LTIP rewards are now flowing to participants in the Synthetix ecosystem on Arbitrum. Here's what you need to know:
- Depositors: LTIP rewards are available for those who deposit supported assets. - Stablecoin LPs: Liquidity providers for the synthetix native stablecoin are eligible for LTIP rewards on @RamsesExchange
Key Features of the deployment: - Users can deposit various supported assets to mint Synthetix's native stablecoin. - The deployment will progress in stages to fully integrate Synthetix's liquidity layer and support Perps & derivatives on Arbitrum.
Join the @snxambassadors next Tuesday for a Spartan Space with @cyberdex_xyz, an innovative perps DEX powered by Synthetix!
We'll be chatting about: - Building on Synthetix Perps & V3 - The long-term vision for CyberDEX - Developer & Trader insights - Upcoming features & roadmap
Synthetix has launched on @arbitrum, bringing V3 to the network. This is the first of many stages to fully integrate Synthetix's liquidity layer and support Perps V3 & our derivatives ecosystem.
Depositing ETH, ARB, and USDC will earn users ARB LTIP rewards starting today, June 18th, at 9 pm EST.
Depositors can also mint (aka borrow) Synthetix's new Arbitrum-native stablecoin USDx.
The deployment will progress through three key milestones:
- Week 1: Attracting a critical mass of LP collateral in ARB, USDC, and ETH. Once total LP collateral reaches $10-20m, Perps trading will be ready to launch.
- Week 2-3: Enable @ethena_labs assets sUSDe & USDe as collateral and support additional yield-generating collateral from @LidoFinance , @ether_fi , and @aave.
- Week 3-4: Contingent on LP scaling, enable the Synthetix Perps market. Trading rebates will begin in 4-6 weeks, gradually enabling trading activities with limited open interest to manage risk.
Read our blog post in the next tweet for more details on the deployment, incentives, and future plans.
Epoch 3 rewards for Synthetix Perps traders on @base have been distributed! Apologies for the delay in distribution.
Traders from 6/5 to 6/12 have now received their trading fee rebates. Epoch 4 is already underway and ends on June 19th.
Trade Synthetix Perps on Base to receive rebates equal to 90% of trading fees. Enjoy deep liquidity across 30+ markets with the best fully onchain, decentralized trading protocol.