DeFi

what is going on with synthetix? is there a thread summary somewhere that highlights the recent milestones and upcoming plans?

TLDR (roadmap soon)

- Isolated V3 deployments on Arbitrum & Base, users can provide liquidity, earn fees, and trade Perps (Base Perps live, ARB soon)
- Upcoming Deployment of L1 (ETH Mainnet) Perps - allowing whale traders & protocols like Ethena (basis trade) to access composable leverage on L1
- Orderbook Perps in development, fully decentralized and open source. To be deployed on the OP Superchain.
- Synthetix Chain in active planning process, expected to be home of SNX stakers once they’re migrated from Optimism. Will be the mothership of fees, governance, and staking going forward.

Focus is on 3 areas
1. Yield on Yield, enabling users to earn with yield generating assets. On Base, this’ll include aUSDc tokens, on ARB sUSDe/USDe from Ethena.
2. Creating the best on-chain Perps trading experience
3. Supporting an ecosystem of Derivatives building on Synthetix liquidity

There’s more to share here, proper roadmap and vision doc coming to chart us into the future from Cavalier (Contributor Lead)