Synthetix Community Call

JUN

04

Event date

Wednesday 04 June 2025, UTC

Event description

Synthetix, a leader in decentralized synthetic assets, is holding its next community call on X Spaces (link: https://t.co/9Qt7HyZm50). The agenda includes their strategic shift to Ethereum mainnet, a major staking overhaul dubbed "Simple Staking," and advancements in perpetual futures (perps). These calls are a cornerstone of Synthetix’s governance model, empowering SNX holders to shape the protocol’s future through transparent discussions [Synthetix Blog, 2021]. Expect insights into how these updates aim to boost liquidity, reduce fees, and enhance user experience for traders and stakers alike.

Recent News

Just days ago, Synthetix and Derive shelved a $27M token swap deal after community pushback, highlighting the power of decentralized governance. Critics argued Derive was undervalued, showing Synthetix’s commitment to fair community-driven decisions [Cryptonews, 2025-05-26]. Earlier this year, Synthetix expanded its perps offerings by launching 12 new markets on Base, including assets like OP, AVAX, and DOGE, reinforcing its position in DeFi trading [Synthetix Blog, 2024-04-17].

Future Plans

Synthetix is focused on scaling its perps ecosystem, aiming for deeper liquidity and up to 50x leverage for traders. The Simple Staking release is set to streamline SNX staking, potentially lowering gas costs and improving accessibility for smaller holders, a nod to past initiatives like SIP-60 [Synthetix Blog, 2021]. Upcoming governance proposals may also address sUSD’s peg stability, which recently dipped to $0.68 before recovering to $0.77 [Cryptonews, 2025-05-26].

Onchain Data

While specific staking metrics for 2025 aren’t available, historical data shows Synthetix’s growth: in 2021, transactions peaked at 930 in a 7-day period, 34x higher than the year’s start [Medium, 2021-12-13]. Current Etherscan data for SNX could provide further insights, but staking activity is expected to surge post-upgrade.

Community Sentiment

X reactions are buzzing with anticipation. Users like @medicmatt203 are excited, saying, “Can’t wait to hear what you guys are cooking” while others share positive vibes, tagging influencers for their takes [X, 2025-05-28]. The sentiment leans optimistic, though some discuss sUSD’s volatility as a concern.

Why It Matters

This call could signal a turning point for Synthetix, potentially boosting SNX adoption and DeFi trading volume. With Ethereum mainnet’s stability and staking upgrades, Synthetix is poised to attract more users, but sUSD’s peg issues may pose short-term risks. Stay informed!

Risk Disclaimer: Volatility in sUSD and market conditions may impact staking rewards; DYOR before participating.

Synthetix Network

Bullish or Bearish?

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Synthetix Network (SNX) Events List

Synthetix Mainnet Early Vaults Launch

The Early Vaults launch introduces automated strategies like basis trading, designed to offer yield and reduce funding rate volatility for users [Synthetix Blog, 2025-02-28]. Early participants can earn Synthetix points and gain access to invite-only trading competitions, boosting engagement. This move aligns with Synthetix’s pivot to Ethereum’s high-security environment, catering to traders and protocols seeking delta-neutral positions [Synthetix Blog, 2023-12-15]. The significance? It positions Synthetix as a frontrunner in onchain perpetual futures, potentially attracting significant liquidity as Ethereum Mainnet hosts over 60% of DeFi’s total value locked [DefiLlama, 2025]. Risk disclaimer: As with any DeFi launch, monitor gas fees and market volatility.Recent NewsOver the past three months, Synthetix has made bold moves. Arbitrum’s full deprecation and Base’s upcoming shutdown by July 7, 2025, reflect a strategic consolidation [SNXweave Weekly Recap, 2025-06-18]. The acquisition of TLX and Kwenta in early 2025 transformed Synthetix into a user-focused derivatives platform, enhancing its exchange offerings [Synthetix Blog, 2025-02-28]. These developments signal a maturing protocol ready to scale.Future PlansLooking ahead, Synthetix plans to roll out Perps V3 on Mainnet, introducing advanced collateral options like USDC and targeting whales and market makers [Synthetix Blog, 2023-12-15]. The roadmap also hints at tools and incentives for migrating sUSD from Optimism, ensuring a smooth transition as the protocol goes all-in on Ethereum [SNXweave Weekly Recap, 2025-06-18]. This could solidify Synthetix’s role in DeFi’s evolution.Onchain DataExact onchain metrics for the vault launch aren’t yet available (data will emerge post-launch), but Ethereum Mainnet saw a 30% transaction volume increase in 2024, per Chainalysis, suggesting a fertile ground for Synthetix’s growth. Historical Synthetix data shows sUSD minting tied to debt registers, a key metric to watch as vaults go live [Medium, 2021-12-13].Community SentimentX sentiment is buzzing with excitement. Users like @snx_weave highlight the Mainnet focus as a “new era” [Post 1935393620762255372, 2025-06-18], while traders anticipate higher ROI potential. Some express cautious optimism about migration timelines, but overall, the vibe is positive, with influencers predicting increased adoption.Additional InsightsCompetitors like Aave and Uniswap thrive on Mainnet, and Synthetix’s move could capitalize on this trend. Users benefit from lower rollup risks and composability with Ethereum’s ecosystem. With DeFi TVL nearing $150B in 2025 [DefiLlama], this launch could draw significant capital.

Synthetix Network

July 7

Synthetix Community Call on October Mainnet Trading Event

Synthetix is hosting a Community Call on October 1, 2025, at 9:30 PM UTC. The call will focus on discussing the mainnet trading event scheduled for October. This virtual session aims to engage the community in discussing the details and expectations surrounding the upcoming trading event on the Synthetix platform. Recent News In the last few months, Synthetix has been gearing up for the launch of its first perpetual derivatives decentralized exchange (perps DEX) on Ethereum mainnet in Q4 2025. To complement this, they have announced a major $1 million trading competition to incentivize user participation and liquidity. These moves highlight Synthetix's commitment to growth and product development in the derivatives space. Future Plans The team plans to successfully launch the perps DEX and continue developing the mainnet trading event with community engagement via calls such as this one. They aim to increase trading volume and liquidity on their platform and enhance decentralized trading capabilities. Onchain Data No verifiable onchain metrics available. Community Sentiment The community shows positive engagement around the trading event and the competitive incentives. Sentiments on platforms like Twitter are hopeful and enthusiastic about the upcoming mainnet trading competition and features. Sample reactions include: "Looking forward to the mainnet launch and the trading competition!" and "This could be a game changer for Synthetix derivatives trading." Risk Disclaimer Participation in the trading event may influence the token price due to increased trading activity and liquidity changes. Investors should consider potential volatility and risks inherent in decentralized trading. Sources used https://x.com/synthetix_io/status/1971515095126814726 https://blog.synthetix.io/1m-on-the-line-synthetix-mainnet-trading-competition/

Synthetix Network

October 1

Synthetix Network

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