Synthetix v3 protocol
Overview
Synthetix v3 is a decentralized synthetic asset protocol on Ethereum that enables the creation and trading of synthetic assets (Synths) which track the value of real-world assets. It introduces a modular architecture with separate debt pools and supports perpetual futures markets as a primary use case. The protocol relies on overcollateralized debt positions held by stakers of the SNX token.
Within the DeFi Intel graph, Synthetix v3 connects to 4 tracked entities, most strongly to Ethereum, Arbitrum, Base.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
deployed_on | Arbitrum | 95% |
deployed_on | Base | 95% |
supports_token | SNX | 95% |
Frequently asked questions
What is Synthetix v3?
Synthetix v3 is the third major iteration of the Synthetix protocol, a decentralized platform for issuing synthetic assets on Ethereum. It features a modular design allowing for permissionless market creation, including perpetual futures.
How does Synthetix v3 differ from v2?
Synthetix v3 introduces modular debt pools, enabling separate risk profiles for different asset classes, and a new market system that allows third parties to create and manage perp markets without needing to mint the sUSD stablecoin.
What are the main use cases of Synthetix v3?
Primary use cases include trading synthetic assets and accessing decentralized perpetual futures markets, as well as earning fees by staking SNX to back the network's debt.
What is Synthetix v3 connected to?
In the DeFi Intel knowledge graph, Synthetix v3 is linked to 4 other tracked entities, most strongly to Ethereum, Arbitrum, Base.
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