According to Foresight News, Synthetix tweeted that its protocol V3 will be launched on Arbitrum in multiple stages. Starting at 9:00 am Beijing time on June 19, users who deposit ETH, ARB and USDC will receive ARB LTIP rewards. Depositors can also mint (i.e. borrow) Synthetix's new Arbitrum native stablecoin USDx.

The launch phases are planned as follows: Week 1: Attract a large amount of ARB, USDC, and ETH LP collateral. Once the total LP collateral reaches $10 million to $20 million, Perps trading will be ready to launch; Weeks 2-3: Enable sUSDe and USDe as collateral, and support collateral from Lido, EtherFi, and AAVE; Weeks 3-4: Enable the Synthetix Perps market based on the development of LPs. Trading rebates will start in 4-6 weeks, gradually enabling trading activities with limited open interest to manage risks.