Tim0x
@tim0x
82 Following
11 Followers
Casts
Casts + replies
Tim0x
@tim0x
Considering the actors of protocol enables the protocol to drive attention to the "possible incentives that can be given to them". Talking about incentives and talking about actors of platform/protocol. These actors are users contributing to the success of the protocol and the incentives as a tool to retain. Here's how @synthetix decides to incentivize traders:
2 replies
0 recast
0 reaction
Tim0x
@tim0x
Synthetix protocol deploys its V3 components on the Arbitrum network. Here's what you should know about this: Before delving into the utilities and leveraging this brings to the protocol itself and the derivatives market you should also see yourself as a key actor in this protocol if you belong to any of these categories: 1. YOU as a liquidity provider (I'll use LPs while you read on). 2. YOU as a trader. Notwithstanding belonging to any of these categories having an understanding of what @synthetix is crucial: Synthetix protocol is a liquidity layer that provides liquidity for various defi platforms integrated with it such as @kwenta.eth (Kwenta), and Toros. Before V3 deployment on Arbitrum, Synthetix served as a liquidity pipeline to Optimism and Ethereum then with the V2x phase. What does the V3 phase entail?
1 reply
0 recast
1 reaction