Synthetix

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Frequently asked questions

How does Synthetix ensure deep liquidity and low fees?

Synthetix ensures deep liquidity and low fees through a combination of decentralized off-chain oracles and its liquidity layer. The use of off-chain oracles allows for efficient price discovery and ensures that all supported markets benefit from deep liquidity. Additionally, Synthetix Perps, which are a set of permissionless and decentralized smart contracts, offer low trading fees on a range of synthetic assets. The decentralized governance process determines and updates the wide variety of synthetic assets supported by Synthetix Perps. Integrators are also rewarded for driving volume through Synthetix Perps, further incentivizing liquidity.

How can I integrate Synthetix into my platform?

To integrate Synthetix into your platform, you can start by accessing the Synthetix documentation and developer resources. These include comprehensive guides, API references, and smart contract details. Utilizing the Synthetix contracts, you can incorporate synthetic assets and derivatives trading functionalities into your platform. For detailed instructions and support, engage with the Synthetix community on their official Discord or forums, where you can get assistance from the development team and other community developers. Additionally, consider contributing to the Synthetix codebase or collaborating on new features to enhance integration capabilities.

What are the benefits of using Synthetix Perps?

The benefits of using Synthetix Perps include deep liquidity, low trading fees, a wide variety of synthetic assets, revenue sharing for integrators, easy integration with other platforms, capital efficiency with leverage up to 50x, and support from a thriving ecosystem of integrators and related protocols. Additionally, Synthetix Perps is governed by a combination of community members, core contributors, and elected committees and councils, allowing for decentralized decision-making and protocol improvements.

What is the revenue sharing model for integrators?

The revenue sharing model for integrators of Synthetix Perps is that they are rewarded for driving volume through the platform.

What leverage options are available on Synthetix Perps?

The leverage options available on Synthetix Perps are up to 50x leverage.