Hey @synthetix community and $sUSD holders. Here is version 1 of a PEG Tracking Dashboard for you.
https://t.co/lbFVLjFIOn
Still work to do to get it to provide information you need. So feedback is welcome. Also need input from CContributors from $SNX and @infinex
The @synthetix $sUSD (un)stable coin going the wrong way again. Does anyone know when they are going to activate the new SLP Vault?
track progress on https://t.co/lbFVLjFIOn
Synthetix is going all-in on Ethereum mainnet, staking just got a massive upgrade, and perps are evolving.
Learn what's happening at Synthetix in our next Biweekly community call. You’ll want to hear this one.
📅 June 4, 22:30 UTC
🎙️ On X Spaces: https://t.co/9Qt7HyZm50
What is gigaDOT? It’s the most efficient DOT position you can hold. It's a yield-optimized DOT derivative from @hydration_net on Polkadot. Why does this matter?
Because gigaDOT turns your passive DOT into a liquid, multi-yield beast.
CEXs give you 0.5–3% yield.
🧠gigaDOT targets 18–25% APY by stacking:
- Relay Chain Rewards (14% base yield)
- Liquid Staking Derivatives (like vDOT)
- DEX Trading Fees & Incentives on Hydration
All automated. All composable.
You can use it, swap it, or exit anytime.
No lockups, no centralized risk.
🧠gigaDOT is built for yield-maxi DeFi users.
what happens when you mint gigaDOT?:
✅ Your DOT gets staked for relay chain rewards (~14%)
✅ A portion enters liquid staking (vDOT)
✅ Some get routed to Hydration DEX for trading incentives
🧠3 yield streams - 1 token - gigaDOT
But it’s not just about numbers. Let’s talk ownership.
When your DOT is on a CEX, you don’t control it, you can’t use it elsewhere. You’re trusting middlemen...
With gigaDOT, you stay in control. gigaDOT is:
✅ Non-custodial
✅ Fully on-chain
✅ Liquid and composable
✅ Native to Polkadot
No waiting for unbonding. No centralized lock-ins.
gigaDOT is the closest thing to an “all-weather” DOT yield position.
- Fully liquid
- Optimized across 3 yield engines
- Built for DeFi-native growth
- Powered by Hydration, Polkadot’s top DeFi protocol.
This is how DOT should work in 2025.
TVL growing even in bear market after collapse of eth, dot (which is our most common asset on platform) and other alts by 50%-70% in last 3 months is nothing less than giga bullish.
Love signing transactions? Neither do we.
Synthetix Accounts are live—powered by @Alchemy. Enjoy gas-free, 1-click trading with Google or email login on over 100 perps markets.
No popups. No seed phrases. No friction. Just trade. 🧵🔽
Let this sink in for a second:
You can buy $ETH today at the same price people were willing to pay back in 2017.
Back then, Ethereum was nothing more than an ICO platform.
Barely scalable.
Barely secure.
Just a dream.
Today - after 8 years of progress - with market uncertainty at its peak and Ethereum going through its own identity crisis, you can still buy $ETH at the same levels as in 2017.
Let’s quickly recap just some of the progress we had in the meantime:
- The Merge: Ethereum transitioned to Proof of Stake, slashing energy use by 99% and making the network more secure and sustainable.
- The Layer 2 Boom: Ethereum scaled modularly, with ecosystems like @base, @arbitrum, @Optimism, and more locking tens of billions in TVL.
- EIP-1559: A fee burn mechanism was introduced, giving $ETH the real potential to become a deflationary asset over time.
- DeFi Revolution: Founders like @haydenzadams, @kaiynne, and @StaniKulechov turned on-chain finance into a multibillion-dollar reality.
- NFT Explosion: Digital art, brand engagement, and digital ownership fundamentally changed forever - all starting on Ethereum.
- Institutional Adoption: The biggest asset managers in the world filed for ETH ETFs, and firms like Blackrock are building on Ethereum to bring Real World Assets (RWAs) on-chain - a multi-trillion dollar opportunity.
- Developer Growth: The EVM developer ecosystem grew from ~2,000 in 2018 to over 20,000 today.
That's just scratching the surface. I could probably go on forever but I think the message should be clear:
Even if it often gets taken for granted -even if the behavior of the Ethereum Foundation can be criticized - the amount of real progress in Ethereumland over the last decade is remarkable.
The fact that you can still buy $ETH at 2017 levels?
It’s either the market’s greatest joke - or its greatest opportunity.
One thing is clear though:
Back then, Ethereum was a fragile smart contract platform for ICOs.
Today, it’s the world's leading decentralized settlement layer and nothing will change about that.
$ETH at these levels is criminal.
I am so happy with @VALRdotcom 🍻
They are supporting more and more chains. Have very little need for cross chain bridges any more.
Hope they are looking into implementing @Optimism as well as @Polkadot in the future.