SNXweave-Gov

SNXweave Weekly Recap 148

August 7, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Multicollateral margin: Expected to go live this week — first deployment will be to Arbitrum with zero caps. Caps will be raised when

SNXweave-Gov

SNXweave Weekly Recap 147

July 31, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Arbitrum Scaleup: USDe deposits in Synthetix V3 on Arbitrum are now live in the Ethena app. TC may update rewards numbers starting

v3

Synthetix V3 Migration: Treasury Council Initiates Transition

The Treasury Council has begun migrating to V3, as detailed in SIP 304, marking the first phase of the Synthetix V3 transition. Staker migration to V3 is expected to open in 2-3 weeks. This update introduces significant changes to the ecosystem, particularly in how liquidations are handled.

SNXweave-Gov

SNXweave Weekly Recap 146

July 24, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * L1 Migration to V3: Legacy markets were launched on L1 last week! The Treasury Council was the first account to migrate and

Boosting institutional fund activity on Synthetix

STP-5 initiated a BD working group with the goal of increasing activity by institutional funds in the Synthetix ecosystem. This summarizes the results of Phase 1 of the project. Research The project started off with a research phase, with the intention of discovering the blockers that may prevent professional funds

Pyth Governance Distribution Phase 2 Now Live for Eligible Synthetix Users

We are thrilled to announce that Phase 2 of the Pyth Governance Distribution is now complete and ready for eligible participants to claim their tokens.

SNXweave-Gov

Synthetix Quarterly Report — Q2 2024

Quarterly Report for Synthetix, Quarter 2 of 2024: April — June. 👉Q2 Highlights ⭐ Spartan Council/CCs: V3 Scaling & Arbitrum Deployment ⭐ Ambassador Council: OP Grants The past few months have been a period of dynamic growth and strategic expansion for Synthetix, underscored by the successful launch of Synthetix V3 on Base

SNXweave-Gov

SNXweave Weekly Recap 145

July 10, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Multi-collateral perps margin: On test net and in audit. CCs are working with integrators to iron out timelines and decide how it

SNXweave-Gov

SNXweave Weekly Recap 144

July 3, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Arbitrum rollout: Adding USDe as LP collateral, doubling LP incentives to 20,000 ARB/asset/week, and launching stablecoin incentives for USDx.

SNXweave-Gov

SNXweave Weekly Recap 143

June 26, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Arbitrum LP and incentives are live: see below for details regarding the Arbitrum LTIP distribution plan (12 week program, distributing 2 million

v3

Synthetix Launches Arbitrum Liquidity Incentive Program with 2M ARB Rewards

Synthetix is scaling up its Arbitrum deployment and providing details of its Arbitrum LTIP distribution plan. Approved by ARB governance, this 12-week program aims to attract liquidity providers, stablecoin liquidity, and Perps trading activity, distributing 2M $ARB until Sep 3rd.

SNXweave-Gov

SNXweave Weekly Recap 142

June 19, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Base update: Currently about $1.67 billion in cumulative volume, BTC & ETH OI caps remain at $15 million, and 71,000

v3

Synthetix V3 is live on Arbitrum

Synthetix V3 has launched on Arbitrum, with LTIP rewards available for liquidity providers. The phased deployment will enable Perps trading, introduce an Arbitrum-native stablecoin, and expand collateral options to solidify Synthetix's presence on the network.

SNXweave-Gov

SNXweave Weekly Recap 141

June 12, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Asynchronous delegation discussion: Cav is concerned that the implementation would add a lot of complexities to an already complex LP system. The

SNXweave-Gov

SNXweave Weekly Recap 140

June 5, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Base update: Currently ~$25 million in daily perps volume and $1.45 billion in cumulative volume. The BTC and ETH OI caps

SNXweave-Gov

SNXweave Weekly Recap 139

May 29, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Base update: Currently ~$40 million in daily perps volume, $1.25 billion in cumulative volume, $22 million in LP-backed collateral, and over

Pyth Governance Distribution Now Live for Eligible Synthetix Users

The Pyth Governance Distribution is now open for eligible Synthetix users to claim their tokens and support the relationship between Synthetix and Pyth. Check your eligibility and learn how to claim your tokens to be part of the early days of Pyth governance.

Onchain Summer with Base

Synthetix is excited to participate as a sponsor of the finance and trading tracks of Base’s Onchain Summer Buildathon. With the successful launch and growth of Synthetix V3 on Base, we’ve seen the power of the Base ecosystem and its builders.  For the uninitiated, Synthetix V3 is a

SNXweave-Gov

SNXweave Weekly Recap 138

May 22, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Spartan Council sUSD peg discussion: Gene pointed out that it has dropped as low as $0.97, Kaleb proposed a solution to

perps v3

500k SNX Fee Rebates for Trading Perps V3 on Base

The Synthetix Treasury will allocate up to 500,000 SNX for fee rebates on perps markets. The goal of this program is to onboard new traders, generate fees, and attract new liquidity providers to support trading Synthetix Perps on Base.

v3

Transitioning to Synthetix V3: Scaling sUSD & Migrating SNX

Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and decentralization of the Synthetix stablecoin, sUSD.

SNXweave-Gov

SNXweave Weekly Recap 137

May 15, 2024 The following post contains a recap of news, projects, and important updates from the Spartan Council, Core Contributors, and Ambassador Council from last week. 👉TLDR * Elections results * On-chain election system discussion: there will be two phases ⬇️ code is in audit for both * Phase 1: automatic assignment and

perps v3

USDC & SNX LP Incentives on Base

Synthetix is launching USDC and SNX incentive programs on Base to boost liquidity provider collateral, which is crucial for expanding Synthetix V3 and Synthetix Perps V3 open interest and supported markets.

SNXweave-Gov

SNXweave Weekly Recap 136

May 1, 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 * Elections: Voting is open now and will close May 5th, so get your votes in

perps v3

Synthetix Perps Launches 14 New Perpetual Futures Markets on Base

The newly added markets include Bittensor (TAO), Chainlink (LINK), GMX (GMX), Injective Protocol (INJ), Axelar (AXL), Sui (SUI), Etherfi (ETHFI), (TIA), Stacks (STX), Arkham (ARKM), Toncoin (TON), Pendle (PENDLE), Gala (GALA), Book of Meme (BOME).