This post is partnered with Synthetix founder Kain’s State of Synthetix post for H2.
At the start of the year, we published the Synthetix roadmap for 2020 as well as a more detailed product roadmap with upcoming updates to Synthetix.Exchange. It’s been a huge year for the project and its various contributors, and this post will outline what is planned for the rest of the year for Synthetix.Exchange and the continued transition to decentralised governance.
But before that, here are some quick summaries of what has already been accomplished in the first half of 2020.H1 releases H1 stats (accurate as of July 27, 2020) 218,905,754 sUSD in trading volume since March 2020 (i.e. since fee reclamation was introduced) 481,164 sUSD in trading fees generated in this period 19,743 total trades in this period 10,255 SNX holders 6857 SNX stakers 10,562 new Twitter followers in 2020 Approximately 5500 new Discord members in 2020 H2 product
It’s crucial to the future of the protocol that additional trading features are added as generating more trading volume will generate more fees for SNX stakers, and there are still many exciting new features for Synthetix.Exchange planned for the second half of 2020. These include the following:Limit orders (SIP-54) - Released
Limit orders is an important feature for trading on any exchange, but is far easier to implement on a centralised exchange. However, it will be a major step forward for the trading community when limit orders are added to the suite of features on Synthetix.Exchange, with infinite liquidity and zero slippage, all on a non-custodial platform. Limit order trades will be carried out through a separate, purpose-built smart contract.Synthetic futures
Synthetic futures is a major new feature that is expected to make up a majority of future Synthetix.Exchange trading volume. This will allow traders to open leveraged long or short positions on any...