Today we're launching EthSystems.
We build confidential systems for institutional Ethereum.
Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.
We were the Ethereum Foundation's Institutional Privacy Task Force (IPTF) for the past year. We had hundreds of conversations with central banks, regulators, tier-one banks, and asset managers, shipping open source work the whole time.
Wall Street has found crypto as an asset class, but not yet as commercial infrastructure. Institutions want to run real flows on Ethereum: stablecoins, tokenized assets, settlement. These are businesses with billions of dollars on the line, and no bank will operate in full public view. On a public ledger, confidentiality is the hard part: each party to a transaction should see what it has a right to see, and nothing more.
We have a year of proof of work: private bonds, confidential stablecoin transfers, private settlement across chains, the Ethereum Privacy Map, and more. All with protocol specs and security properties, at our website.
We've spent a decade working on privacy in crypto. We know there's no silver bullet. Different use cases need different systems, each designed, specified, and hardened properly, and someone has to do that work. That's why EthSystems exists.
We're an independent, for-profit company, backed by long-term Ethereum-aligned investors. This is a decade-long transition, and we aren't going anywhere.
If you're an institution that wants to build on Ethereum, talk to us. We're hiring: BD in New York, protocol engineers, ops: [email protected]
Synthetix has now surpassed $2.3 billion in total volume.
🔹 $3.79M current OI
🔹 $8M total deposits
🔹 $6.74M total liquidations cleared via SLP
The sun rises on Ethereum Mainnet perps ⚔️
The Ethereum L1 hosts the largest pool of DeFi & stablecoin liquidity in crypto
Synthetix is the perp DEX of Ethereum Mainnet:
🔹CEX-like execution
🔹On-chain settlement
🔹No security tradeoff
🔹Native $ETH Margin
Trade perps on Ethereum now ⚔️
Synthetix lives on @ethereum
🔹Mainnet is where all Synthetix user assets are custodied & where every trade settles
🔹Execute ETH basis trades with unified cross-margin natively on the L1
🔹Integrate perps seamlessly into your DeFi strategy
Return to the L1.
Referrals are now live on Synthetix ⚔️
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 🔽
📘 https://t.co/i1ttM2H1Eu
Synthetix is the only perp dex on Ethereum mainnet
🔹 No bridge or deposit risk
🔹 Deposit USDT or ETH as collateral
🔹 Trade with the security of Ethereum
🔹 Earn high-variance fee rewards with Snaxpot
It's time to trade on Synthetix
Introducing ETH as Margin on Synthetix ⚔️
For the first time in the history of @ethereum, you can now use ETH as native collateral for trading perps on Ethereum Mainnet:
🔹 Trade without selling $ETH
🔹 Zero bridge risk
🔹 Seamless basis trades
🔹 Capital efficient margin
Synthetix 🤝 @Chainlink
Synthetix leverages Chainlink VRF V 2.5 for cryptographically secure & transparent onchain randomness for drawing Snaxpot tickets.
This ensures our rewards program, including our $500k top prize, is always provably fair & verifiable.
Synthetix 🤝 @Coinmetrics
Since day one of launch we've partnered with CoinMetrics as our institutional data provider
CoinMetrics provides Synthetix with robust, transparent & independent crypto pricing services
For years, @Ethereum has been running while missing a core foundation: perpetual futures.
Synthetix has now built that foundation: a performant perp DEX on the L1.
While everyone fought over which L2 was the cheapest, Mainnet got good. Really good.
Here's what's changed 🧵⬇️
Introducing Snaxpot ⚔️
🔹$500,000 initial jackpot prize
🔹Trade on Synthetix to earn Snaxpot tickets
🔹Fully transparent on-chain verifiable prize system
Trade a little, win a lot.
Launching very, very soon...