Hassan Maishera
On Monday, the Synthetix team announced via a blog post that it has launched scaled orders on Synthetix Perps.
A scaled order automatically generates multiple limit orders within a specified price range. It splits one large order into several smaller suborders and distributes them across that price range, rather than committing your entire order size to a single price point.
Scaled orders are most useful when you want to:
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Average your entry or exit price across a range, rather than committing at a single price point.
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Ladder into a position during uncertain market conditions, or ladder out when taking profits.
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Reduce the impact of short-term volatility and slippage on your average fill.
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Avoid revealing your total order volume to the market, as it can influence other participants and move the price against you.
Scaled orders are well-suited to both longer-term accumulation strategies and shorter-term trading in volatile markets.
Synthetix is an Ethereum-based protocol for issuing and trading synthetic assets, including cryptocurrencies, leveraged tokens, equities, and other real-world assets.
Synthetix is a decentralized perpetual futures protocol built on the Ethereum Mainnet. Synthetix Exchange uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability.
Synthetix is powered by SNX stakers (who secure the protocol and govern it), SLP depositors (who supply capital to the SLP community market-making vault), and a broader community of builders. The protocol evolved from its early “synths” model (v2) to Perps and a modular v3 architecture that supports cross-margining and multiple collateral types, with the primary focus now back on Ethereum Mainnet.
SNX, the native token of Synthetix, is down 0.7% in the last 24 hours and is trading at $0.3519 at press time.
