Synthetix has resubmitted the Arbitrum LTIP proposal, reducing its total grant request from 4.5 million ARB to 2 million ARB. The changes are as follows:

Synthetix V3 market is about to be released to the public, and the market cap is expected to increase due to new traders.

Blockchain analyst @ai_9684xtpa monitored data showing that four hours ago, Synthetix founder Kain Warwick transferred 3.5 million LDO coins to address 0x2D9...e465B (worth $9.52 million) and then deposited them into Aave, borrowing 2.01 million USDT coins. Three years ago, Kain received 5 million tokens from Lido as a personal investor, of which 1 million have been recharged into Binance, and the remaining 4 million have not yet been sold.

Synthetix has announced the release of the Andromeda version, which marks a significant evolution for Synthetix, introducing Core V3 and Perps V3 deployment, adding USDC as a new collateral asset, and expanding to Base. This step will elevate Synthetix to a multi-chain protocol.

Synthetix core contributor Noah Litvin has released a proposal for implementing ERC-7412 batch processing, which aims to allow smart contract engineers to integrate off-chain data by simply calling functions on the oracle contract. This standard preserves the composability between smart contracts and adjusts the economic incentives between data consumers and the oracle network, while relying on transaction batch processing (i.e. atomic multi-operation, multi-call) to automatically pre-verify data from decentralized oracle networks when necessary to execute transactions.

The DeFi protocol Infinex based on Synthetix and Base has been launched on the mainnet. It is reported that Infinex perpetual contract trading aims to integrate the advantages of DeFi and Web2 to enhance user experience, with features including self-custody, no permission required, and transparency.

Derivative agreement Synthetix announced that its Synthetix Perps V3 will be launched on the Base network and will be deployed on the Ethereum mainnet in the future. Perps V3 has made significant improvements compared to Perps V2, introducing native full-margin collateral, new margin types, and NFT-based account control to enhance trading and usability.

December 7th news, decentralized derivative protocol Synthetix announced the launch of 9 new perpetual futures markets for leveraged trading on Synthetix Perps. The new perpetual markets include TRB, TIA, IMX, MEME, FET, GRT, PYTH, ANKR, and BONK. Synthetix Perps can be traded on platforms that integrate SNX liquidity and support Perps trading, such as Kwenta, Polynomial, and dHEDGE. Synthetix DAO does not provide a trading front-end, but relies on third-party protocols that face users.

According to the Synthetix founder Kain Warwick (kain.eth) on social media, he listed 11 projects he is keeping an eye on, calling them "sprouts of a long winter."Layer 2 options protocol Lrya (LYRA)Layer 2 network Optimism (OP)New emerging DeFi protocol combining lending and trading AmmalgamDerivatives DeFi protocol Thales (THALES)Decentralized debt market TazzAAA grade on-chain game Illuvium (ILV)Oracle service Pyth (PYTH)Derivatives protocol dYdX (DYDX)DEX Curve (CRV)Key management infrastructure Lit ProtocolSynthetix-based DEX market Infinex

Synthetix announced on social media that Perps V3 is about to be launched, which will build on the huge success of V2. V2 brought a paradigm shift to on-chain perpetuals, focusing on risk management and introducing standard features such as dynamic funding rates and price impact. These innovations, along with deep liquidity and low fees (thanks to Pyth Network), have driven the platform's trading volume to over $30 billion, generating millions of dollars in fees for liquidity providers.