Mystery Trader Joins $1M Competition
Synthetix continues teasing participants for their Mainnet trading competition with cryptic clues. The latest hint references someone from the "inverse of summerloud" - likely meaning "winterquiet" or a similar wordplay.
Competition Details:
- 100 traders competing for $1,000,000 top prize
- 35 spots reserved for pre-depositors
- Top 20 sUSD depositors get automatic entry
- Top 10 sUSDe depositors qualify
- 5 additional lottery winners
Entry Requirements:
- Must maintain deposits throughout competition
- Pre-deposit at predeposit.synthetix.io
- Winners selected October 13th at 00:00 UTC
The competition will test Synthetix's new Ethereum Mainnet perp DEX, featuring private trading data and gasless transactions. Major crypto Twitter personalities are already confirmed participants.
Ready to compete with the best traders for life-changing money?
Private Perps: The End of Target Practice. The future of onchain perps trading is private, gasless & hyper-efficient. Here's how Synthetix Mainnet is leading the way. 📘 blog.synthetix.io/private-perps-… 🧵⬇️
Reminder: 35 pre-depositors will be getting a spot in the Synthetix Mainnet trading competition The top 20 sUSD depositors and top 10 sUSDe depositors will battle it out against some of the biggest traders on CT and go in the running for a $1M top prize predeposit.synthetix.io
Everyone's favourite semi-retired trader turned pump streamer @gainzy222 is officially locked in for the Synthetix Mainnet trading competition. 🔹$1,000,000 top prize 🔹99 other top traders 🔹Action begins Oct. 20 We look forward to seeing him in the order book.
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.
Should we start dropping some hints on which traders have confirmed their attendance in the Synthetix Mainnet trading competition?
If Synthetix Mainnet captures 10% of total crypto derivatives volume, it would generate: 🔹Up to $500 billion in monthly volume on Ethereum Mainnet 🔹Increased fees for validators and protocols 🔹L2 to L1 liquidity flywheel Success creates momentum 📘⬇️blog.synthetix.io/ethereum-needs…
Gut said it was a good idea to get this trader locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize Guess who
Privacy should be the default for trading - especially when it comes to perps Synthetix Mainnet will keep every trader's account-level data private ⬇️ 📘blog.synthetix.io/private-perps-…
Gut says letting this guy into the comp was a great idea We are pleased to announce that @blknoiz06 is officially locked in for the Synthetix Mainnet trading competition 🔒 Ansem will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize.
The Rebirth Of Ethereum Derivatives While everyone has been fighting over which L2 or alt-L1 has the lowest fees and highest TPS, a derivatives revolution has been underway on the Ethereum Mainnet. That revolution starts with Synthetix. 📘 blog.synthetix.io/the-rebirth-of… 🧵⬇️
The undisputed, pound-for-pound champ of bullposting is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize Guess who
Quack quack. A very special feathered friend is locked in for the Synthetix Mainnet trading competition. They will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize. Guess who
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 👀 🧵🔽
The Missing Foundation: Ethereum Mainnet Perps For too long, the Ethereum Mainnet has been non-viable for a native perp DEX. But while everyone has been fighting over which L2 is cheapest, Mainnet got good. Really good. Here's what's changed: 🧵⬇️
One Portfolio, Infinite Possibilities. Multi-Collateral Margin on Synthetix Mainnet is almost here Traders will be able to deposit a portfolio of assets as margin, including yield-bearing collateral, keeping assets productive while trading 📘 blog.synthetix.io/multi-collater… 🧵⬇️
A very special desktop technology primate is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 other top traders for a chance of taking home $1,000,000 Guess who
A skilled trader from the Chinese community is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home $1,000,000 Guess who
Synthetix will run a trading competition with a $1,000,000 top prize to battle-test the first-ever perp DEX on Ethereum. @kaiynne breaks down how it's going to work on @BanklessHQ *serious leak at 0:40 👀* Who do you want to see in the competition? (tag them in comments)
An internet coin trader with stacks of experience is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 other traders for the chance of taking home a $1,000,000 top prize Guess whomst
"There is no perp DEX on Ethereum. We need a perp DEX on Ethereum." @kaiynne explains why Synthetix is returning to Ethereum Mainnet on @BanklessHQ
Someone special from the inverse of 'summerloud' is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize Guess who
"How do you square Ethereum's block times with the speed required for a perp DEX?" @kaiynne tells @TrustlessState how Synthetix has managed to build a lightning-fast perp DEX on the Ethereum Layer 1.
A special someone from the Chinese CT community is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home a $1,000,000 top prize
A semi-retired trading legend turned pumpdotfun streamer is locked in for the Synthetix Mainnet trading competition They will go head-to-head with 99 others for the chance of taking home $1,000,000 Guess who...
The derivatives revolution on Ethereum Mainnet. It starts with Synthetix.
How To Enter The Synthetix Mainnet Trading Competition 100 traders will go head-to-head for their chance of walking away with a $1,000,000 top prize 50 slots are invite-only 35 slots are open to the broader community 15 slots are for Synthetix (Kwenta) OGs 🧵⬇️
**Degen Spartan Returns** for $1M Synthetix Trading Competition

**Degen Spartan officially ends retirement** to compete in Synthetix's mainnet trading competition. The legendary trader will face **99 other competitors** for a chance at the **$1,000,000 prize pool**. - Competition launches **October 20** - Features synthetic asset trading on mainnet - Spartan previously transitioned to pump.fun streaming This marks a significant return for one of crypto's most recognizable trading personalities.
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 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)
Synthetix Launches Redesigned Website with Enhanced Features

Synthetix has unveiled a comprehensive website redesign that consolidates its product ecosystem into a single hub at synthetix.io. Key updates include: - Access to 90+ Perps markets - Expanded liquidity opportunities - New leveraged tokens for 10+ assets The enhanced stats page now displays: - Real-time APRs and fees data - Liquidity rewards metrics - Perps volume analytics - SNX token performance The governance structure aligns with Vision 2025, featuring the Spartan Council with 6-month election terms and a 4/7 approval threshold. Visit synthetix.io to explore the new interface.