Synthetix: Perpetual contract DEX has been launched on Ethereum mainnet, and an incentive program will be introduced in Q1 next year.

According to Odaily, Synthetix announced on X 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 cap of 40,000 USDT per user. The withdrawal function is not enabled at launch and will be opened within 7 days.

The platform adopts a hybrid CLOB model with on-chain asset custody and off-chain order matching, aiming to bypass mainnet latency 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. Market making and liquidity are provided by the SLP Vault, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet.

In addition, the official statement noted that the incentive program will be launched in early Q1 2026.