PANews June 6 news, according to official news, Synthetix announced a full return to the Ethereum mainnet and launched a perpetual contract exchange. This move aims to address the issue of Layer 2 liquidity fragmentation - currently, the mainnet carries over 50% of the DeFi locked value, making it more suitable for institutional-grade product demands. The new platform adopts an off-chain order matching + on-chain batch settlement architecture: user funds are held on the mainnet, trades are processed by an off-chain engine, and ultimately settled on the mainnet, avoiding L2 risks; the order book model enhances liquidity and trading experience, balancing performance and decentralization. In addition, the SNX staking mechanism will be simplified, allowing users to earn rewards just by staking, with no complicated operations required; the sUSD stablecoin functionality will be restarted, dynamically managed by the treasury for issuance and destruction, becoming the core collateral asset of the exchange. This month, the first phase of the incentive program will be launched, opening the sUSD and sUSDe pre-staked contracts. Early participants can receive 500 invitation codes for testnet access and trading competitions, with a prize pool including SNX and other rewards. This return will fill the gap for high-performance perpetual contract exchanges on the mainnet and strengthen Ethereum's status as a financial hub.
