Synthetix
A new financial primitive enabling the creation of synthetic assets, offering unique derivatives and exposure to real-world assets on the blockchain.
Integrations
Staking sites operational, but wallet-connect and ledger-connect features disabled
Mon 18th Dec 2023
The staking sites are currently in working condition and users are encouraged to utilize them. However, wallet-connect and ledger-connect features are still currently disabled.
Ledger disabled in Synthetix frontends
Mon 18th Dec 2023
Ledger has been temporarily disabled in Synthetix frontends. Users are advised to avoid using DeFi dApps, especially if they are Ledger users. Further updates will be provided when available.
SNX token inflation stopped, new fee share model on the horizon
Thu 14th Dec 2023
The inflation of SNX tokens has been halted. Weekly fee burns for LPs will continue on Optimism and ETH mainnet. A new fee share and buyback and burn model will be tested on Base with the upcoming Andromeda release.
Synthetix Perps Data Report - December 4th to December 11th
Thu 23rd Nov 2023
The latest Synthetix Perps Data Report shows a 7-Day Total Volume of $1.49 billion and an Average Daily Volume of $213 million. The Lifetime Perps Volume is now at $39.07 billion, with Lifetime Fees totaling $30.18 million.
Synthetix adds 9 new perpetual markets
Thu 7th Dec 2023
Synthetix has announced the addition of 9 new perpetual markets, including TRB, TIA, IMX, MEME, FET, GRT, PYTH, ANKR, and BONK. This brings the total number of perpetual markets supported by Synthetix to over 80, with a focus on deep onchain liquidity and low fees.
Andromeda Release: Dive into the Details
Tue 21st Nov 2023
The upcoming Andromeda Release, scheduled for December, will bring Core V3 and Perps V3, integration of $USDC as collateral, and launch on @BuildOnBase. Perps V3 will introduce cross-margin trading, multi-collateral support, and improved liquidation processes. The release will also serve as an experimental ground for testing new features and insights for the future of multi-chain Synthetix.
Pyth Network announces retrospective airdrop for Synthetix Perps users
Mon 6th Nov 2023
Pyth Network has recently announced a retrospective airdrop for Synthetix Perps users. Synthetix Perps, with the help of Pyth's offchain oracles, has attracted tens of thousands of traders and achieved a trading volume of over $32 billion.
Synthetix V3's design places markets at its heart
Thu 26th Oct 2023
Synthetix V3's design focuses on markets and pools as vital components for liquidity and on-chain derivatives. It aims to revolutionize DeFi derivatives and on-chain borrowing, offering users the ability to generate sUSD with 0% interest and fees.
BuildOnBase Perps V3 Testnet Trading Comp concludes
Thu 2nd Nov 2023
The @BuildOnBase Perps V3 Testnet Trading Competition has concluded after 3 weeks, with participants experiencing significant trading activity. The insights gathered will be used for the upcoming Base launch. Winners received $15,000 SNX, 15 $KWENTA, and NFTs.
Curious about the cross-chain future of Synthetix V3
Mon 30th Oct 2023
Synthetix V3 plans to power derivatives across any EVM chain and support an ecosystem of developers and protocols with deep liquidity. The initial steps include isolated deployments and then cross-chain strategies.
