Synthetix V3
Last updated
Last updated
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:
Vaults: Collateral vaults where stakers deposit various supported collateral types, such as SNX, ETH, or stablecoins.
Pools: Liquidity pools that aggregate collateral from multiple vaults and allocate it to different derivative markets.
Markets: Derivative markets that represent specific derivative products and utilize allocated liquidity for trading and risk management.
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.
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.
Migration from V2 to V3: Find out how to migrate your positions from Synthetix V2 to V3.
