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The Race To Synthetix Mainnet

3 weeks ago
in DeFi
Reading Time: 3 mins read
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Be the primary to expertise the way forward for perps

Synthetix is launching the primary perp alternate on Ethereum Mainnet, and pre-deposits are actually reside. That is your likelihood to earn a spot on the Synthetix Mainnet alpha whitelist and be among the many first to commerce and earn Synthetix Factors. Every week, 60 depositors will achieve early entry to the Synthetix Mainnet alpha. Discover out how one can be among the many first.

Deposit Early, Get Rewarded

Pre-deposits mean you can commit sUSD or sUSDe forward of the Synthetix Mainnet launch.

sUSD is used to fund the SLP vault, a protocol-operated liquidity pool that gives liquidity throughout all listed perp markets. Early sUSD depositors might select emigrate to the SLP vault at launch.sUSDe is used as buying and selling margin on Synthetix Mainnet perps. sUSDe depositors can select emigrate their sUSDe deposits to buying and selling margin as quickly as they’re granted alpha entry.

Your whole deposit determines your place on the leaderboard. Every week, the highest depositors obtain assured whitelist entry, and 10 extra spots are awarded by a lottery for depositors who’ve dedicated not less than $1,000. All pre-depositors will start incomes Synthetix Factors, which is able to seem as soon as the alpha launches. The extra you deposit, the extra factors you’ll obtain.

Earn Whitelist Entry

Whitelist entry is granted weekly to a brand new cohort of customers:

Prime 30 sUSD depositors on the leaderboard every week obtain accessTop 20 sUSDe depositors on the leaderboard every week will obtain entry.10 extra addresses are randomly chosen from wallets that deposited not less than $1,000 throughout that week

In case you earn entry, both by the leaderboard or the lottery, you keep it so long as your deposit stays in place. Any withdrawal removes your eligibility and forfeits your entry. The leaderboard updates in actual time and displays the present weekly rankings.

Win the Alpha Lottery

Every Wednesday at 00:00 UTC, 10 wallets with a $1,000 minimal deposit are chosen for alpha entry. All eligible wallets are mechanically entered every week. Every weekly lottery offers entry to 10 contemporary wallets, and your entry is retained so long as your deposit stays.

Be part of us within the Synthetix Discord every Wednesday as we livestream the winners.

Much more advantages

Pre-depositing isn’t nearly getting in early. It’s the one strategy to safe a spot on the whitelist and entry to all the advantages of buying and selling throughout alpha:

Unique Alpha Entry: Get entry to Synthetix Mainnet perp buying and selling earlier than anybody else. Whitelisted customers would be the first to check, commerce, and discover options forward of full launch.Earn Factors: You may be the primary to earn factors from early deposits, and by buying and selling or staking on Synthetix Mainnet.Convert Factors to SNX: Factors earned throughout alpha are redeemable for SNX tokens. The extra factors you earn, the bigger your SNX reward on the finish of the season.Safe Prime VIP Tier for 3 Months: All alpha merchants begin within the highest VIP tier, unlocking decrease charges and premium perks. Early entry provides you a value benefit and a long-term edge.

Methods to Take part

Go to predeposit.synthetix.ioConnect your pockets and change to Ethereum MainnetIf you don’t have already got sUSD or sUSDe, purchase it utilizing your most popular DEX aggregator like LlamaswapChoose your deposit asset, enter the quantity, and click on DepositTrack your rank on the leaderboard, and are available again every Wednesday at 00:00 UTC to see when you’ve earned a spot on the whitelist

It’s that straightforward. Deposit at present to safe your spot on the whitelist and be a part of Synthetix’s return dwelling to Ethereum Mainnet. Whether or not you’re right here to commerce, present liquidity, or earn early rewards, the trail begins with a single deposit.

Early entry begins now, however that is just the start. Be part of the Synthetix group as we construct the following era of perps infrastructure on Ethereum Mainnet.

Be part of the dialog: discord.gg/synthetixSubscribe to Telegram: t.me/+v80TVt0BJN80Y2YxFollow on X: x.com/synthetix_io



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Tags: MainnetRaceSynthetix
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