Synthetix

Kwenta has launched the frontend integration of Perps V3 on Base, being the first partner to go live for public beta. This will enable traders to interact with Perps V3, leading to increased trading activity on Base.

Next week on March 14th at 6 pm UTC, Synthetix will be hosting a Spartan Space event with Pyth Network. The event will cover an introduction to Pyth, how Synthetix Perps uses Pyth Oracles, understanding governance at Pyth, and upcoming features. RSVP to join the event.

Toros and dHedgeOrg partnered to create a delta-neutral vault on Synthetix Perps. Users can deposit wstETH on Aave, borrow sUSD, and short ETH perp on Kwenta_io using sUSD. This strategy is currently profitable due to positive funding rates.

The $LUSD wrapper allows users to acquire sUSD on the Ethereum Mainnet by minting sUSD using LUSD in a wrapper contract. The current fee is 50bps, with a maximum token amount of 5 million LUSD and a burn fee of 100bps. The LUSD wrapper was implemented following the implementation of SCCP 2085, providing a convenient way to access sUSD.

Synthetix Perps has introduced four new assets: $PENDLE, $JUP, $CVX, with $STRK from StarkWareLtd coming soon. Experience low fees, deep liquidity, and full decentralization. This initiative aims to simplify DeFi onboarding and broaden user base, with USDC deposits support on Infinex.

Synthetix has launched the much anticipated Polynomial Trade on Base, now available in beta. This trading engine, powered by Synthetix and Pyth Network, offers a powerful trading experience on Base.

Synthetix's L1 perpetual will become the most cost-effective option for going long on $ETH on-chain, with minimal gas fees. The platform is expected to appeal strongly to larger investors, who will encounter constant pressure to go short from eTHENA Labs to maintain affordability, thus keeping order fees competitive with leading centralized exchanges (CEX).

Ethena's adoption of SNX V3 is set to become a significant DeFi use case, according to a tweet by @synthetix_io.

Infinex App plans to support multiple EVM chains, enabling users to deposit from any chain and trade without bridging to the base. Engineers are also developing support for Solana, with the goal of replicating the experience of CEX onboarding like Binance.

Infinex is working on two streams - Infinex account & SNX Perps V3 integration. Users will be onboarded through a waitlist during the Andromeda scaling period, starting in the next few weeks.