquidity pools, fueled by liquidity providers (LPs) who delegate collateral and stablecoin liquidity.

SNXweave-Gov

SNXweave Weekly Recap 113

November 1, 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 * Deploy Synthetix V3 Core on Base: testing on Base Goerli is pending SCCP confirmation with

v3

Perps V3 Testnet Competition: A Wrap-Up & Rewards Breakdown

The Perps V3 Testnet Trading Competition on Base has drawn to a close. Over three weeks, we saw an incredible amount of trading activity, competitive spirit, and valuable user feedback that has helped improve Perps V3.

Synthetix Integrates Notifi for Real-Time Notifications

Synthetix is thrilled to announce its integration with Notifi, a leader in DeFi alerts, to bring real-time notifications to Synthetix users.