Synthetix

@synthetix

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📊 Synthetix Perps Data (May 20 - May 27) - Total Volume: $1.44B (OP: $1.24B, Base: $203M) - Avg Daily Vol: $205.9M (OP: $176.9M, Base: $29M) - Lifetime Vol: $57.4B (OP: $55.97B, Base: $1.43B) - Lifetime Fees: $42.6M (OP: $42.15M, Base: $483.4K) @Optimism & @base

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Synthetix Perps Fee Rebates: Epoch One is live on @base! - May 22nd - May 29th, 8pm UTC - 50,000 SNX in Epoch One - 90% of fees rebated first-come, first-served Weekly epochs with a total of 500k SNX allocated. Check out Kwenta to trade & visit the next tweet for more info.

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Get ready: Synthetix Perps trading fee rebates on @base start tomorrow. Receive 90% of your fees back in SNX weekly, up to 50k SNX first come first serve. The first epoch runs from May 22nd, 8pm UTC, to May 29th, 8pm UTC. Rewards will be distributed for epoch one on May 29th.

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📊 Synthetix Perps Data (May 13th - May 20th) - Total Volume: $923.2M (OP: $636M, Base: $287.2M) - Avg Daily Vol: $131.9M (OP: $90.9M, Base: $41.0M) - Lifetime Vol: $56.0B (OP: $54.7B, Base: $1.23B) - Lifetime Fees: $42.0M (OP: $41.6M, Base: $419.1K) Optimism & Base

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This week, Synthetix deployments on @undefined and @base burned $101,396 sUSD and 8,024 $SNX in fees through debt distribution and SNX buyback & burn process. These burned fees are distributed to LPs and SNX holders across all chains!

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Transitioning to Synthetix V3: Scaling sUSD & Migrating SNX Synthetix is undergoing a pivotal phase of the V3 rollout, introducing a new foundation and architecture for the protocol. This transition also marks a significant step towards enhancing the scalability and decentralization of the Synthetix stablecoin, sUSD.

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The Synthetix Treasury is allocating 500k SNX for fee rebates on @base. Simply trade Synthetix perpetual markets on @Kwenta_io and get 90% of your fees paid back in SNX weekly, up to the 50k SNX weekly cap. Rewards start on May 22nd, with the first distribution on May 29th

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📊 Synthetix Perps Data (May 6th - May 13th) - Total Volume: $217.6M (OP: $116M, Base: $101.6M) - Avg Daily Vol: $31.1M (OP: $16.6M, Base: $14.5M) - Lifetime Vol: $55.03B (OP: $54.1B, Base: $941.8M) - Lifetime Fees: $41.64M (OP: $41.3M, Base: $333.8K) Optimism & Base

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🚨 Synthetix Arbitrage Bot Workshop 🚨 📅 May 16th, 7 PM UTC 📍 Live on Discord Join us to learn about: - Key concepts of funding rate arbitrage - How arbitrage bots operate - Downloading and running the open-source bot yourself on Base RSVP in the next cast. 👇

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This week, Synthetix deployments on @undefined, @base, and Ethereum torched $86,763k sUSD and 5.8k $SNX in fees. Burned fees go to LPs (aka stakers) & SNX holders on all chains!

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📊 Synthetix Perps Data (April 29 - May 6) - Total Volume: $311.4M (OP: $176M, Base: $135.4M) - Avg Daily Vol: $44.5M (OP: $25.1M, Base: $19.3M) - Lifetime Vol: $54.8B (OP: $54.0B, Base: $840.2M) - Lifetime Fees: $41.6M (OP: $41.3M, Base: $302.9K) Optimism & Base

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USDC incentives on @base have increased for Synthetix V3 USDC depositors from $50,000 to $250,000 per month. Additionally, SNX incentives remain at 20,000 SNX per week. Deposit on the V3 Liquidity App: https://liquidity.synthetix.eth.limo/ Learn more: https://blog.synthetix.io/lp-usdc-snx-incentives-on-base/

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Synthetix Perps now supports 14 new perps markets on @base: $TAO $LINK $GMX $INJ $AXL $SUI $ETHFI $TIA $STX $ARKM $TON $PENDLE $GALA $BOME. Start trading now on Kwenta at https://v3.kwenta.io/

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📊 Synthetix Perps Data (April 15 - April 22nd) - Total Volume: $311.8M (OP: $209M, Base: $102.8M) - Avg Daily Vol: $44.5M (OP: $29.9M, Base: $14.7M) - Lifetime Vol: $54.2B (OP: $53.6B, Base: $615.2M) - Lifetime Fees: $41.3M (OP: $41.1M, Base: $258.8K) @base & @undefined

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Base will onboard the next million users onchain, and Synthetix Perps, the largest Perps DEX on @base & Optimism, is leading the charge. With integrators like Kwenta, Polynomial, and Infinex, Synthetix is creating a thriving derivatives ecosystem for LPs and traders. The Superchain is the future.

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This week, our deployments across @undefined, @base, and Ethereum L1 have collectively burned $565k sUSD and 6.4k $SNX in fees. Burn Breakdown: @Optimism: 446,209 sUSD Ethereum L1: 119,049 sUSD @base: 6,384 SNX Reminder: Burned fees are distributed to LPs & SNX holders.

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Synthetix Perps now supports 12 new perps markets on @base: $OP $ENA $ARB $BONK $RUNE $MATIC $AVAX $DOGE $FTM $PEPE $ORDI $BNB Start trading now on Kwenta at https://v3-alpha.kwenta.io/

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📊 Synthetix Perps Data (April 8 - April 15th) - Total Volume: $569.3M (OP: $468M, Base: $101.3M) - Avg Daily Vol: $81.3M (OP: $66.9M, Base: $14.5M) - Lifetime Vol: $53.9B (OP: $53.4B, Base: $512.4M) - Lifetime Fees: $41.2M (OP: $41.0M, Base: $180.5K) @Optimism & @base

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🔥 Another week, another fee burn! 🔥 Synthetix deployments on @undefined, @base, and L1 incinerated $268k sUSD and 3.9k $SNX in fees. @base is on fire, with SNX/USDC incentives drawing in LPs, open interest caps increasing, and many new perps markets coming soon!

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Synthetix Perps Update: Open Interest Caps Increased on @base! The open interest caps for ETH & BTC Perps have been raised to $10 million each. Trade Perps on Base - Kwenta - https://v3.kwenta.io/ - Public Access - Polynomial - https://polynomial.trade/ - Private Beta

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