Synthetix makes a pre-deposit to secure a whitelist on the mainnet Alpha platform, perfect for on-chain DeFi players. Synthetix, a veteran in the DeFi space, has made a comeback, launching the first Perps DEX on Ethereum's Layer 1 (L1). This platform allows users to trade perpetual contracts on the mainnet with extremely low slippage and high liquidity. Synthetix launched as Havven in 2018, initially focusing on stablecoins. Later, they discovered a larger market: derivatives. Previously, perpetual swaps were popular on the OP and Base chains for their speed and low fees. This return to the Ethereum mainnet builds on these advantages with the launch of the new Perps DEX (a perpetual swap platform). The mainnet Perps DEX offers a wider range of collateral options, including USDT, sUSDe, cbBTC, wstETH, or ETH, with up to 100x leverage. Risk and reward are always proportional, so don't go that high unless you're incredibly skilled and daring. Perps DEXs prioritize privacy, with transaction data not fully public, creating a more traditional financial experience. Platform liquidity is provided by the community, and both returns and risks are shared. Synthetix has implemented Perps on the mainnet, offering enhanced security and peace of mind for large deposits, unlike some other chains that frequently experience large thefts. Depositing sUSD on the platform now will hopefully earn you early Alpha whitelisting. Alpha users can trade, test, and explore new features before the mainnet launch, experience Synthetix mainnet perpetual trading first, enjoy various early user benefits, and automatically receive the highest VIP tier. Participation link:
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