Synthetix V3 is scheduled to launch on Arbitrum in multiple stages.

Derivatives liquidity protocol, Synthetix announced its upcoming roll out on Arbitrum The deployment will occur in three main phases. In the first week, the focus will be on gathering significant liquidity provider collateral in ARB, USDC, and ETH. Once the total LP collateral hits the $10-20 million mark, trading of the Perps will be ready to kick off.

In the following weeks, specifically the second and third ones, Synthetix's assets, sUSDe and USDe, will be added as collateral. Additionally, we'll introduce yield-generating collateral options from platforms like Lido, Ether.fi, and Aave. The activation of the Synthetix Perps market is being targeted for the third and fourth weeks, depending on liquidity provider scaling.

Trading bonuses are projected to begin within four to six weeks, allowing for a gradual increase in trading activity, initially with limits on open interest to keep risks in check.

This rollout marks the first of numerous phases aimed at fully integrating the Synthetix liquidity layer and bolstering the Perps V3 along with our derivatives marketplace. Ethena Starting today, June..., users who deposit ETH, ARB, and USDC will qualify for ARB LTIP rewards.

Synthetix has received a boost with 2 million ARB tokens from Arbitrum to scale the V3 and Perps V3 initiatives.

Recently, Synthetix was granted 2 million ARB tokens from Arbitrum after the LTIP proposal was approved. This funding is aimed at enhancing Synthetix V3 and Perps V3 on Arbitrum, thereby providing incentives for both traders and stakers engaged in the ecosystem.

Please keep in mind that the information presented here is not to be considered as legal, tax, investment, financial, or any other form of advice. It is vital to only invest what you are willing to lose and seek independent financial counsel should you have any uncertainties. For more information, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or advertiser. MetaversePost strives to maintain accurate and impartial reporting, however, market conditions can change without notice. Synthetix V3 Alisa, a passionate journalist at Cryptocurrencylistings, specializes in cryptocurrency, zero-knowledge proofs, investment opportunities, and the vast landscape of Web3. With a sharp eye for burgeoning trends and technologies, she offers insightful coverage to keep readers informed and engaged in the constantly changing world of digital finance.

Enso, LayerZero, and Stargate have joined forces to facilitate one of the largest liquidity migrations on Ethereum to Unichain.