Referrals are now live on Synthetix βοΈ
1. Create an account
2. Refer friends
3. Earn 25% of their trading fees
4. Everyone you invite gets a 5% discount on fees
Learn more π½
π https://t.co/i1ttM2H1Eu
Introducing Snaxpot: Trade a Little, Win a Lot βοΈ
Snaxpot is a weekly rewards program that gives back to traders on Synthetix Perps.
Trade on Synthetix now for your chance to win a $500,000 prize pool.
Here's how it works π§΅β¬οΈ
Synthetix is officially open to the public βοΈ
Welcome to the next phase:
πΉ More markets
πΉ Deeper liquidity
πΉ Trader incentives
πΉ More order types
πΉ Multi collateral margin
πΉ Social trading competitions
πΉ All on Ethereum Mainnet
βοΈ Season 2 of @synthetix Mainnet Comp is soon! π
I was hesitant to join Season 1 knowing a 30-day contest would warrant day trading with high leverage, which is absolutely the opposite of how I invest/trade. Even with fake money.
It turned out to be the most fun I've had all year. Ironically my real portfolio was getting murdered by the markets all during this. I wouldn't say the competition reinforced any good habits for most of us π, but it's funny how much you can care when competing for those top 10 spots rewarding real substantial amounts (top prize = $1M).
It has also prompted me to want to trade Synthetix perps once they're fully live on Ethereum Mainnet.
For Season 1, there were only 100 invite spots for but for Season 2, anyone can join before kicking off Dec 1st!
+ 1,000 traders
+ Over $1m in prizes (500k USDC and 680k SNX)
+ 50 winners
+ 30 markets
+ 2 weeks of trading
+ 200-invite-only spots for top traders
+ 800 top sUSD depositors with a minimum deposit of 10,000 sUSD will earn a place in Season 2 of the trading competition. (Entries close on Nov 30 - 23:59 UTC.)
+ The sUSD depositors must maintain their deposit balance in the vault for the duration of the trading competition.
It should be even more entertaining to see what wild moves are made with just 2 weeks to trade!
Clearly, the markets have been brutal and for that reason, I almost thought to pay less attention in S1 thinking "i got enough real issues to worry about in my portfolio" but in the end, it was very fun. And oddly helpful to remind myself why I don't trade like this with real money, basically affirm why I only buy/sell a few times each year.
Congrats to @gmoneyNFT for making the most epic comeback to win Season 1 in the end!
I hope to be back for Season 2 π
Learn more about the competition here: https://t.co/4uTuBKUxbn
Join the @synthetix Mainnet Competition here: https://t.co/wlM1sEXzjj
if you would like to increase your chance of entry into Season 2 of the trading competition
intern would strongly suggest generating a share card, tagging @synthetix and asking to be let in π
https://t.co/4dnF4SCloe
creative/funny requests will receive privileged treatment
PSA: The @synthetix Mainnet Trading Competition is live ON ETHEREUM MAINNET with REAL DOLLARS being used as margin collateral
π₯ Synthetix is officially Ethereum's perp dex π₯
The ticker is $SNX
The dump cleaned house... CEXs broke, liquidations went wild⦠But on-chain perps? Smooth.
Synthetix just proved why L1 defi matters. They are bringing perp dex back to ETH Mainnet.
SNX is up 80% since the lows, and the new team is shipping faster than ever on ETH Mainet
Feels like the comeback is only getting started
Don't get shaken out by market manipulation
This was just a great setup and opportunity to reposition accordingly @synthetix