Synthetix: Has launched perpetual contract DEX on Ethereum mainnet, and will introduce incentive program in Q1 next year

Synthetix announced on the X platform that the Synthetix perpetual contract DEX is now officially live on the Ethereum mainnet.

This private beta test version is only accessible to 500 whitelisted traders, with a deposit limit of 40,000 USDT per user. The withdrawal function will not be enabled at launch and will open within 7 days. The platform uses a hybrid CLOB model with on-chain asset custody and off-chain matching to bypass mainnet delays and high gas costs.

The first batch supports BTC, ETH, and SOL perpetual contracts with up to 50x leverage, and plans to introduce multi-collateral margin, RWA support, and incentive programs. The platform is provided with market making and liquidity by SLP Vault, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet. Additionally, the official announcement states that the incentive program will be launched in early Q1 2026.