Synthetix is bringing the primary perps DEX to Ethereum Mainnet in This autumn 2025, launching with a landmark buying and selling competitors. We offer the capital, you make the trades. The winner will take dwelling $1m. This competitors serves as a proving floor for our expertise, infrastructure and integrators, and incorporates your suggestions to fine-tune the expertise earlier than launch.
100 of the highest merchants, pre-depositors, and historic Synthetix customers will face off in a face to face battle. The motion kicks off in October (particular date TBA) and can run for a full month, pitting merchants and neighborhood members towards one another in a battle of ability, technique, and market mastery. Learn how to qualify beneath.
For individuals who want a fast refresher, our new perps product represents a leap ahead in DeFi buying and selling. Synthetix is constructing the primary high-performance perp to settle instantly on Ethereum Mainnet, with out the necessity for bridges or intermediaries. Synthetix mainnet options quick execution, low latency, and on-chain custody that leverages Ethereum’s strong safety and liquidity. Take a look at our latest weblog publish for extra data: Synthetix is Coming Residence.
Stroll away with $1,000,000
Compete towards the highest merchants in crypto on your probability to stroll away with $1m. Prizes embody:
1st Place: $1,000,000 – And supreme bragging rights2nd – third Place: 25k SNX and 5 Infinex Patrons4th – fifth Place: 10k SNX and a pair of Infinex Patrons6th – tenth Place: 5k SNX and 1 Infinex Patron
You learn that proper – members have a ten% probability of profitable, with the first-place winner taking dwelling $1 million just by doing what they do finest and proving they’re really on the prime of the commerce recreation.
Winners can be introduced shortly after the competitors wraps up in November 2025, with prizes distributed instantly on-chain.
For depositors who don’t make it into the competitors, you’ll obtain early change advantages, e.g. excessive VIP tier at launch so long as you preserve your deposits all through the competitors.
How the Competitors Works
We have curated an elite lineup of members to make sure the best stage of competitors and insightful suggestions. The roster consists of:
50 Prime Merchants: Invite-only spots reserved for influential voices within the crypto area. These specialists will carry their buying and selling prowess and distinctive views to the forefront, amplifying the occasion’s attain and influence.30 Pre-Winners: Open to the broader neighborhood! To qualify, customers should make pre-deposits into Synthetix’s sUSD or sUSDe vaults. Winners can be chosen based mostly on deposit quantities (20 sUSD winners and 10 sUSDe winners). To stay eligible for prizes all through the competitors, depositors should preserve their pre-deposit stability within the vaults. 5 Pre-Deposit Lottery Winners: For each $1,000 of sUSD or sUSDe in Synthetix’s pre-deposit vaults, depositors will get a lottery ticket. Prime 10 Kwenta Level Holders: Kwenta level holders have been our largest merchants and supporters up to now, bringing nice quantity and sharing suggestions for the protocol. Welcome again Kwentoids/Spartans.5 Kwenta Level Holder Lottery Winners: Kwenta level holders can have the prospect to win entry by a lottery course of.
Pre-Deposit and lottery winners can be chosen October thirteenth at 00:00 UTC. Deposit now.
Every of the 100 chosen merchants can be seeded with margin collateral offered solely to be used within the buying and selling competitors. This capital can’t be withdrawn, however merchants hold any prizes they win based mostly on their remaining efficiency.
The target? Have the biggest margin stability on the finish of the buying and selling competitors. Buying and selling will deal with a curated number of perp markets, together with main crypto property like BTC, ETH, XRP, BNB, SOL, DOGE, SUI, and ENA. Count on real-time leaderboards, neighborhood updates, and even perhaps dwell streams that includes Dealer commentary to maintain the joy buzzing.
Why This Competitors Issues
At Synthetix, we’re critical about constructing cutting-edge merchandise, and stress-testing them in real-world circumstances to make sure they’re battle-ready. This buying and selling competitors is designed with a number of targets in thoughts:
Product Testing: Merchants will put our new perps to the last word take a look at, executing trades and managing positions underneath actual market circumstances. By simulating high-volume buying and selling eventualities, we’ll collect invaluable information to refine the product.Infrastructure Hardening: Earlier than our full Mainnet rollout, we have to iron out any kinks in our programs. This occasion will assist us scale our infrastructure, guaranteeing it might probably deal with the calls for of a world consumer base with out compromising on velocity or reliability.Market Maker Integrations: Our companions and market makers can have the chance to fine-tune their integrations, optimizing liquidity provision and order routing for smoother operations post-launch.SLP Neighborhood Market Making Vault Testing: A key spotlight is the combination with our SLP (Synthetix Liquidity Supplier) neighborhood market making vault. Individuals will work together with this vault, serving to us validate its efficiency in dwell buying and selling environments and fostering community-driven liquidity.
Crush the competitors and assist make Synthetix perps the gold customary for buying and selling in DeFi.
The best way to Get Concerned
Should you’re a prime dealer fascinated by an invitation, please attain out and regulate your DMs. Our group can be reaching out to pick out people within the coming weeks. For the pre-deposit slots, head over to the Synthetix app to enter, or take a look at our Discord for step-by-step directions on qualify. Deposits are actually open, act to safe your spot!
This buying and selling competitors marks a pivotal chapter for Synthetix as we totally embrace Ethereum Mainnet’s potential. Whether or not you are a seasoned dealer, a market maker, or a DeFi newcomer, that is your probability to be a part of historical past and assist carry a perp to Ethereum Mainnet.
Whether or not you are buying and selling or simply vibing, you possibly can be a part of the enjoyable by following alongside on our social channels. We’ll be sharing updates, dealer spotlights, and behind-the-scenes insights all through the occasion.
Be a part of the dialog: discord.gg/synthetixSubscribe to Telegram: t.me/+v80TVt0BJN80Y2YxFollow on X: x.com/synthetix_io
