🎯 Competition Wallets Revealed

🎯 Million Dollar List

By Synthetix
Oct 20, 2025, 3:55 PM
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Synthetix Trading Competition eligibility list is now live with 100 confirmed participants competing for a $1M top prize.​

Key Details:

Competition Structure:

  • 50 invite-only spots for top crypto traders
  • 35 spots for pre-depositors (top 20 sUSD + top 10 sUSDe depositors)
  • 15 spots for Synthetix community members

This marks Synthetix's return to Ethereum Mainnet with the first native perp DEX, featuring gasless trading and private order data.​

Join the discussion:

Sources

Dropping a series of incredibly cryptic teasers for which CT legends & traders are now confirmed for the trading competition... *Beginning in 10 minutes* See if you can figure out which traders are locked in for the $1,000,000 top prize Synthetix Mainnet competition.

Synthetix ⚔️
Synthetix ⚔️
@synthetix

Should we start dropping some hints on which traders have confirmed their attendance in the Synthetix Mainnet trading competition?

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Want to know more about the Synthetix Mainnet trading competition? 🤔 @kaiynne breaks down the most important things you need to know about the new mission of bringing a performant perp DEX to Ethereum Mainnet 🎞️🔽

Synthetix ⚔️
Synthetix ⚔️
@synthetix

The Synthetix Mainnet trading competition will pit 100 top traders against each other for a $1M top prize... @kaiynne breaks down Synthetix's return to Ethereum Mainnet, why Synthetix is giving away $1,000,000 & drops plenty of alpha on the upcoming competition 👀 🧵🔽

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Read more about Synthetix

🥊 Round Two Begins

🥊 Round Two Begins

**Synthetix Mainnet Trading Competition Round 2** kicks off with a high-stakes rematch between prominent crypto traders @kaiynne and @crypto_bitlord7. The competition features: - **100 top crypto traders** competing head-to-head - **$1,000,000 top prize** up for grabs - **Leverage trading** on Synthetix's mainnet platform This marks the second face-off between these two well-known traders, building on the momentum from their previous competition. The event showcases Synthetix's synthetic asset trading capabilities while bringing together some of crypto Twitter's most recognized trading personalities. *Follow the competition to see who claims the million-dollar prize.*

Chinese CT Trader Joins $1M Synthetix Competition

**Synthetix reveals another competitor** for their upcoming mainnet trading competition with a **$1,000,000 top prize**. A prominent figure from the **Chinese crypto Twitter community** has secured one of the 100 spots in the high-stakes trading battle. The competition structure includes: - **50 invite-only spots** for top traders - **35 spots for pre-depositors** into sUSD/sUSDe vaults - **15 spots for Kwenta point holders** This follows previous announcements of a **semi-retired trading legend** turned pump.fun streamer also joining the competition. The event will **battle-test the first perp DEX on Ethereum**, with pre-deposit winners selected October 13th at 00:00 UTC. [Pre-deposit here](https://predeposit.synthetix.io/)

Synthetix Mainnet Multi-Collateral Margin Launch

**Synthetix Mainnet** is launching multi-collateral margin trading, allowing users to deposit portfolios of assets as collateral while keeping them productive. **Three supported collateral types:** - **sUSDe** - Ethena's yield-bearing synthetic USD stablecoin - **wstETH** - Lido's liquid staked ETH - **cbBTC** - Coinbase's Wrapped Bitcoin **Key benefits:** - Trade without selling underlying assets - Retain upside potential and yield generation - Improved capital efficiency - Lower capital gains implications The architecture supports any ERC-20 token with sufficient Ethereum liquidity, opening opportunities for partnerships with core Ethereum protocols and positioning Synthetix perps as a critical tool in the ETH ecosystem. Read more: [Multi-Collateral Margin Blog](https://blog.synthetix.io/multi-collateral-margin-on-synthetix-mainnet/)

Synthetix Liquidations Resume - 420 Pool Migration Update

Synthetix Liquidations Resume - 420 Pool Migration Update

Synthetix is re-enabling liquidations for existing stakers following the 420 Pool migration launch. Key updates: - Stakers with c-ratio below 160% are now at risk of liquidation - The 420 Pool offers complete debt forgiveness for migrators - Over 100m SNX already deposited in first day - New features include: * No liquidation risk * Protocol-managed sUSD liquidity * SNX-backed yield generation * Partnership with Ethena Labs for USDe minting Non-stakers will soon be able to participate with new incentives. A cross-chain Swap & Stake feature is coming to support deposits from multiple EVM chains. [Migrate to 420 Pool](https://420.synthetix.io/) [Read Documentation](https://docs.synthetix.io/welcome-to-synthetix-user-docs/snx-staking/deposit-snx-to-the-420-pool)