In this episode of the DeFi Download, Piers Ridyard speaks with Noah Litvin, a Core Contributor at Synthetix. They talk about Synthetix's vision of revolutionizing derivatives trading in the crypto space by providing innovative solutions.
Summary
Synthetix tackles the challenge of trading derivatives in a crypto-native way, expanding beyond spot trading. Picture it as the derivative equivalent of Uniswap. Synthetix stands as one of the original crypto projects since 2018, playing a pivotal role in the early days of DeFi. It pioneered functionalities that are now commonplace in crypto and pushed the boundaries of what was achievable on public ledgers at the time.
Noah Litvin has been actively working with the project for some time. He is currently a Core Contributor at Synthetix, having started as a community member and gradually progressed to become more involved.
Noah and Piers explore the evolution of Synthetix, from its origin as Haven to Synthetix v3 and perpetual futures. They cover the challenges earlier versions of Synthetix encountered and the notable enhancements of v3. They also discuss Synthetix's future, its deployment on Base, and cross-chain interoperability.
Key takeaways
Chapters
01:39 — Noah's journey with Synthetix
03:07 — A basic orientation on Synthetix
04:45 — Tokenized derivatives trading obstacles
08:53 — Improvements in Synthetix v3
10:43 — Perpetuals in DeFi
13:02 — Synthetix V3 user acquisition
18:19 — Synthetix perpetuals vs. competitors
19:44 — Why Synthetix deployed on Base
21:08 — Synthetix's Base vs. Optimism experience
21:50 — Coinbase's role in driving adoption
23:34 — Next steps for Synthetix v3 and project
24:37 — Stability, liquidity, and scalability
27:05 — Synthetix liquidity and TVL
28:05 — Synthetix's liquidity-protocol-first approach
30:19 — Leveraging collateral diversity
33:22 — Learn more about Synthetix
Further resources