According to Synthetix, a private beta on Ethereum mainnet will allow 500 whitelisted traders to access BTC, ETH, and SOL perpetual contracts with up to 50x leverage.
Synthetix announced the private beta launch of its perpetual contracts decentralized exchange on Ethereum mainnet. The beta is limited to 500 whitelisted traders, with a $40,000 USDT deposit cap per participant and a seven-day withdrawal delay. The platform employs a hybrid centralized limit order book (CLOB) model, initially supporting BTC, ETH, and SOL perpetual contracts with up to 50x leverage. This marks the initial phase of Synthetix’s rollout, focusing on controlled access and risk management while offering high-leverage crypto derivatives trading.