Thread by @PythNetwork

Are you ready for the future of trading?

Let’s discuss the Synthetix Perps V2, now #PoweredByPyth, on @OptimismFND 🔮

A quick 🧵👇

https://twitter.com/synthetix_io/status/1601280851144101889

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In light of recent events, decentralized smart contracts are more important than ever

However, DeFi apps need to match the performance of the legacy world, if not outpace it

Synthetix Perps on Optimism is a great way to engage in #DeFi while enjoying #CeFi-like benefits

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For Synthetix Perps to take over the world, they would need features like:

1️⃣ Unconstrained open interest limits
2️⃣ Broader asset compatibility
3️⃣ Low fees

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To achieve these features, the Synthetix community focused on core upgrades such as:

1️⃣ Off-chain oracles
2️⃣ Funding Rate adjustments
3️⃣ Premium / Discount function

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We’re excited to become part of the Synthetix journey. Pyth will empower @synthetix_io with its fast, off-chain oracle 🔮

Pyth’s On-Demand Update Model enables anyone to permissionlessly read Pyth prices off-chain and submit it to the smart contract when needed

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This design provides 2 main benefits for the SNX ecosystem and traders:

1️⃣ Shrinking oracle feed latency to the minimum
2️⃣ Reducing the fees charged

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The Pyth network is proud to empower one of the leading and preeminent DeFi players in the ecosystem

We look forward to seeing Synthetix expanding further and leveraging Pyth’s 150+ price feeds

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Join the revolution:

🫂 Synthetix Discord:
discord.com/invite/AEdUHzt

🫂 Pyth Discord:
discord.gg/invite/PythNet…

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Are you looking to supercharge your application with low-latency, high-quality financial data?

Integrating with #Pyth data is seamless and easy!

Read the docs:
docs.pyth.network