Decentralized derivatives protocol Synthetix officially launches perpetual contract DEX on Ethereum mainnet
BlockBeats News, December 19, decentralized derivatives protocol Synthetix announced the launch of its perpetual contract DEX on the Ethereum mainnet, adopting a hybrid CLOB model with on-chain asset custody and off-chain matching to bypass mainnet latency and high gas costs. The first batch supports BTC, ETH, and SOL perpetual contracts, with up to 50x leverage, and plans to introduce multi-collateral margin, RWA support, and incentive programs.
The platform's market making and liquidity are provided by SLP Vault. Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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