SNX Trade synthetic assets with 10x leverage- Perpetual Futures
Today, 21 March 2022 Synthetix Network emailed out the following notification to followers of the project:
"Perpetual Futures Launch"
"It's been almost two years in the making, but our synthetic perpetual futures have finally launched. Now anyone with access to the internet can trade synthetic assets with 10x leverage. Want to trade? Head over to Kwenta's dedicated trading UI to access the beta version."
"Benefits of Perpetual Futures:
- Leverage
- Short Exposure
- Hedging
- No expiration (unlike traditional futures)"
"Kwenta Perpetual Futures, powered by Synthetix, is the perfect trading protocol that offers low fees, deep liquidity, and complete decentralization (no sign-up required!)."
"Synthetix's perpetual futures enable a much expanded and capital-efficient trading experience by allowing leveraged longs and shorts on a large selection of assets. SNX Stakers get an additional revenue stream in a market that is untapped – no one in the perpetual futures industry has ever shared this revenue with their community."
If you are interested in the Synthetix project whether for trading in derivatives, futures, for staking or any other reason, you can gain a more detailed perspective by reading about these updates at blog dot synthetix dot io.
Full disclosure: I am long SNX since purchasing at the end of July 2021. I hold my tokens on the Celsius Network and earn 14.05% APR without the hazards of staking or trading. I am a long-term HODLer. I see SNX eclipsing its ATH (all time high set in May 2021) by the end of 2022 or early 2023. If you like this idea, read my other ideas. If you have questions about earning from HODLing, I have a referral code that will earn us both fifty dollars' worth of BTC if your transfer at least $400 worth of assets to Celsius. Just ask me.--Garry
"Perpetual Futures Launch"
"It's been almost two years in the making, but our synthetic perpetual futures have finally launched. Now anyone with access to the internet can trade synthetic assets with 10x leverage. Want to trade? Head over to Kwenta's dedicated trading UI to access the beta version."
"Benefits of Perpetual Futures:
- Leverage
- Short Exposure
- Hedging
- No expiration (unlike traditional futures)"
"Kwenta Perpetual Futures, powered by Synthetix, is the perfect trading protocol that offers low fees, deep liquidity, and complete decentralization (no sign-up required!)."
"Synthetix's perpetual futures enable a much expanded and capital-efficient trading experience by allowing leveraged longs and shorts on a large selection of assets. SNX Stakers get an additional revenue stream in a market that is untapped – no one in the perpetual futures industry has ever shared this revenue with their community."
If you are interested in the Synthetix project whether for trading in derivatives, futures, for staking or any other reason, you can gain a more detailed perspective by reading about these updates at blog dot synthetix dot io.
Full disclosure: I am long SNX since purchasing at the end of July 2021. I hold my tokens on the Celsius Network and earn 14.05% APR without the hazards of staking or trading. I am a long-term HODLer. I see SNX eclipsing its ATH (all time high set in May 2021) by the end of 2022 or early 2023. If you like this idea, read my other ideas. If you have questions about earning from HODLing, I have a referral code that will earn us both fifty dollars' worth of BTC if your transfer at least $400 worth of assets to Celsius. Just ask me.--Garry
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