Synthetix V3

Synthetix V3 Overview

At its core, Synthetix V3 is a decentralized liquidity provisioning protocol built on Ethereum and other EVM-compatible chains. It introduces a modular architecture and a flexible liquidity provisioning system, addressing the challenges faced by traditional onchain derivative platforms, such as liquidity sourcing and infrastructure scaling.

Key components of Synthetix V3 include:

1. Vaults: Collateral vaults where stakers deposit various supported collateral types, such as SNX, ETH, or stablecoins.

2. Pools: Liquidity pools that aggregate collateral from multiple vaults and allocate it to different derivative markets.

3. Markets: Derivative markets that represent specific derivative products and utilize allocated liquidity for trading and risk management.

4. Rewards Distributors: Smart contracts that allow pool owners to customize the distribution of rewards to stakers based on various criteria.

Synthetix V3 offers significant benefits for all participants in the ecosystem:

• Stakers can earn rewards by contributing collateral to the protocol.

• Liquidity Providers can earn a share of trading fees by supplying liquidity to high-demand markets.

• Integrators can build upon Synthetix V3's functionality to create new and innovative financial instruments.

Getting Started

To get started with Synthetix V3 and explore its features, visit the following resources:

• Staking and Liquidity Provision: Learn how to stake collateral and provide liquidity to earn rewards.
• Synthetix Exchange: Discover the features and benefits of the protocol's flagship perpetual futures exchange.
• Integrating with Synthetix V3: Explore how to build on top of the Synthetix V3 infrastructure and create new derivative products.