Synthetix Perps lists stETH/ETH

Synthetix is excited to announce the addition of stETH/ETH perpetual futures markets, now available for leverage trading via Synthetix Perps.

These markets were approved by governance in SIP 2031 and had initial configurable values set by SCCP-2044.

Trading Synthetix Perps

Synthetix Perps can be traded on front-ends that integrate with SNX liquidity and support perps trading. These include Kwenta, Polynomial, and dHEDGE.

The Synthetix DAO does not provide any trading front-ends 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 Markets

The addition of these new markets 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 SCCP-2044. These are configurable governance values and can be changed at any time. Refer to pricing and variables displayed in integrator frontends and the SCCP forum for updated information.

Listing New Markets

The process for adding new perps markets 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.