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Synthetix Perps on Base supports 30+ assets with deep liquidity, low fees, and best-in-class risk management for liquidity providers.

Synthetix Perps on Base supports 30+ assets with deep liquidity, low fees, and best-in-class risk management for liquidity providers.

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aUSDc (@aave usdc) has been approved as a collateral asset for Synthetix V3 on @base. While the vault to accept aUSDc deposits is not live yet, it will be soon. This addition brings together @aave lending markets and @synthetix_io perps trading, enabling users to earn from both protocols & support composable DeFi on Base. Key benefits: - Earn lending returns from @aave - Earn perps trading fees from @synthetix_io perps - Earn any incentives from aave/synthetix - Boost liquidity for scaling Perps V3 on Base Read the SIP for details 👇 https://t.co/3RZ31otslE
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Synthetix's @arbitrum LTIP grant has been resubmitted today via Snapshot vote. We've worked with the Council & Delegates to reduce our ask to 2m ARB and made critical changes to align with feedback. @coinflipcanada, a @GMX_IO delegate, has supported (and posted) our proposal as a show of support for Synthetix on Arbitrum & supporting DEX Perps across DeFi. This critical endorsement from CoinFlip (GMX) highlights the importance of collaboration in growing the onchain Perps ecosystem. In these early days of bringing new users to DeFi, we must support one another to expand opportunities for all and effectively compete with CEX Perps. Currently, users can deposit LP collateral in the Synthetix V3 staking app in anticipation of Perps V3 rampup on Arbitrum. This is crucial for achieving a critical mass of LP collateral to support deep liquidity, open interest, and low fees for traders. The next tweet will provide information on where ARB delegates can vote and access our revised proposal, including the changes made during the LTIP process. Arbitrum LTIP Information: Snapshot vote: https://t.co/5NU7v0QsLp Changes made to the proposal: https://t.co/HpnmpiuI01 CoinFlip (GMX) show of support: https://t.co/gvSOs3zx7m V3 Liquidity App: https://t.co/qQWDxPcQX8
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🗳️ Voting for the Synthetix Council Elections has officially begun! 🗳️ You can cast your vote until May 5th at 23:19:26 UTC. If you haven't nominated yourself, there's still time! To vote, nominate, or learn about the candidates, check out the blog post in the next tweet. Voting Information: To vote, head to the V3 Gov Dapp: https://t.co/PoJSuykZCD To learn more, check out the blog post: https://t.co/1pTGDgj3jk
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If you're holding non-USD spot synths on Ethereum Mainnet (L1), swap these to sUSD (or other assets) using @1inch or @DefiLlama ASAP. The Spartan Council will utilize a discount rate on Monday for the synth redeemer. The longer you wait to redeem your non-USD synths, the more the discount ratio will be applied. Please note: Users holding non-USD synths or SNX on other chains do not need to take any action. This only applies to those holding non-USD synths on Ethereum Mainnet. Synth Redeemer & Discount SIP - https://sips.synthetix.io/sccp/sccp-2103/ This change will help neutralize skew for stakers, make hedging easier for SNX stakers, introduce liquidity for sUSD, ramp up activities on Synthetix V3, and migrate synths. Before Monday - To swap your non-USD synths: Visit https://swap.defillama.com/ or https://app.1inch.io/#/1/advanced/swap/ETH to swap your non-USD synths to sUSD (or other assets). Beginning on Monday - To redeem your non-USD synths: 1. Visit https://staking.synthetix.io/wallet/balances (make sure you're connected to Ethereum Mainnet). 2. Locate your non-USD synth holdings and redeem each one. After the redemption process is complete, you will receive sUSD in your wallet, and your non-USD synth balance will be reduced to zero. If you have any questions or need assistance with the redemption process, please reach out to the Synthetix community on Discord. Read more - https://blog.synthetix.io/legacy-spot-synth-exchange-deprecation-migration/
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Pie charts made easy This is how we slice the fee share for USDC depositors on Synthetix V3 on @base ✅ 40% for USDC LPs (+ SNX/USDC incentives) ✅ 40% for SNX buyback & burn ✅ 20% for Integrators 100% transparency, 0% nonsense 😉 Are you interested in providing collateral, earning perps trading fees, and LP incentives? The Synthetix Treasury is offering incentives for deposits. 50,000 USDC monthly & 20,000 SNX weekly. Provide liquidity at: https://t.co/PiaEr5hbx2 Docs: https://t.co/O1IYCu3ZF1
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