Synthetix

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.

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.