Father of Boys, Hobby Farmer (Hops, blueberries, and apples), Swing trader/Investor in DEFI, Fantasy Footballer, Hiker, Naturalist, Beekeeper, & a Bloody Degen
It is time for a
@synthetix_io
Catch up Thread as so much has happened in the last two weeks! MUST READ
1.) On October 4th Synthetix passed SR-2 which means a Synthetix Reboot is happening!
The future for SNX - Highlights ✨
🔵SNX token redesign
🔵Operationalized SNAX Chain
🔵
Ladies/Gents: Let me present a quick rundown of how to Maximize Trading Rewards for the next 20 weeks thanks to
@synthetix_io
and
@Kwenta_io
I will break these next couple tweets into the following:
1. Synthetix Rewards
2. Kwenta Rewards
3. Ultimate Flywheel
Want a new DEFI narrative?
@synthetix_io
has 100% of their token supply UNLOCKED, is GENERATING REVENUE (around ~$30 million in fees this year alone), and the $snx token is NOW DEFLATIONARY thanks to governance
I am stacking hard anon, are you?
$snx = 💎
During the dip I loaded up on $snx and here is why:
- The
@synthetix_io
Perps product (Perps V3) is now cross chain - currently on OP & Base with Arbitrum Trading coming in DAYs
- Has 100% of their token supply UNLOCKED (no VCs dumping on you)
- is GENERATING REVENUE (around
IMO If you are not paying attention to
@synthetix_io
and the Ecosystem you are NGMI
- Perps v3 is live on
@base
now (in a limited release). Full go will be happening SOON
- $usdc collateral (no longer have to use $sUSD)
- $usdc perps margin
- $snx buyback and burn on Base ($snx
Attention
@optimismFND
Bageholders I made this new List for Overlooked Applicants having a hard time meeting Quorum!
When time allows, please explore this list when reviewing Ballots 🔴
As an
@optimismFND
Badge Holder I'm putting together a list of projects for Retroactive Public Goods Funding round 3 that are having a hard time meeting Quorum
Feel free to reply to this post or DM me your project 🍺
I plan on voting Wednesday so please get it to me soon!
As an
@optimismFND
Badge Holder I'm putting together a list of projects for Retroactive Public Goods Funding round 3 that are having a hard time meeting Quorum
Feel free to reply to this post or DM me your project 🍺
I plan on voting Wednesday so please get it to me soon!
All: I created this guide to help new entrants coming to
@Optimism
so they don’t miss out on the $OP
#Airdrop
and future distributions -
#L222
.
Keep checking back as this guide will be updated regularly! Enjoy 🍻
New
@Kwenta_io
KIP is out 🔥
Rev share is coming to $kwenta stakers in the form of weekly $USDC rewards, and puts a constant buy pressure on $SNX each week 🔥
Whatever your price target for $SNX is, multiply that by 13
When this accumulation range breaks to the upside there is no stopping it
Fundamentals are INSANE for Synthetix, and what is coming in the pipeline
🍻
Alright Spartins
This is a quick 🧵 to give you what I know about $2192
The ONE true meme coin on Optimism !
@KengLernitas
will lead Spartirs to Victory! He is the derfindor of sinfetiks!
Huge win for the Perps Markets.
Food for thought: 100% of all fees generated go back to $SNX stakers, while 30% of
@GMX_IO
fees go back to $GMX stakers 🍻
Ready to deploy some capital into a DEFI token?
$snx has 100% of their token supply UNLOCKED, is Generating REVENUE (over 30 million in fees this year alone), and the token is DEFLATIONARY
- The team has been hands down building Perps V3 (currently on Base) and just launched on
Alpha was leaked earlier at the
@synthetix_io
Community Governance Call.
A picture is worth a thousand words - The new $SNX staking UI coming soon looks awesome!! 🔥🔥🔥
I URGE ALL Anons/Spartans to read the latest
@synthetix_io
Quarterly Report!
This is a great catch up from Q4 2023
Highlights:
- Andromeda Release
- Tokenomics
- Synthetix Watcher Improvements
- OP Grant and RPGF updates
- Stats
- and much more!
We're fired up as we enter 2024. We have ambitious plans, but we can’t accomplish them alone.
Base is what it is today because of the builders all around the world who have contributed to bringing it to life. We are so excited to keep building with you.
Week 1 is in the books for
@synthetix_io
and
@Kwenta_io
$OP rewards, & the results are INCREDIBLE! 🔥
@synthetix_io
only distributed out 10k $OP this week, imagine the results when they distribute out 300k $OP out each week for weeks 4 through 20 - 30x the current rewards🔥
Ladies/Gents: Let me present a quick rundown of how to Maximize Trading Rewards for the next 20 weeks thanks to
@synthetix_io
and
@Kwenta_io
I will break these next couple tweets into the following:
1. Synthetix Rewards
2. Kwenta Rewards
3. Ultimate Flywheel
A new
@Kwenta_io
KIP is being voted on today that will distribute 100% of their fees earned from
@synthetix_io
V3 on
@base
to $kwenta Stakers on
@Optimism
The previous KIP mentioned only 80% would go to stakers, now its 100%!! 🔥
Lets dive deep into this latest release for Synthetix and what it means for $SNX stakers and traders
22 new markets are being added on the Synthetix Perps V2 contract 🔥
🧵⤵️
I am expecting some volatility soon with $snx 📈
- Market is repricing Defi 1.0 tokens (bullish)
- $snx lost major support and is now reclaiming it back (mega bullish)
- FA's are aligning with Q4/Q1 (bullish)
- Token is 100% unlocked (no VCs dumping on you)
- SNX token is
What I learned from the
@Kwenta_io
"Quanto Perps" call today:
- Quanto Perps will be built using
@synthetix_io
Perps V3
- You gain on your "uPNL" in addition to your "rpnl"
- This is NOT your current Perps Protocol "Multi collateral", this is DIFFERENT and BETTER
- This feature
If I told you all you had to do was buy $SNX and do nothing for 6 - 12 months and you would be rich.
Almost 95% of CT would not be able to have the patience to see it through.
Anon: Get away from Trading on CEXs and move to on-chain perps 🍻
My favorite is
@Kwenta_io
on Optimism powered by
@synthetix_io
perps 🔥
What's holding you back?
Total trades for
@synthetix_io
since the launch of Futures opened. This chart tells me alot - I need more exposure to $SNX.
Check it out --> (🍻
@kwenta_io
)
New markets opening soon - Gold, Silver, $APE, $AXS, $SOL, $AVAX coming soon with 10x leverage
April was an awesome month for
@synthetix_io
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:
Last week a referendum was proposed to overhaul & improve Synthetix governance, and give the protocol a clear vision for 2025. We’ve written a review of the Town Hall where this was discussed - read below for a recap of the call and the Q&A session👇
Want to know why I am extra bullish on
@synthetix_io
this week?
- For the first time ever Synthetix will have Perps on
@arbitrum
- expected to be live this week at
@Kwenta_io
- Synthetix will have LEVERAGE TRADING on Eth mainnet (expected to be live by end of month)
$snx = 💎
Massive day for
@TLX_FI
in Daily Fees
@TLX_FI
is new protocol on
@Optimism
that everyone is sleeping on that utilizes
@synthetix_io
Perps
Staking $TLX earns you 100% of protocol fees paid out in stables, currently 137% APR in a bear market & only 4m MC (20m FDV)
check it out
Lets recap all the bullish news for
@synthetix_io
from the past couple days:
1. Synthetix V3 info
2. Perps V2 keeps pumping out ATHs in volume/fees
3. Synthetix is going cross-chain
4. More Perps are being added to Perps V2
🧵👇
Looking at
@synthetix_io
Stats over the past 30d:
-$1.94 million went to $snx Stakers
- $3.2 billion in volume w/o incentives
- New Traders are still coming to
@Kwenta_io
&
@PolynomialFi
Metrics are looking great 🔥
I slurped some more spot
@VelodromeFi
here
- $velo is in Price Discovery, and has completed a nice retest of previous highs
- Weekly bullish Divergence
- Bounced off Weekly Support
- Eth/Btc and OP bouncing
Giddy up 🍻
Synthetix Weekly Update:
Key milestones from 2024 draft roadmap:
1. Scaling base volume to $20 million/day
2. Deciding on a new chain to deploy V3 and Perps to
3. Converting governance to be fully on-chain
4. Releasing L1 Perps
5. Beginning the migration of SNX from V2X
🌌 Dive into the Details of the Upcoming Andromeda Release!
🔍 Our explainer blog post offers an insight into the Andromeda Release, tentatively scheduled for December. This pivotal update will see the release of Core V3 and Perps V3, the integration of $USDC as a new collateral
Anon: Are you ready to move on from a CEX like
@binance
?
@infinex_app
is about ready to make this SUPER EASY
The Infinex Account makes it possible for every person on the planet to have a smart contract tied to their identity
#infinex13
🧵 👇
Introducing the ⚔️Infinex Account⚔️
The Infinex Account makes it possible for every person on the planet to have a smart contract tied to their identity 🪪
This will start with the way a user interacts with Infinex for the first time...
NFA but let me share some "alfa" before
@kwenta_io
trading fees get reduced due to
@synthetix_io
Perps V2 (which is a good thing) in the next 2 weeks
Right now if you have staked $kwenta and trade on Kwenta you trade for FREE plus get FREE Kwenta Tokens 🔥
🧵👇
A PERFECT match!
Coming soon on
@Kwenta_io
is Options Trading with
@lyrafinance
Both teams have been nonstop building, and we are starting to see a glimpse of their hard work
Kwenta will be a one stop DEFI TRADING HUB 🔥
$kwenta $lyra $snx 🐂
Opened up 2,000 crates and got the below!
Many weeks to go still, so make sure you deposit some collateral and start earning some crates! Pretty cool experience 🔥
Make sure you use the below code to earn an extra 15% boost in collecting crates 🍻
Let the crate opening begin 🫴
📦 📦
Craterun is your final chance to access the upcoming Patron NFT sale. Start opening crates now to win your share of Patron NFTs, mint passes, mint tickets, and more.
*GAME CHANGER IN THE ON-CHAIN PERPS SPACE*
@Kwenta_io
just announced a "Quanto Perpetuals" KIP
"Quanto Perpetuals offer traders the opportunity to use $ETH as collateral, allowing them to maintain $ETH exposure while trading other assets and effectively mitigating the
Week 13 of Trading
@synthetix_io
Perps on
@Kwenta_io
With $1243 in fees, I got over $2150 in Trading Rewards!
If you are not trading Synthetix Perps, you are missing out!
Being a $SNX staker, $Kwenta staker/trader is 🧠
For a quick rundown to maximize rewards see 👇
Attention
@GMX_IO
Traders you can now trade the $GMX perp on a
@synthetix_io
FE like
@Kwenta_io
Each week traders are awarded $kwenta and $OP
I traded $460 in fees last week, and got $1320 back for just trading on
@Kwenta_io
🔥
TRADERS ARE TRADING FOR FREE 👀
📢 Great news: 9 new perpetual markets are now available on Synthetix Perps. Some aren't available anywhere else!
Enjoy low fees, deep liquidity, and an excellent experience on perps integrators
@Kwenta_io
,
@PolynomialFi
, & more.
Check it out👇
Synthetix Weekly Recap:
- Perps V3 audit is COMPLETE
- Discussions on Perps and OI scaling on
@BuildOnBase
- $SNX inflation is ENDING!
- Recap on SIP-351:Cross Chain $SNX token transfers on Base via
@chainlink
CCIP
-
@snxambassadors
update!
Check the link for more details 👇
At what point do the numbers stop feeling real?
@synthetix_io
drove ~$600m volume today, almost entirely on a legacy v2 deployment
Starting tomorrow the new v3 deployment has fee 90% fee rebates on
@base
Plans for mainnet & arbitrum deployments soon
Starting to feel unreal
Its been a nice correction in $snx, if you are interested in adding to spot some good areas are the 0.618 and .786 fibs. They align with Weekly Support and prime fib areas
To many FA things coming to
@synthetix_io
over coming months
Will circle back to this in coming weeks🍺
One thing that pops out when I look at this on-chain Trading Volume Chart
Is that
@Kwenta_io
, powered by
@synthetix_io
Perps, is doing $430 Million in Trading Volume WITHOUT any Incentives
That says alot about what both teams are building 🔥
Attention Spartans & Degens:
@synthetix_io
just got hit with a HUGE GOVERNANCE Proposal from
@CelermajerB
that includes a 2025 Roadmap & MAJOR changes to the current DAO structure, Operations, & recommendations for SNX moving forward 🔥
🧵👇
Looking to spice things up and bring back early Spartan vibes - let's cook!
This is an important referendum for every $SNX holder - please weigh in and make sure you vote!!
Following up with all this bullish $snx Price Action
Make sure you read
@WestieCapital
@blockworksres
Deep Dive into
@synthetix_io
Synthetix V3 and V3 Perps are going to take DEFI to the next level 🍻
Week 4 of trading
@synthetix_io
Perps on
@Kwenta_io
The REWARDS are JUICY! With ~$1,247 in fees I got some Insane Trading Rewards (~$3,293) 🔥
You do the math - Why trade anywhere else?
My favorite Perps to trade this week: $gmx, $sol, $op, $arb
Worse trade: $ldo short
🍻
The crypto world is sleeping on two amazing farming programs THAT JUST STARTED
You better get in before others find out - the earlier the better 🔥
@infinex_app
and
@lyrafinance
Both are super easy to farm as well
Links in next two threads:
You SHOULD NOT be fading the $SNX Ecosystem!
Since this post all of them are UP hugely, all have new tokenomics coming out soon, & some amazing protocol changes 🔥
My kwenta profits are being rolled into spot bags that I am holding for a year 🍺
$snx $kwenta $lyra $thales
OMG this is going to be incredible!
@Kwenta_io
is my favorite place to trade Perps on-chain, and now it is going to have
#OptionsTrading
using
@lyrafinance
🔥
TRADERS PARADISE IN THE MAKING! 🔥
2023 is coming in with a BANG!
There is a new LEAP that proposes
@Kwenta_io
to host
@lyrafinance
Options Market for 6 months as a pilot program🔥
IMAGINE COMING TO ONE LOCATION TO TRADE PERPS AND OPTIONS ONCHAIN! 🔥
Read more about the details here 👇