Synthetix

Synthetix Deploys First Major Perpetuals Protocol on Base Mainnet, Marking the Completion of the Synthetix V3 Upgrade

Retrieved on: 
Wednesday, January 24, 2024

Synthetix, the leading crypto derivatives markets ecosystem, has deployed V3 of its perpetuals contracts protocol on Base , becoming the first to introduce a major perpetuals product for crypto on the new Ethereum layer 2.

Key Points: 
  • Synthetix, the leading crypto derivatives markets ecosystem, has deployed V3 of its perpetuals contracts protocol on Base , becoming the first to introduce a major perpetuals product for crypto on the new Ethereum layer 2.
  • More perps projects building on Synthetix V3 will also be deploying on Base in the coming months, including a new perpetuals futures exchange launching soon, Infinex .
  • “The problem is, we're still using centralized infrastructure for most crypto transactions,” said Kain Warwick, Founder of Synthetix.
  • By building on Base, Synthetix will help bring in the next generation of novel financial instruments onchain.”

Notifi Brings Real-Time Alerts to Synthetix's Liquidity Layer, Built on Optimism and ETH Mainnet

Retrieved on: 
Thursday, November 2, 2023

This represents another significant milestone for Notifi, who have been strategically expanding into promising ecosystems, such as Optimism.

Key Points: 
  • This represents another significant milestone for Notifi, who have been strategically expanding into promising ecosystems, such as Optimism.
  • Synthetix now stands as Notifi's largest customer by Total Value Locked (TVL) and is a power player in DeFi.
  • The considerable buzz around Optimism, coupled with Synthetix's ecosystem of trading perps, DEXs, and other dApps, make them an ideal partner to enter the Optimism ecosystem.
  • - Matt, Synthetix Core Contributor
    One of Synthetix's key features is the Collateralization Ratio (C-Ratio), for which Notifi will issue real-time alerts.

Zeitgeist to Launch Revolutionary Prediction Markets Utilizing CoinDesk Indices

Retrieved on: 
Thursday, October 5, 2023

BERLIN, Oct. 5, 2023 /PRNewswire/ -- Zeitgeist, the pioneering dApp for prediction markets, is thrilled to announce its strategic collaboration with CoinDesk Indices (CDI), the leading provider of digital asset indices by AUM since 2014. With this engagement, Zeitgeist aims to bring fresh signals to prediction markets for tradeable crypto sectors.

Key Points: 
  • BERLIN, Oct. 5, 2023 /PRNewswire/ -- Zeitgeist , the pioneering dApp for prediction markets, is thrilled to announce its strategic collaboration with CoinDesk Indices (CDI), the leading provider of digital asset indices by AUM since 2014.
  • Utilizing CoinDesk Indices' expertise allows us to offer unparalleled prediction markets on one of the leading crypto index platforms in the world."
  • The company is set to run prediction markets on two prominent crypto sector indices: the CoinDesk DeFi Select Index and the CoinDesk Smart Contract Platform Select Index .
  • "We are excited to see two of our select sector indices support prediction markets at Zeitgeist," said Andy Baehr, CFA, Managing Director at CoinDesk Indices.

Chainlink CCIP Goes Live on Base

Retrieved on: 
Wednesday, September 27, 2023

SAN FRANCISCO, Sept. 27, 2023 /PRNewswire/ -- Today, the Chainlink Cross-Chain Interoperability Protocol (CCIP) is now live on Base—a fast and highly scalable layer-2 blockchain incubated by Coinbase and secured by Ethereum. Developers on Base now have access to the most secure and easy-to-use interoperability protocol for building cross-chain applications and services.

Key Points: 
  • Chainlink unlocks an easier way to build cross-chain applications and services with CCIP, a secure, reliable, and easy-to-use interoperability protocol
    SAN FRANCISCO, Sept. 27, 2023 /PRNewswire/ -- Today, the Chainlink Cross-Chain Interoperability Protocol (CCIP) is now live on Base—a fast and highly scalable layer-2 blockchain incubated by Coinbase and secured by Ethereum.
  • "With CCIP now live on Base, developers have access to the leading interoperability protocol to easily build cross-chain applications and services," said Johann Eid, Chief Business Officer at Chainlink Labs.
  • Projects including Raft , Nuon , Folks Finance , Polychain Monsters and others are already integrating Chainlink CCIP on Base.
  • In August, Chainlink Price Feeds went live on Base, giving developers on Base access to industry-standard Chainlink Data Feeds and other Web3 services.

Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

Retrieved on: 
Monday, September 25, 2023

Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

Key Points: 
  • Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
    The issuer is solely responsible for the content of this announcement.
  • Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
    London, United Kingdom | September 07, 2023 12:54 PM Eastern Daylight Time
    Bumper , a decentralised finance (DeFi) protocol, today launched its crypto options killer .
  • Until now, the methodology for calculating the price for hedging risk relied on the fifty-year-old Black-Scholes model, which has fuelled the $13 trillion options market.
  • For more information on Bumper, including their early user rewards and incentives for rival DeFi options protocol users visit bumper.fi .

Chainlink CCIP Goes Live on Arbitrum One

Retrieved on: 
Thursday, September 21, 2023

SAN FRANCISCO, Sept. 21, 2023 /PRNewswire/ -- Chainlink, the industry-standard Web3 services platform, and Arbitrum, the most widely used layer 2 scaling solution suite for Ethereum dApp development, have announced today the mainnet launch of the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One.

Key Points: 
  • CCIP provides Web3 developers with a secure, easy-to-use interface to build secure applications that can send messages, transfer tokens, and initiate actions across blockchains.
  • By combining CCIP with Arbitrum One's ecosystem, developers can use CCIP to unlock a variety of use cases, such as cross-chain tokenized assets, collateral, gaming, data storage and computation.
  • Projects including BetSwirl , Galaxis , Stafi , Raft , Polychain Monsters and others are already integrating Chainlink CCIP on Arbitrum
    "Builders and applications on Arbitrum now have access to the CCIP Network, providing a secure, reliable, and easy-to-use solution for developers," said A.J.
  • "We are excited to see the benefits it brings to those already building, or seeking to build on Arbitrum One."

Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

Retrieved on: 
Saturday, September 16, 2023

Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023

Key Points: 
  • Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
    The issuer is solely responsible for the content of this announcement.
  • Bumper’s $20m bid to undercut Deribit Crypto Options goes live on September 7, 2023
    London, United Kingdom | September 07, 2023 12:54 PM Eastern Daylight Time
    Bumper , a decentralised finance (DeFi) protocol, today launched its crypto options killer .
  • Until now, the methodology for calculating the price for hedging risk relied on the fifty-year-old Black-Scholes model, which has fuelled the $13 trillion options market.
  • For more information on Bumper, including their early user rewards and incentives for rival DeFi options protocol users visit bumper.fi .

Douro Labs Launches and Joins Pyth Network as Core Contributor

Retrieved on: 
Tuesday, August 29, 2023

Douro Labs, a software development company dedicated to advancing the Pyth Network, officially launches today and is excited to be joining the network as the latest core contributor.

Key Points: 
  • Douro Labs, a software development company dedicated to advancing the Pyth Network, officially launches today and is excited to be joining the network as the latest core contributor.
  • The Pyth Network provides low-latency, high-fidelity, and tamper-resistant price data feeds directly to blockchains through a vast network of first-party data providers.
  • “We are thrilled to welcome Douro Labs as the newest contributor to the Pyth Network,” said Marc Tillement, Director at Pyth Data Association.
  • “We look forward to seeing how the talented team behind Douro Labs will add the tooling and infrastructure needed to make the Pyth Network a go-to market data solution.”
    To join the Pyth Network and become a data provider, please get in touch at pyth.network .

Chainlink CCIP Launches on Mainnet With DeFi Leaders Synthetix and Aave as Early Adopters

Retrieved on: 
Monday, July 17, 2023

PARIS, July 17, 2023 /PRNewswire/ -- Chainlink, the industry-standard Web3 services platform, announced today that the Cross-Chain Interoperability Protocol (CCIP) has entered the Mainnet Early Access phase on the Ethereum, Optimism, Polygon and  Avalanche blockchains. Leading DeFi protocols are adopting CCIP to power cross-chain smart contracts, including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol. On July 20, CCIP will become available to all developers across five testnets: Arbitrum Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai.

Key Points: 
  • Leading DeFi protocols are adopting CCIP to power cross-chain smart contracts , including Synthetix, which is live on CCIP mainnet, as well as Aave, with BGD Labs now integrating CCIP on mainnet into the protocol.
  • BGD Labs , a Web3 development initiative, is integrating Chainlink CCIP into the Aave Protocol to future-proof its cross-chain governance system.
  • "We're excited to leverage Chainlink CCIP for secure, reliable, and scalable cross-chain communication on the next iteration of the Aave protocol.
  • Learn more about the Chainlink CCIP Mainnet Early Access launch: https://blog.chain.link/ccip-mainnet-early-access/

Immunefi Reports $265M of Funds Lost in Crypto in Q2 2023: Number of Incidents Grew 65% YoY

Retrieved on: 
Thursday, July 6, 2023

The crypto industry lost $265,481,519 in Q2 of 2023.

Key Points: 
  • The crypto industry lost $265,481,519 in Q2 of 2023.
  • The 2 major exploits of the quarter, Atomic Wallet and Fintoch, totaled $131,600,000 alone, accounting for 49.6% of all losses in Q2 2023.
  • “We have witnessed a considerable increase in rug pulls, both in terms of stolen funds and the number of incidents”, said Mitchell Amador, CEO of Immunefi.
  • Recently, Immunefi published the Crypto Losses in 2022 , a display of the volume of crypto funds lost by the crypto community due to hacks and scams in 2022, and the Crypto Losses in Q1 2023 , respectively.