Synthetix is worked up to announce the launch of 4 new perpetual futures markets on Synthetix Perps, solely on Base. The newly added markets embrace Synthetix (SNX), Solana (SOL), Dogwifhat (WIF), and Wormhole (W). These markets have been authorized in SIP-363 and SIP-368, with configurable values set by SCCP-316.
Buying and selling Synthetix Perps on Base
The brand new SNX, SOL, WIF, and W perpetual futures markets are solely accessible on Synthetix Perps deployed on Base. Merchants can entry these markets by way of platforms integrating with Synthetix Perps on Base, corresponding to Kwenta.
Market Parameters and Liquidity
The particular market parameters for every new perpetual futures market, together with preliminary margin ratios, charges, and most market sizes, might be present in SCCP-316. Liquidity suppliers can earn a share of the protocol charges by offering liquidity to those markets. Elevated LP collateral & liquidity will help greater open curiosity and buying and selling volumes.
Liquidity Suppliers: Earn Charges and Assist Market Progress
Synthetix Perps depends on liquidity suppliers to help perps liquidity. By offering liquidity to the brand new Spartan Council Pool, LPs can earn a portion of the buying and selling charges generated by the protocol. Moreover, Synthetix at the moment gives liquidity incentives within the type of SNX/USDC rewards for LPs on prime of the common perps buying and selling charges.
Extra liquidity in these markets will allow greater open curiosity, elevated buying and selling volumes, and the potential for added markets to be launched on Synthetix Perps.
Threat Warning: Offering liquidity isn’t risk-free. LPs could expertise losses if market skew is imbalanced. Different dangers embrace good contract vulnerabilities and collateral (USDC) depegging. As at all times, do your personal analysis and solely deposit what you possibly can afford to lose.
For extra info on the dangers and mechanics of offering liquidity on Synthetix Perps, please seek the advice of the Synthetix Docs.
Any Questions?
Be a part of the Synthetix Discord for any questions or considerations.
