Synthetix

TLX is moving towards TGE with nominations open for the TLX Ecosystem Council on Discord. Interested parties have 9 days to submit nominations. Additionally, on-chain transaction details regarding reduced debt and distribution of fees to stakers can be tracked on Ethereum Mainnet and Optimism.

A recent alpha leak from DefiLlama reveals an arbitrage opportunity involving shorting ETH on Synthetix Perps and longing ETH on the spot market. The opportunity can be explored on Kwenta and PolynomialFi on the Optimism network.

Join the conversation with @PolynomialFi, a leading Synthetix frontend, tomorrow at 4PM UTC to discuss their success, One-Click Funding Arbitrage, V3 rollout, and future plans. Don't miss it!

Synthetix has launched the Governance Points Campaign for community engagement. Active Infinex community members can now get access to an exclusive allocation of 50 million Governance Points (GPs). Find out more about how to grow your stake in Infinex.

Synthetix Perps offers deep liquidity, low fees, 80+ markets, and a focus on risk management for liquidity providers and traders. It eliminates the need for centralized exchanges by providing decentralized perpetual contracts on-chain.

The Synthetix sUSD native bridge is now operational on the Staking Dapp, enabling users to transfer sUSD from Optimism to Ethereum Mainnet for arbitrage opportunities. It is important to note that bridging from Optimism to Mainnet involves a 7-day delay.

As of now, Nowthetix has taken over and replaced Soonthetix as the new leader in the Synthetix community.

Synthetix Perps, powered by Pyth Oracles, have exceeded $40B in trading volume. The achievement can be attributed to lower fees and an improved onchain Perps protocol. Synthetix is proud to be one of the early adopters of Pyth Oracles and has received the Pyth Retrospective Airdrop.

Synthetix IO proudly acknowledges surpassing $40B in trading volume for Synthetix Perps, crediting Pyth Network's oracles for lower fees and enhanced protocol. The Pyth Retrospective Airdrop has benefitted over 160 dApps on 27 chains, aiming to engage the community, support governance members, and reward developers in future V3. The collaboration with Pyth Network has reduced Perps trading fees significantly, making onboarding CEX traders easier and increasing onchain user base.

The Red Wars Event #3 by Synthetix has ended, and reward details will be shared on Discord. Event #4 with a reward pool of $78,870 USD has been announced. Follow the instructions to participate.