Synthetix is introducing a unique multi-collateral feature on its v3 derivatives platform on Arbitrum to stand out in the competitive DeFi ecosystem. Matt Losquadro, a core contributor at Synthetix, emphasized the significance of this feature, highlighting its ability to accept various tokens as collateral. This move aims to differentiate Synthetix from other protocols on Arbitrum, such as GMX, which currently dominates the decentralized perps market. By allowing users to margin with assets like Ether and Bitcoin, Synthetix is expanding the possibilities for traders and investors. Additionally, the integration of Chainlink Data Streams in the upcoming v3 deployment on Arbitrum further enhances Synthetix's competitiveness in the DeFi space. The protocol's focus on providing liquidity for permissionless derivatives and its commitment to innovation position Synthetix as a key player in the evolving DeFi landscape. Read more AI-generated news on: https://app.chaingpt.org/news