{"id":18180,"date":"2024-04-22T14:04:32","date_gmt":"2024-04-22T14:04:32","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=18180"},"modified":"2024-04-22T14:05:59","modified_gmt":"2024-04-22T14:05:59","slug":"synthetix-launches-12-new-perpetual-futures","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/synthetix-launches-12-new-perpetual-futures\/","title":{"rendered":"Synthetix Launches 12 New Perpetual Futures"},"content":{"rendered":"<p>Synthetix is excited to expand its cryptocurrency derivatives offerings by launching twelve new perpetual futures markets on its Base platform. The markets now feature high-profile digital assets such as Optimism (OP), Ethena (ENA), Avalanche (AVAX), BNB (BNB), Thorchain (RUNE), Polygon (MATIC), Arbitrum (ARB), <a href=\"https:\/\/coinengineer.net\/blog\/bonk-rises-5-price-analysis\/\">Bonk<\/a> (BONK), Doge (DOGE), Fantom , Pepe (PEPE), and Ordi (ORDI). Approvals for these markets came through SIP-373 and SIP-376, with detailed trading parameters set forth in SCCP-323.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/synthetix-launches-12-new-perpetual-futures\/#Access_New_Perpetual_Futures_on_Synthetix_Directly\" title=\"Access New Perpetual Futures on Synthetix Directly\">Access New Perpetual Futures on Synthetix Directly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/synthetix-launches-12-new-perpetual-futures\/#Understand_the_Risks_Before_Providing_Liquidity\" title=\"Understand the Risks Before Providing Liquidity\">Understand the Risks Before Providing Liquidity<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Access_New_Perpetual_Futures_on_Synthetix_Directly\"><\/span>Access New Perpetual Futures on Synthetix Directly<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Exclusively on Synthetix Perps on Base, traders can access these markets directly through integrations with platforms like Kwenta. This allows for seamless trading experiences across a variety of digital assets.<\/p>\n<p>Synthetix has outlined specific market parameters such as initial margin ratios, fees, and maximum market sizes in SCCP-323. Liquidity providers play a critical role, earning part of the protocol fees and enhancing liquidity to support larger trades and greater open interest.<\/p>\n<p>Liquidity providers who join the new Spartan Council Pool not only earn trading fees but also receive SNX\/USDC rewards, boosting their potential earnings. This incentive aims to increase liquidity, thereby raising trading volumes and paving the way for more markets on Synthetix Perps.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Understand_the_Risks_Before_Providing_Liquidity\"><\/span>Understand the Risks Before Providing Liquidity<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Engaging as a liquidity provider involves certain risks, including potential losses from market imbalances and exposure to smart contract vulnerabilities or collateral (USDC) depegging scenarios. Providers should thoroughly research and consider their capacity to bear such risks before participating.<\/p>\n<p>For more detailed steps and information, you can check out the full guide on their official page: <a href=\"https:\/\/docs.synthetix.io\/v\/v3\/for-liquidity-providers\/base-lp-guide?ref=blog.synthetix.io\" target=\"_new\" rel=\"noopener\">Synthetix Docs &#8211; Base LP Guide<\/a>.<\/p>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Synthetix is excited to expand its cryptocurrency derivatives offerings by launching twelve new perpetual futures markets on its Base platform. The markets now feature high-profile digital assets such as Optimism (OP), Ethena (ENA), Avalanche (AVAX), BNB (BNB), Thorchain (RUNE), Polygon (MATIC), Arbitrum (ARB), Bonk (BONK), Doge (DOGE), Fantom , Pepe (PEPE), and Ordi (ORDI). Approvals<\/p>\n","protected":false},"author":1,"featured_media":18181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[5503,5506,5504,5505,5502],"class_list":["post-18180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-cryptocurrencyderivatives","tag-cryptofuturesexpansion","tag-decentralizedtrading","tag-liquidityproviders","tag-synthetixperps"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Synthetix Launches 12 New Perpetual Futures - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Synthetix is excited to expand its cryptocurrency derivatives offerings by launching twelve new perpetual futures markets on its Base\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/synthetix-launches-12-new-perpetual-futures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Synthetix Launches 12 New Perpetual Futures - 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