Overview
- Access is limited to 500 whitelisted users with a 40,000 USDT deposit cap, and withdrawals are disabled at launch with activation expected in about a week.
- The initial markets include Bitcoin, Ethereum, and Solana perpetuals with leverage up to 50x.
- Trades are matched off chain and settled on Ethereum, keeping user funds on mainnet while targeting low-latency execution.
- The team calls this an early version and plans weekly market rollouts, higher limits, and added features, with a roadmap extending through 2026.
- Synthetix left mainnet in 2022 for Layer 2s due to gas costs, and the return serves as a controlled test of mainnet’s capacity for capital‑intensive DeFi.