Synthetix Volume Milestones on Base Network
Synthetix Volume Milestones on Base Network
🚀 New Volume Records
Synthetix, a decentralized synthetic asset platform, has been achieving significant volume milestones on the Base network. The platform's V3 deployment on Base has surpassed $325 million in total volume, with daily volumes regularly reaching $30-40 million. Synthetix's Kwenta trading interface also hit an all-time high 30-day average daily volume of over $200 million on Optimism. As Synthetix continues to expand on Base, it has already recorded a $10 million volume day, indicating an upward trend in adoption and growth.
On this historic day, @Kwenta_io's 30d average daily volume reached ATH, crossing $200M for the first time on @Optimism. Meanwhile, v3 continues to grow. CTTWL 🥂 (and thanks @_Synthquest for the queries)
Kwenta has surpassed $55M in volume on @base! @synthetix_io is expanding caps to fuel more growth. We've already had your first $10M volume day. Up and to the right trend continues. 😏 Go join Base szn: v3.kwenta.io
Up and to the right only. ↗️ New Daily volume PR on @base: $41M 30-40M is the current daily norm. Total @synthetix_io V3 volume on Base is now over $325M. Rookie numbers compared to whats to come. Become based: v3.kwenta.io
*Face melts as it soars into the absolute stratosphere* New PR: 38M Daily Volume We still have like a 10M cap haha, yall are based. Based on @base. ↗️ Contribute to the ascension: v3.kwenta.io
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)