EIP-4844 Goes Live on Optimism, Drastically Reducing Gas Costs for Synthetix Perpetuals
EIP-4844 Goes Live on Optimism, Drastically Reducing Gas Costs for Synthetix Perpetuals
🚀 Gas Fees Slashed!
EIP-4844 has been successfully implemented on the Optimism network, resulting in a significant reduction in gas costs for Synthetix Perpetuals transactions. The gas fees for these transactions have dropped from around $3 to just $0.14, a remarkable decrease. This development is expected to facilitate the onboarding of new users to the Ethereum ecosystem and contribute to its scalability. However, it appears that some users may need to adjust their bots to account for the correct gas fee of $0.0069, which will dynamically adjust based on blob pricing changes. The Synthetix community is celebrating this milestone, as trading Synthetix Perpetuals on Optimism and other networks is now much more affordable, with transactions costing around $0.06 instead of $1.5.
EIP-4844 is now live on @Optimism, slashing Synthetix Perps gas costs from $3 to just 0.14 cents! Congrats to everyone who made this happen. This is how we'll onboard the next wave of users onchain and scale Ethereum!
Trading Synthetix Perps on @Optimism & @base is about to become way more affordable with EIP-4844. Check out this user who paid $1.5 for a perps transaction – soon it'll cost just ~6 cents! Try inputting one of your trade transactions to see the savings! welovetheblobs.xyz
It looks like this Perps Keeper transaction overpaid. Users need to adjust their bots. The correct gas fee is $0.0069, which will dynamically adjust as blob pricing changes. Less than 1 cent to trade perps onchain.
EIP-4844 is now live on @Optimism, slashing Synthetix Perps gas costs from $3 to just 0.14 cents! Congrats to everyone who made this happen. This is how we'll onboard the next wave of users onchain and scale Ethereum!
Parifi Launches on Synthetix V3 with Cross-Chain Trading Features
Parifi, a new DeFi protocol built on Synthetix V3, has launched with features rivaling centralized exchanges. The platform offers: - Unlimited isolated positions - Cross-margin trading capabilities - Native USD/EUR on/off-ramping - Chain abstraction for cross-blockchain asset unification - Low latency trading experience Mobile apps for iOS and Android are in development. The platform aims to reduce friction in DeFi trading through account, chain, and gas abstraction features. Trading is now live at [app.parifi.org](http://app.parifi.org). Trading incentives will be announced soon.
Parifi Launches on Synthetix V3 with CEX-Like DeFi Trading Experience
Parifi has launched on Synthetix V3, introducing a CEX-like DeFi derivatives trading platform with significant user experience improvements: - Account abstraction removes wallet requirements - Cross-chain functionality unifies assets with minimal latency - Supports unlimited isolated positions and cross-margin trading - Native USD/EUR on/off-ramping - Powered by Pyth price feeds for accurate asset pricing - Features auto-compounding vaults and dynamic fee adjustment The platform aims to simplify perpetuals trading while maintaining decentralization. Trading incentives are expected to launch soon. Visit [app.parifi.org](http://app.parifi.org) to start trading.
Increased Incentives for sUSD/sUSDe Curve Pool
The sUSD/sUSDe Curve pool has increased its incentives, now offering a vAPR of 39.71% with a 2.19x boost through Convex Finance - no veCRV required. Key steps to participate: - Acquire sUSD or sUSDe on Ethereum L1 - Deposit into Curve pool to receive LP tokens - Stake LP tokens on Convex for boosted rewards **Current Benefits:** - Earn CRV + CVX rewards - 2.19x boost - No veCRV requirement *Note: Always research DeFi risks before providing liquidity.* [Full LP Guide](https://blog.synthetix.io/how-to-lp-and-earn-with-susd-susde/)
Synthetix Quarterly Report Released by SNX Weave
A new comprehensive quarterly report for Synthetix has been released by @snx_weave, providing an in-depth analysis of the protocol's performance and developments. The report serves as an essential resource for: - Community members seeking updates - New users needing protocol overview - Stakeholders requiring performance metrics This follows the previous quarter's report by @0xSpartans, maintaining consistent protocol transparency and community engagement. *For detailed insights into Synthetix's synthetic assets and derivatives performance, review the full report.*
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)