The post the derivatives markets ecosystem scaleup with Arbitrum appeared on BitcoinEthereumNews.com.

The Cryptonomist interviewed Matt Losquadro and Noah Litvin, two core contributors of Synthetix— a leading derivatives markets ecosystem and liquidity layer for permissionless derivatives like perpetual futures. Synthetix recently announced the scaleup of its Arbitrum deployment plan —  expanding its V3 liquidity layer and turnkey protocol for creating perpetual futures and derivatives. This deployment marks a significant milestone in Synthetix’s multi-chain strategy, following its successful expansion into Base earlier this year. With Matt and Noah we spoke about the rising appeal of decentralized derivatives among fund managers and traders amidst new perps trading markets coming on-chain.  Synthetix has recently scaled up its Arbitrum deployment plan, expanding its V3 liquidity layer and protocol for creating perpetual futures and derivatives. Can you elaborate on the strategic significance of this move for Synthetix and the broader DeFi ecosystem? Arbitrum has proven itself to maintain a large and growing ecosystem of DeFi users and traders with the largest amount of TVL out of Ethereum L2s. Synthetix aims to provide, what we feel is the best on-chain perps mechanism and are excited to offer this product to the Arbitrum community.  Following your successful expansion into Base, what insights and lessons have you gained that will influence your approach to multi-chain deployment? How do you see this strategy shaping the future of decentralized derivatives?  The Andromeda deployment on Base was the first fully functioning deployment of Synthetix V3 and acted as a test for several new parameters and mechanism designs including accepting USDC collateral and new strategies for bootstrapping liquidity in a more capital-efficient way.  The successful deployment on Base paved the way for our deployment on Arbitrum and future deployments on the Optimism Superchain and Ethereum mainnet.  What factors are driving the rising interest in decentralized derivatives among fund managers and traders? How does Synthetix…

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Filed under: News - @ July 27, 2024 8:16 am