Synthetix

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 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.

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/)

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 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

Synthetix's SR-2 proposal has passed with 99.94% approval, initiating a significant reboot of the protocol. Key changes include: - SNX token redesign - Operationalized SNAX Chain - Restarting Synth Teleporters development - Increased focus on business development and marketing - Perps V3 expansion and V2X deprecation - V3 Perp multichain proliferation Governance will shift to a single 7-member Spartan Council, replacing the previous three-council structure. New core working groups will be formed, and a foundation will be established to handle legal and operational matters. These changes aim to make Synthetix more efficient, aligned, and focused for both short and long-term goals.

The Synthetix Reboot referendum has achieved quorum, marking a significant milestone in the governance process. This vote follows a series of important events: - A referendum proposing changes to the DAO structure was introduced on September 25th - New council members were elected on September 17th - Voting for council members took place from September 11th to 16th - The election process introduced SNAXchain, Synthetix's new app chain **Current status:** - Quorum reached on October 4th - Voting remains open for community participation **Next steps:** - Review current results - Cast your vote if you haven't already Visit the governance portal to participate in shaping Synthetix's future.

Synthetix has introduced a new channel for community members to share SNX ecosystem-related content. This space welcomes various formats including: - Tweets - Articles - Videos - Memes - Graphics The initiative aims to boost content reach through community engagement. Synthetix encourages all 'Spartans' to actively support shared content by: 1. Liking 2. Commenting 3. Retweeting Access the new channel here: [Discord Link](https://discord.com/channels/413890591840272394/1288964108011704362)