Synthetix V3 and Synthetix Perps Gaining Traction on Base

Synthetix continues streamlining operations by cleaning up legacy systems and L2 deployments. Key updates: - Legacy Curve 4pool deprecated - New Curve pool (sUSDe/sUSD) launched on Ethereum Mainnet - Liquidity successfully migrated from 4pool to new sUSDe pool - Part of broader strategy to consolidate on mainnet This aligns with Synthetix's earlier announcement to sunset L2 operations on Base and Arbitrum, focusing entirely on Ethereum mainnet. A new CLOB Perp launch is planned for later this year. Visit the new pool: [Curve Finance Pool](https://www.curve.finance/dex/ethereum/pools/factory-stable-ng-371/deposit/)

Synthetix is discontinuing leveraged tokens on Optimism, with key dates for token holders: - **Minting Disabled**: New token minting stopped August 4 - **Redemption Window**: August 4-11 for manual token redemption - **Final Liquidation**: August 11 - remaining positions automatically liquidated with airdrops following *Important Actions Required*: - Redeem tokens before August 11 for immediate fund access - No action needed for Optimism perps traders - Automatic liquidation and airdrops for non-redeemed positions This continues Synthetix's broader L2 retirement strategy, following earlier closures on Base and Arbitrum. [Join Discord](http://discord.gg/synthetix) or [Telegram](http://t.me/+v80TVt0BJN80Y2Yx) for updates.

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 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.

Synthetix has launched Multi-collateral Perpetuals on Kwenta (Arbitrum network) with tBTC as the primary Bitcoin collateral option. Key features: - 81 new perpetual markets added - 4 collateral options including tBTC, ETH, USDe, and USDx - tBTC integration offers 1:1 BTC backing with permissionless minting - No KYC required for Bitcoin bridging Limited-time incentives: - Reduced taker fees (5 bps) for 2 weeks - 20% of trading fees distributed to LPs for 1 month - Kwenta points program active for traders Trading now live at kwenta.io