# What's new?

Perps V3 is an upgrade to the existing Synthetix Perpetuals, designed to provide enhanced functionality, reduced operational costs, and a seamless user experience.

**The new website:** [**https://trade.polynomial.finance**](https://trade.polynomial.finance/)

**Key Features:**

* **Native Cross-Margin:** Unlock the potential of your collateral by utilizing cross-margin capabilities, allowing you to diversify your trading strategies and maximize asset utilization.
* **Expanded Margin Collateral Types:** New collateral options, all added based on community demand and governed approval (eg. snxETH & snxBTC).
* **Gas Cost Efficiency:** Thanks to the new V3 infrastructure, Perps V3 offers a substantial reduction in gas fees, making trading more economical than ever.
* **Oracle Agnostic Integration:** Perps V3 supports multiple oracle solutions, enabling robust and diversified data sources for accurate market pricing.
* **Cross-Chain & Synth Teleporters:** deployment on any EVM-compatible chain, enabling cross-chain provisioning of liquidity and ensuring that synthetic assets and markets are not confined to a single blockchain.\
  Synth teleporters has **no slippage** because assets are simply burned on one chain and minted on another.
* **Permissionless Market / Asset Creation:** the creation process for Pools, Vaults, and Markets will become permissionless, allowing for greater flexibility and innovation in asset and market creation.
* **Liquidation Mechanism:** with the introduction of cross-margin there will be account liquidation rather than individual positions (be careful!). 

<table data-view="cards"><thead><tr><th data-type="content-ref"></th><th data-hidden data-card-target data-type="content-ref"></th></tr></thead><tbody><tr><td><a href="setup-rpc">setup-rpc</a></td><td><a href="setup-rpc">setup-rpc</a></td></tr><tr><td><a href="testnet-competition">testnet-competition</a></td><td><a href="broken-reference">Broken link</a></td></tr><tr><td><a href="calculations">calculations</a></td><td></td></tr></tbody></table>