Introducing Snaxpot: Trade a Little, Win a Lot ⚔️
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 🧵⬇️
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
@ethereum Deposit ETH, trade any market, and manage everything from a unified multicollateral margin account, without ever touching your ETH stack.
On Synthetix, every trade lives and settles on Ethereum.
Read more here:
📘 https://t.co/K97ZBBRFeu
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 will soon allow users to tap into ~$150 billion of idle ETH natively on our platform - where every trade lives & settles on Ethereum.
Hold your ETH. Trade everything.
🔗 All winning ticket prize distributions are published & verifiable onchain:
https://t.co/XUceKW31NE
🔎 Every draw uses @Chainlink VRF for provable randomness:
https://t.co/MVjz3xmjMQ
The third Snaxpot draw is complete ⚔️
🔹123 winning tickets
🔹$856 in prizes won
🔹All on Ethereum Mainnet
Trade for your shot at winning a $500,000 grand prize: https://t.co/YZdMHinS2Z
Synthetix 🤝 @FireblocksHQ
Synthetix has partnered with Fireblock's Dynamic wallet infrastructure for fast, secure & reliable onboarding to Synthetix Perps.
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
🔗 All winning ticket prize distributions are published and verifiable onchain: https://t.co/duwpHjp0rs
🔎 Every draw uses @Chainlink VRF for provable randomness: https://t.co/cDnmf6TqWn
The second-ever Snaxpot draw is complete ⚔️
🔹129 winning tickets
🔹$1,100 in prizes won
🔹All on Ethereum Mainnet
Trade for your shot at winning a $500,000 grand prize: https://t.co/YZdMHinS2Z
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...
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 🧵⬇️
8️⃣/9️⃣
As Ethereum has scaled the L1, Synthetix has risen to grow with it.
Every trade executed on Synthetix is a vote for the future of financial activity on Mainnet and the secure, composable ecosystem that thrives upon it.
Read more here:
📘 https://t.co/8BQeat3NDB