Synthetix Perps V3 to Be Deployed on ETH Mainnet
Synthetix Perps V3 to Be Deployed on ETH Mainnet
The upcoming deployment of Synthetix Perps V3 to the Ethereum mainnet is a significant step that will attract protocols like Ethena Labs and bring exposure to perps on ETH mainnet. This deployment aims to cater to a broad spectrum of users, including whales and market makers, and it offers features such as native cross-margining, expanded collateral margin options, MEV-resistant liquidation process, and improved order settlements.
Synthetix Perps V3 is set to launch with the Andromeda Release on Base, soon to be followed by an Ethereum Mainnet version for medium to whale traders and protocols like @ethena_labs! 👇 blog.synthetix.io/perps-v3-featu… Check out the TLDR and read the blog post to learn more. - Perps V3
One aspect of the Perps V3 roadmap that often goes unnoticed is its upcoming deployment to ETH mainnet. This is a significant step that will onboard protocols like @ethena_labs and attract whales and others looking for exposure to perps on ETH mainnet.👇 blog.synthetix.io/perps-v3-featu…
Synthetix Perps is a massive success story, and it hasn't even been live for a year. Imagine the possibilities once the Andromeda Release (Core v3 + Perps v3) goes live on @buildonbase. It's not just leading—it's setting the industry standard with the deepest liquidity, lowest
Did you miss the Spartan Space about the upcoming Andromeda Release? Quick overview of what we covered, notes, plus a 🧵 below: - Andromeda on @BuildOnBase - Perps V3 Features - Enhancing usability with USDC - Core V3 - ERC-7412 and Future Cross-Chain Deployments 1/13
**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.