The decentralized derivatives protocol Synthetix has officially launched its perpetual contract DEX on the Ethereum mainnet.

BlockBeats News, December 19, Decentralized derivatives protocol Synthetix announced the launch of a perpetual contract DEX on the Ethereum mainnet, adopting a hybrid CLOB model with on-chain asset custody + off-chain matching to circumvent mainnet congestion and high gas costs. The initial batch will support BTC, ETH, and SOL perpetual contracts with up to 50x leverage, and plans to introduce multi-collateral margins, RWA support, and incentive programs.

The platform is powered by the SLP Vault to provide liquidity, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.