Synthetix, a decentralized derivatives protocol, has officially launched its perpetual contract DEX on the Ethereum mainnet.

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On December 19th, the decentralized derivatives protocol Synthetix announced the launch of a perpetual contract DEX on the Ethereum mainnet. It adopts a hybrid CLOB model combining on-chain asset custody and off-chain matching to bypass mainnet latency and high gas costs. Initially, it supports BTC, ETH, and SOL perpetual contracts with up to 50x leverage and plans to introduce multi-collateral margin, RWA support, and incentive programs.

The platform is market-making and liquidity provided by SLP Vault, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.

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