Synthetix is the perps exchange of Ethereum Mainnet, offering deep liquidity and low fees. Powered by the SNX token.
Ethereum Mainnet
- Tweets 6,663
- Following 275
- Followers 259,246
- Likes 6,620
Pinned Tweet
Introducing Snaxpot: Trade a Little, Win a Lot ⚔️
Snaxpot is a weekly rewards program that gives back to traders on Synthetix Perps.
Trade on Synthetix now for your chance to win a $500,000 prize pool.
Here's how it works 🧵⬇️
20
23
137
26,040
Synthetix lives on @ethereum
🔹Mainnet is where all Synthetix user assets are custodied & where every trade settles
🔹Execute ETH basis trades with unified cross-margin natively on the L1
🔹Integrate perps seamlessly into your DeFi strategy
Return to the L1.
7
26
89
6,340
This week's Snaxpot draw has now concluded!
🔹64 winning tickets
🔹$420 in prizes won
🔹All on Ethereum Mainnet
Every week, a $500,000 grand prize goes on the line!
Trade for your chance to win: exchange.synthetix.io/snaxpo…
18
9
61
7,556
🔗 All winning ticket prize distributions are published & verifiable onchain: etherscan.io/tx/0x40c84b154c…
🔎 Every draw uses @Chainlink VRF for provable randomness: etherscan.io/tx/0x06385b3deb…
1
13
1,516
This week's Snaxpot draw has concluded!
🔹41 winning tickets
🔹$328 in prizes won
🔹All on Ethereum Mainnet
Every week, a $500,000 grand prize goes on the line!
Trade for your chance to win: exchange.synthetix.io/snaxpo…
24
4
59
18,144
🔗 All winning ticket prize distributions are published & verifiable onchain: etherscan.io/address/0xacd3c…
🔎 Every draw uses @Chainlink VRF for provable randomness: etherscan.io/tx/0x3a088c2913…
1
2
19
6,054
Step 1: Deposit ETH as collateral
Step 2: Trade ETH with ETH on Ethereum
Step 3: Infinitely loop the ETH stack to billions
Step 4: Buy island(s) with the profits
ETH as margin is now live on Synthetix ⚔️
Kickstart a virtuous flywheel with ETH collateral:
🔹 Use $ETH to trade ETH on Ethereum
🔹 Execute seamless basis trades
🔹 Drives real revenue on Mainnet
🔹 No bridge or deposit risk
Synthetix. Every trade lives on Ethereum.
9
15
95
14,557
Synthetix is now listed as a decentralized exchange on @coingecko!
🔗 coingecko.com/en/exchanges/s…
20
19
127
8,200
Referrals are now live on Synthetix ⚔️
1. Create an account
2. Refer friends
3. Earn 25% of their trading fees
4. Everyone you invite gets a 5% discount on fees
Learn more 🔽
📘 blog.synthetix.io/referrals-…
3
15
82
5,608
ETH as margin is now live on Synthetix ⚔️
Kickstart a virtuous flywheel with ETH collateral:
🔹 Use $ETH to trade ETH on Ethereum
🔹 Execute seamless basis trades
🔹 Drives real revenue on Mainnet
🔹 No bridge or deposit risk
Synthetix. Every trade lives on Ethereum.
10
15
94
16,187
This week's Snaxpot draw is now complete!
🔹32 winning tickets
🔹$328 in prizes won
🔹All on Ethereum Mainnet
Every week, a $500,000 grand prize goes on the line!
Trade for your chance to win: exchange.synthetix.io
9
10
60
4,531
🔗 All winning ticket prize distributions are published & verifiable onchain: etherscan.io/tx/0x5a482f2dab…
🔎 Every draw uses @Chainlink VRF for provable randomness: etherscan.io/tx/0x0e045bf66d…
2
15
2,122
New Synthetix Improvement Proposal:
SIP-423 has been proposed to retire legacy sUSD and reform 420 Pool Staking
Summary:
SIP-423 proposes retiring legacy sUSD, restructuring the Debt Jubilee, and reforming SNX staking to establish a sustainable long-term foundation for Synthetix.
SIP-423 achieves two primary outcomes:
🔹Sunsetting of sUSD on Ethereum mainnet and Optimism. sUSD will be wound down and converted to newly minted SNX on Ethereum Mainnet
🔹Restructuring of the 420 Pool Debt Jubilee and SNX staking
Please visit the official Synthetix SIPs site at the link below to view all details concerning SIP-423, including the voting timeline and all planned changes:
🔗 sips.synthetix.io/sips/sip-4…
For all discussions & queries relating to SIP-423, please head to the official Synthetix Discord: discord.gg/synthetix
24
7
91
19,855
Synthetix is the only perp dex on Ethereum mainnet
🔹 No bridge or deposit risk
🔹 Deposit USDT or ETH as collateral
🔹 Trade with the security of Ethereum
🔹 Earn high-variance fee rewards with Snaxpot
It's time to trade on Synthetix
18
15
96
4,165
The 4th ever Snaxpot draw is now complete ⚔️
🔹117 winning tickets
🔹$948 in prizes won
🔹All on Ethereum Mainnet
Trade for your shot at winning a $500,000 grand prize: exchange.synthetix.io
6
4
55
3,364
🔗 All winning ticket prize distributions are published & verifiable onchain: etherscan.io/tx/0x92eeb18880…
🔎 Every draw uses @Chainlink VRF for provable randomness: etherscan.io/tx/0xb096066d04…
13
1,992