Kevin Waller

I retweet things I find interesting. No original content here.

[Synthetix ⚔️ @synthetix]

Synthetix Trading Competition on Ethereum Mainnet launches October 20.

🔹 $1,000,000 top prize
🔹 100 traders
🔹 The first perp DEX on Ethereum Mainnet

Let's go!

🧵⬇️

[Synthetix ⚔️ @synthetix]

Synthetix Mainnet is nearly here: the first trading event drops this October.

Who's signed up already? How can you participate? Find out more at our next Community Call:

📅 When: Oct 1 · 21:30 UTC
📍 Where: https://t.co/Y4wr8ENeBU

See you there.

[Synthetix ⚔️ @synthetix]

Ethereum Mainnet has everything a trader needs.

Everything except the one primitive that generates 78% of all crypto trading volume.

Welcome to Ethereum's missing foundation: perpetual futures.

📘https://t.co/8BQeat3NDB
🧵⬇️

[Brent Maxwell @brentjmaxwell]

A little sneak preview of what we're working on at Synthetix.

We're months in now and progress is solid. There are few things more satisfying to me than bringing talented people together to form high performance teams.

Planning each sprint and getting the work done. Adapting to surprises and taking them in stride. High quality work from the Product team and Engineering team, with people helping each other without being asked. And yes, many late nights.

The biggest change in this product development team for me is the deliberate heavy use of AI. Over the last few years I've used it with pretty crappy results, but the world is moving forward and using sensible workflows with guardrails and MCP all make it far more useful and it's helping us move faster.

The most valuable thing we've done is to be deliberate about the defining the role human judgement in the workflow.

The worst part is how to make the call as to whether you want to get the AI to rewrite for the 4th time with different context, or to just cop the loss and build it yourself.

But we're establishing protocols for this stuff so each sprint the copilot model of development is getting faster and better.

What a time to be alive!

We're well on our way to having built a fully functional decentralized exchange in <50% of the time it's ever taken others to build and launch.

[Synthetix ⚔️ @synthetix]

Synthetix Perps are now mobile 📲

[Synthetix ⚔️ @synthetix]

✅2nd acquisition
🔜Synthetix Leveraged Tokens
🔽 Learn more

[Synthetix ⚔️ @synthetix]

SNX made the cut as one of only five assets in the @Grayscale DeFi Fund 🥂

[Henez Finance @HenezFinance]

🪐 Introducing Interchain Wars

Interchain Wars is the first Chain Abstraction game built on Henez, where YOU join the blockchain battle and decide the best.

Winners take all! Let the battle begin! 🔥
https://t.co/d8iWL4lSl8

Supported by:
@arbitrum
@Scroll_ZKP
@hyperlane
@XLayerOfficial
@MantaNetwork
@Calderaxyz
@ParticleNtwrk

[MilliΞ @llamaonthebrink]

The @synthetix V3 deployment on Base is the best fully onchain trading experience in the industry.

There are literally no offchain components to the liquidity engine, yet the UX is on par with the many offchain order book perp-dexes on the market.

In the coming days the Synthetix V3 deployment on Base will reach feature-complete status with over 60 markets listed for fully onchain cross-margin trading.

Yes that's right, fully onchain cross-margin trading.

No need to worry about low liquidity scam liquidation wicks, MEV, or orderbook downtime/maintenance.

Recommend giving it a look if yall haven't already, the trading experience has really come a long way since v2 and all you need is USDC.

Check it out on @Kwenta_io or @PolynomialFi ⚔️

[Synthetix Intern ⚔️ @SNX_Exchange]

The V3 Merge release is live!

Kwenta's upgraded perps platform on Base is now integrated into the main UI along with several upgrades to create a smooth crosschain experience.

Get the details in the blog:
👉 https://t.co/G8xevc8xPu

Or an overview in the 🧵 below.

[Derivio @derivio_xyz]

Introducing Derivio Network: Ethereum's idiomatic leap beyond SVM

Today, we’re excited to unveil the next phase of Derivio.

https://t.co/fw4gTOHUUH

[Synthetix ⚔️ @synthetix]

If you're new to providing liquidity on Synthetix, understanding the incentive structure is crucial.

Here's a breakdown of the rewards for SNX, USDC, and aUSDc (coming soon) LPs.

For SNX Stakers on L1 & @Optimism:

- 0% interest sUSD loan against SNX collateral (via debt, must hedge)
- Fee burn automatically repaying the loan
- Buyback and burn reducing SNX supply

For SNX holders (non-stakers):

- Buyback and burn reducing SNX supply

For USDC LPs on @base:

- Weekly claimable perps trading fees
- USDC/SNX rewards (250k USDC monthly, 20k SNX weekly)

Upcoming - aUSDc LPs on Base (with @AaveAave):

- Weekly claimable perps trading fees
- Automatic lending returns from AAVE
- Additional incentives (USDC/SNX) subject to AAVE DAO/Synthetix TC approval

Risk Warning for LPs & Stakers: Providing liquidity carries risks. LPs may face impermanent loss due to market imbalances. Other risks include smart contract vulnerabilities and collateral (USDC) depegging. Remember to conduct thorough research and only deposit funds you can afford to lose.

[⚔️ Mojo.eth 🔴 @mastermojo83]

April was an awesome month for @synthetix Perps V3 on @base

- Over $700 million in cumulative volume 🔊
- Generated over $260,000 in fees 💸
- Over 28,000 $SNX bought back and burned FOREVER 🔥

Check it out: https://t.co/3SLd4qZ9kt

[ΔLΞXΔNDΞR @0x_____________]

.@synthetix is coming to @arbitrum

[DCinvestor @DCinvestor]

does Gary know that Uniswap literally cannot steal your money? cannot even stop their own protocol??

unlike FTX which he wanted to give safe harbor to right before it blew up???

[Kevin Waller @wingo720]

@dlbcmyb @DStv @SuperSportTV, you never fail to disappoint

[Kevin Waller @wingo720]

@SuperSportTV would help if you guys actually showed it

[ΔLΞXΔNDΞR @0x_____________]

Breaking: Synthetix perps OI caps have been raised on @base

[Messari by Blockworks @MessariCrypto]

State of @synthetix ⚔️

Key Update:
Perps V2 cooking while focus shifts to V3 on Base.

QoQ Metrics 📊
- $325mm in volume on V3 on Base 🚀
- Volume ⬇️ but above $11bn for the 4th consec Q.
- 4.3% average APY to stakers in the quarter.

Full report 🔗 https://t.co/vnsajhpMh1

[Dorgecoin CUCKED @CuckedDorgecoin]

In order to fight, you must first bridge your 2192 tokens to @base

https://t.co/ZxOykOlt7M

Bridging time varies and can take over 30 minutes, be patient and let the transfer take place.

Participants will receive a glorious prize, proportionate to their sacrifice