Synthetix is a decentralized trading protocol designed for perpetual futures, operating on the Ethereum Mainnet and utilizing the Optimism network for enhanced efficiency. The platform employs a unique hybrid structure that combines off-chain order matching with on-chain settlement, ensuring low latency and deep liquidity while maintaining high security and composability. Traders benefit from a performance level similar to centralized exchanges, but with the added advantages of decentralized security. This design allows for efficient execution of trades while safeguarding user custody and transaction finality on the Ethereum blockchain. Liquidity within the Synthetix ecosystem is primarily provided through the Synthetix Liquidity Provider vault. The issuance of the sUSD stablecoin is supported by staked SNX collateral, which also ensures the solvency and reliability of the liquidity provider vault. This innovative approach to trading empowers users to engage in a secure and efficient manner, making Synthetix a pivotal player in the decentralized finance landscape. The protocol’s design caters to traders looking for robust performance without sacrificing the benefits of decentralization.