253642
Synthetix
@synthetix #253642
Synthetix is a liquidity layer for onchain derivatives, primarily supporting Synthetix Perps on Optimism and Base.
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Get ready: Synthetix Perps trading fee rebates on @base start tomorrow.
Receive 90% of your fees back in SNX weekly, up to 50k SNX first come first serve.
The first epoch runs from May 22nd, 8pm UTC, to May 29th, 8pm UTC.
Rewards will be distributed for epoch one on May 29th.
Receive 90% of your fees back in SNX weekly, up to 50k SNX first come first serve.
The first epoch runs from May 22nd, 8pm UTC, to May 29th, 8pm UTC.
Rewards will be distributed for epoch one on May 29th.
📊 Synthetix Perps Data (May 13th - May 20th)
- Total Volume: $923.2M (OP: $636M, Base: $287.2M)
- Avg Daily Vol: $131.9M (OP: $90.9M, Base: $41.0M)
- Lifetime Vol: $56.0B (OP: $54.7B, Base: $1.23B)
- Lifetime Fees: $42.0M (OP: $41.6M, Base: $419.1K)
Optimism & Base
- Total Volume: $923.2M (OP: $636M, Base: $287.2M)
- Avg Daily Vol: $131.9M (OP: $90.9M, Base: $41.0M)
- Lifetime Vol: $56.0B (OP: $54.7B, Base: $1.23B)
- Lifetime Fees: $42.0M (OP: $41.6M, Base: $419.1K)
Optimism & Base
This week, Synthetix deployments on @base and @undefined burned $101,396 sUSD and 8,024 $SNX in fees through debt distribution and SNX buyback & burn process.
These burned fees are distributed to LPs and SNX holders across all chains!
These burned fees are distributed to LPs and SNX holders across all chains!
Transitioning to Synthetix V3: Scaling sUSD & Migrating SNX
Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and decentralization of the Synthetix stablecoin, sUSD.
Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and decentralization of the Synthetix stablecoin, sUSD.
📊 Synthetix Perps Data (May 6th - May 13th)
- Total Volume: $217.6M (OP: $116M, Base: $101.6M)
- Avg Daily Vol: $31.1M (OP: $16.6M, Base: $14.5M)
- Lifetime Vol: $55.03B (OP: $54.1B, Base: $941.8M)
- Lifetime Fees: $41.64M (OP: $41.3M, Base: $333.8K)
Optimism & Base
- Total Volume: $217.6M (OP: $116M, Base: $101.6M)
- Avg Daily Vol: $31.1M (OP: $16.6M, Base: $14.5M)
- Lifetime Vol: $55.03B (OP: $54.1B, Base: $941.8M)
- Lifetime Fees: $41.64M (OP: $41.3M, Base: $333.8K)
Optimism & Base
🚨 Synthetix Arbitrage Bot Workshop 🚨
📅 May 16th, 7 PM UTC
📍 Live on Discord
Join us to learn about:
- Key concepts of funding rate arbitrage
- How arbitrage bots operate
- Downloading and running the open-source bot yourself on Base
RSVP in the next cast. 👇
📅 May 16th, 7 PM UTC
📍 Live on Discord
Join us to learn about:
- Key concepts of funding rate arbitrage
- How arbitrage bots operate
- Downloading and running the open-source bot yourself on Base
RSVP in the next cast. 👇
This week, Synthetix deployments on @base, @undefined, and Ethereum torched $86,763k sUSD and 5.8k $SNX in fees.
Burned fees go to LPs (aka stakers) & SNX holders on all chains!
Burned fees go to LPs (aka stakers) & SNX holders on all chains!
📊 Synthetix Perps Data (April 29 - May 6)
- Total Volume: $311.4M (OP: $176M, Base: $135.4M)
- Avg Daily Vol: $44.5M (OP: $25.1M, Base: $19.3M)
- Lifetime Vol: $54.8B (OP: $54.0B, Base: $840.2M)
- Lifetime Fees: $41.6M (OP: $41.3M, Base: $302.9K)
Optimism & Base
- Total Volume: $311.4M (OP: $176M, Base: $135.4M)
- Avg Daily Vol: $44.5M (OP: $25.1M, Base: $19.3M)
- Lifetime Vol: $54.8B (OP: $54.0B, Base: $840.2M)
- Lifetime Fees: $41.6M (OP: $41.3M, Base: $302.9K)
Optimism & Base
USDC incentives on @base have increased for Synthetix V3 USDC depositors from $50,000 to $250,000 per month. Additionally, SNX incentives remain at 20,000 SNX per week.
Deposit on the V3 Liquidity App: https://liquidity.synthetix.eth.limo/
Learn more: https://blog.synthetix.io/lp-usdc-snx-incentives-on-base/
Deposit on the V3 Liquidity App: https://liquidity.synthetix.eth.limo/
Learn more: https://blog.synthetix.io/lp-usdc-snx-incentives-on-base/
Synthetix Perps now supports 14 new perps markets on @base:
$TAO $LINK $GMX $INJ
$AXL $SUI $ETHFI $TIA
$STX $ARKM $TON $PENDLE
$GALA $BOME.
Start trading now on Kwenta at https://v3.kwenta.io/
$TAO $LINK $GMX $INJ
$AXL $SUI $ETHFI $TIA
$STX $ARKM $TON $PENDLE
$GALA $BOME.
Start trading now on Kwenta at https://v3.kwenta.io/
📊 Synthetix Perps Data (April 15 - April 22nd)
- Total Volume: $311.8M (OP: $209M, Base: $102.8M)
- Avg Daily Vol: $44.5M (OP: $29.9M, Base: $14.7M)
- Lifetime Vol: $54.2B (OP: $53.6B, Base: $615.2M)
- Lifetime Fees: $41.3M (OP: $41.1M, Base: $258.8K)
@base & @undefined
- Total Volume: $311.8M (OP: $209M, Base: $102.8M)
- Avg Daily Vol: $44.5M (OP: $29.9M, Base: $14.7M)
- Lifetime Vol: $54.2B (OP: $53.6B, Base: $615.2M)
- Lifetime Fees: $41.3M (OP: $41.1M, Base: $258.8K)
@base & @undefined
Base will onboard the next million users onchain, and Synthetix Perps, the largest Perps DEX on @base & Optimism, is leading the charge.
With integrators like Kwenta, Polynomial, and Infinex, Synthetix is creating a thriving derivatives ecosystem for LPs and traders.
The Superchain is the future.
With integrators like Kwenta, Polynomial, and Infinex, Synthetix is creating a thriving derivatives ecosystem for LPs and traders.
The Superchain is the future.
This week, our deployments across @base, @base, and Ethereum L1 have collectively burned $565k sUSD and 6.4k $SNX in fees.
Burn Breakdown:
@Optimism: 446,209 sUSD
Ethereum L1: 119,049 sUSD
@undefined: 6,384 SNX
Reminder: Burned fees are distributed to LPs & SNX holders.
Burn Breakdown:
@Optimism: 446,209 sUSD
Ethereum L1: 119,049 sUSD
@undefined: 6,384 SNX
Reminder: Burned fees are distributed to LPs & SNX holders.
Synthetix Perps now supports 12 new perps markets on @base:
$OP $ENA $ARB $BONK
$RUNE $MATIC $AVAX $DOGE
$FTM $PEPE $ORDI $BNB
Start trading now on Kwenta at https://v3-alpha.kwenta.io/
$OP $ENA $ARB $BONK
$RUNE $MATIC $AVAX $DOGE
$FTM $PEPE $ORDI $BNB
Start trading now on Kwenta at https://v3-alpha.kwenta.io/
🔥 Another week, another fee burn! 🔥
Synthetix deployments on @base, @base, and L1 incinerated $268k sUSD and 3.9k $SNX in fees.
@undefined is on fire, with SNX/USDC incentives drawing in LPs, open interest caps increasing, and many new perps markets coming soon!
Synthetix deployments on @base, @base, and L1 incinerated $268k sUSD and 3.9k $SNX in fees.
@undefined is on fire, with SNX/USDC incentives drawing in LPs, open interest caps increasing, and many new perps markets coming soon!
Synthetix Perps Update: Open Interest Caps Increased on @base!
The open interest caps for ETH & BTC Perps have been raised to $10 million each.
Trade Perps on Base
- Kwenta - https://v3.kwenta.io/ - Public Access
- Polynomial - https://polynomial.trade/ - Private Beta
The open interest caps for ETH & BTC Perps have been raised to $10 million each.
Trade Perps on Base
- Kwenta - https://v3.kwenta.io/ - Public Access
- Polynomial - https://polynomial.trade/ - Private Beta
📊 Synthetix Perps Weekly Data (April 1 - April 8th)
- Total Volume: $526.6M (OP: $445M, Base: $81.6M)
- Avg Daily Vol: $75.2M (OP: $63.6M, Base: $11.7M)
- Lifetime Vol: $53.42B (OP: $52.98B, Base: $411M)
- Lifetime Fees: $40.67M (OP: $40.49M, Base: $171K)
Combines Base/Optimism
- Total Volume: $526.6M (OP: $445M, Base: $81.6M)
- Avg Daily Vol: $75.2M (OP: $63.6M, Base: $11.7M)
- Lifetime Vol: $53.42B (OP: $52.98B, Base: $411M)
- Lifetime Fees: $40.67M (OP: $40.49M, Base: $171K)
Combines Base/Optimism
$WIF surpasses all other markets in 24-hour volume on Synthetix Perps on @base.
Trade at @Kwenta_io at https://v3-alpha.kwenta.io
Once more LPs flood in, governance can increase open interest caps to existing markets, support new markets, and onboard more traders.
Trade at @Kwenta_io at https://v3-alpha.kwenta.io
Once more LPs flood in, governance can increase open interest caps to existing markets, support new markets, and onboard more traders.
Synthetix Perps has launched $SNX, $SOL, $WIF & $W perpetual futures markets on @base.
Trade now on Kwenta.
Calling all LPs! Earn trading fees and USDC/SNX incentives while supporting the growth of these new markets by providing liquidity on Synthetix V3.
Trade now on Kwenta.
Calling all LPs! Earn trading fees and USDC/SNX incentives while supporting the growth of these new markets by providing liquidity on Synthetix V3.
Synthetix V3 is now live on @base, allowing users to provide liquidity, earn trading fees, and receive LP incentives.
Users can now participate as liquidity providers by supplying USDC collateral to the Spartan Council Pool.
V3 LP app on Base 👇
https://liquidity.synthetix.eth.limo/
Users can now participate as liquidity providers by supplying USDC collateral to the Spartan Council Pool.
V3 LP app on Base 👇
https://liquidity.synthetix.eth.limo/
This week, $982k worth of sUSD was burned in trading fees!
On Optimism, Synthetix Perps accounted for 93% of these fees, while the remaining 7% occurred on the Ethereum mainnet.
100% of sUSD fees are distributed to $SNX stakers every week!
On Optimism, Synthetix Perps accounted for 93% of these fees, while the remaining 7% occurred on the Ethereum mainnet.
100% of sUSD fees are distributed to $SNX stakers every week!