Hassan Maishera
Mainnet
On Monday, the Synthetix team announced via a blog post that it is launching the first perps DEX on Ethereum Mainnet. After years of experimentation across L2s, Synthetix is building a high-performance exchange on crypto's most secure settlement layer. Synthetix seeks to make Mainnet trading so intuitive that users forget it’s onchain, meeting them where they are, not where the team wishes they were.
NX tokens will be earned from points, which start accruing in Phase 0 of the campaign, beginning with sUSD and sUSDe predeposit vaults.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets. SNX, the native token of Synthetix, is up 6.7% in the last 24 hours and is trading at $0.678 at press time.
