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Synthetix Teams: A New Way To Win Together

Tom Mitchelhill

• 3 min read
Synthetix Teams: A New Way To Win Together

Join the team of your favorite trader for a chance to win a share in 500k SNX and exclusive trader perks.

In Season 2 of the Synthetix Mainnet trading competition, Synthetix is introducing a new way for traders to win together.

Introducing Synthetix Teams: your chance to rally behind your favorite trader, compete for your share of a 500,000 SNX prize pool, win an entry into Season 2 of the Synthetix Mainnet trading competition, and unlock exclusive perks like early access and premium fee benefits.

Here's how it works.

What are Synthetix Teams?

We've handpicked an incredible roster of top traders and equipped them with unique codes to build powerhouse teams. Your Team Leaders will be trading hard on Synthetix for 14 days, showcasing their trading skills in Season 2.

But here's the twist: it's not just about the Team Leaders; it's about you, their team.

By joining a team, you're not only supporting your favorite trader but also positioning yourself to share in the rewards if they emerge victorious. Encourage your friends, followers, and fellow trading enthusiasts to jump in – the bigger the team, the better the competition.

How It Works

  1. Choose Your Leader Wisely: Scout out the traders who've been given team codes. Keep an eye on X for Synthetix share cards or visit the Synthetix Team Deposit Page. Pick the one whose trading strategy or market commentary aligns with yours — maybe it's their sharp PNL track record, innovative leverage plays, bullish/bearish tilt, or their confluence with your favorite assets.
  2. Join a Team and Deposit: Use your favourite trader's team code to sign up on the Synthetix Teams page.
    1. Deposit USDT: the more USDT you deposit and the longer you hold, the bigger your slice of the pie. Deposits are prorated by size and duration, so $1 locked for 7 days equals the weight of $7 for just 1 day.
    2. Note: Deposits are locked until the competition ends to ensure fair play. Your deposit automatically becomes margin on Synthetix Exchange following our public launch.
    3. Season 2 Bonus Draw: Every day, the top 10 team depositors + 10 random team members will receive an entry into Season 2 of the Synthetix Mainnet trading competition.
  3. Watch the Competition Unfold: Watch your team leader wage war against the other team leaders. The winner will be the one with the most margin at the conclusion of the competition.
  4. Claim Your Rewards: If your team leader wins, a 500k SNX prize pool is distributed to team members, prorated based on your deposit weight.
    1. To claim your share, you will need to trade three times the amount of your final deposit amount in trading volume on the exchange within the first three months post-competition. Not too difficult for an active trader!
Select your team member and deposit USDT for a shot at sharing in a 500,000 SNX prize pool.

Why Join a Team?

This isn't just another contest; it's a way to win alongside your favorite trader and support a new community during the first stage of Synthetix’s return to Ethereum Mainnet.

Here's why picking a team leader and rallying your squad is a no-brainer:

  • Share in the Glory (and the SNX): Back the right leader, and you could walk away with a prorated slice of 500k SNX.
  • Exclusive Early Access: Winning team members jump the queue for access to Synthetix Perps on Ethereum Mainnet. Be among the elite to trade on Ethereum’s canonical Perp DEX before the masses flood in.
  • Premium Fee Perks: Enjoy top-tier trading fees (the lowest rates available) for the first 3 months of trading. That's more profits in your pocket on every trade!
  • Support Your Favorites and Build Connections: Team up with like-minded traders, learn from your leader's strategies, and grow your network. Teams will evolve once the exchange is live to include even more online and IRL perks.

It's Time to Join a Team

The codes are out, the teams are forming - don't miss your chance to support your favorite trader!

Head to our Synthetix Perps Exchange dashboard, grab a team code from your chosen leader, and lock in your deposit today.

Which team will you join? Tag your leader and get to trading!

Join the Community

Follow Synthetix as we speedrun to mainnet.

Join the conversation: discord.gg/synthetix 

Subscribe to Telegram: t.me/+v80TVt0BJN80Y2Yx 

Follow on X: x.com/synthetix

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