Synapse

**Historic Trading Opportunity Arrives** Mainnet launches next week, enabling trading of $SPCX options - the first tradeable pre-IPO options in history. **Key Details:** - Trade calls and puts on SpaceX before public listing - All options expire at June 12 IPO date - Platform already live on testnet - First-ever opportunity to trade options on a company before shares hit public exchanges This represents a new financial instrument allowing speculation on SpaceX valuation ahead of its anticipated public debut.

A new Retail Price Improvement feature is now operational, introducing a competitive auction system for single-leg orders. **How it works:** - Every order enters a 2-second auction period - Market makers compete to offer better prices than the current orderbook - If no improvement is offered, orders execute at your specified limit price - Execution is guaranteed regardless of auction outcome **Additional mechanics:** - The system continuously monitors best bid/ask prices every second - Order prices update automatically based on market conditions - Orders remain active until filled, manually cancelled, or reach preset safety boundaries This mechanism aims to provide better execution prices for retail traders through competitive market maker participation.

Trollbox has launched its desktop application with full Telegram integration. **Key Features:** - Real-time bidirectional chat sync between desktop and Telegram - Messages, replies, reactions, media, and GIFs sync seamlessly - Command cards work across both platforms - Simple account linking with a single code The integration allows users to participate in conversations from either platform while maintaining full functionality. All interactions are mirrored in real-time, creating a unified chat experience regardless of which platform users prefer.

Synapse Protocol released a major update consolidating three weeks of development work: **Key Features:** - **SpaceX pre-IPO options** now available for trading - Full **strategy builder** tool for complex positions - **Desktop chat** integration with Telegram bridge - Redesigned order form interface - Mainnet preparation underway The update follows their recent trading competition launch and improvements to the options chain and margining system.

The April Trading Competition on Hypercall's testnet concludes May 1, with $1,000 in SYN tokens up for grabs. **Competition Highlights:** - TurboLongSyn currently leads with +$904K profit - Achieved on just $54K trading volume - 16.9x efficiency ratio **What's Next:** - Whitelisted mainnet launch scheduled for early May - No real money at risk during testnet phase - Full leaderboard and results available at [testnet.hypercall.xyz](http://testnet.hypercall.xyz) Participants can view detailed rankings and an animated rank race on the [official blog](http://blog.hypercall.xyz/product-update-week-4-of-testnet/).

The mobile trading app received several iOS-focused improvements: - **Native iOS interface** for more familiar navigation - **Splash screens** added on launch - **Screen stays active** during trading sessions - **App shortcuts** accessible via long-press Users need to update their app to access these features. The update focuses on quality-of-life enhancements rather than major feature additions.

**Liquidation mechanisms have undergone a significant upgrade**, introducing a two-tier approach to position closures. **Key improvements:** - **Staged closures** now execute first, allowing for more gradual position unwinding - **On-chain auctions** serve as a secondary mechanism when staged closures are insufficient - **Full liquidation history** now accessible in a dedicated tab for transparency This evolution builds on the Open Liquidity Marketplace framework, which combines offchain auction coordination with onchain settlement secured by cryptographic proofs.

Hypercall has launched RFQ (Request for Quote) trading on its testnet, enabling options trading on assets with limited liquidity. **How it works:** - Trade options on US500, GOLD, USOIL, and HYPE tokens - Market makers provide instant quotes - Accept or decline the quote - If no quote is available, the system defaults to a limit order - Guaranteed fills for all trades The platform includes a 28-strategy builder alongside the RFQ system, addressing a key challenge in options markets: trading derivatives on assets without deep liquidity pools. [Learn more about Hypercall](https://hypercall.io)

Synapse is conducting desktop UX interviews alongside its public testnet to gather user feedback before moving to Phase 2. **What's happening:** - Short interview phase running in parallel with current testnet - Feedback will inform Phase 2 expansion plans - Phase 2 will introduce desktop trading, portfolio margin, and integrations **How to participate:** Interested users can apply through the [feedback form](https://form.typeform.com/to/rQIfiUlD)

Hypercall is transitioning from internal testing to public access with Phase 1 of its testnet rollout. **Key Details:** - Public testnet launches later this week - Mobile trading functionality will be available first - This marks the first phase of a three-phase rollout plan The testnet deployment follows a structured approach: Phase 1 focuses on standard margin trading with mobile-first access, Phase 2 will introduce portfolio margin and desktop support, and Phase 3 will prepare for mainnet based on user feedback and testing results. Full information: [Hypercall Blog](https://blog.hypercall.xyz/road-to-mainnet-phase-1/)