Some questions about modern Synthetix...
Synthetix has changed a lot over the years. How about a description of the current state from the ground up? "What is Synthetix?". A lot of descriptions of Synthetix are stale. I think I get the gist of it (because I read the blog posts) but I still feel like it could be clearer.
- How is Synthetix keeping orders private once they settle on-chain? Privacy in a CLOB is easy to understand, but on-chain everything is public so what technical measures are being used for privacy? I haven't heard any mention of zero-knowledge proofs, but there are probably other ways to achieve privacy as well. What is Synthetix using?
- Is Synthetix going to re-add tradfi symbols such as TSLA, AAPL, and Gold? They were removed because they didn't get much volume, but now that Synthetix is using an off-chain CLOB wouldn't they essentially be free to support? It didn't seem like the tradfi symbols got much time to get discovered and prove themselves before they were removed.
- Decentralized? Contract(s) Renounced? Plans to? The 'd' in dApp stands for decentralized. A dApp with a non-renounced contract is centralized, masquerading as decentralized. It's contract data can still be manipulated by a central party.
- How is gasless trading funded? By SNX stakers or from decreased position size like Cow Swap? or some 3rd party?
Posted Dec 7, 2025, 5:04 AM UTC
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