What's new?
Overview
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
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!).
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