Synthetix, a leading decentralized finance (DeFi) protocol, is set to launch its new trading frontend, Infinex, in Q4 2023 alongside Perps V3. This initiative aims to bridge the gap between decentralized and centralized exchanges by offering a seamless user experience while maintaining the core principles of decentralization.
Key Features of Infinex
- Referral Program: Earn commissions through invite links and fee rebates.
- Automated Signatures: Browser-stored key pairs enable one-click trading without manual signing.
- Governance: Retains SNX token-based governance without introducing a new token.
- Revenue Streams: Captures value via incremental fees, Synthetix Integrators Program, and SNX LP rewards.
A User Experience Rivaling Centralized Exchanges
Infinex addresses common pain points in DeFi trading:
- Simplified Onboarding: Referral links mirror CEX models, encouraging community growth.
- Streamlined Trading: Auto-signing transactions eliminates repetitive wallet confirmations.
- Transparent Funds: Unique deposit addresses (USDT/USDC/sUSD) link to publicly auditable collateral pools.
Governance and Tokenomics
- SNX-Centric Model: Stakers govern Infinex through council elections, avoiding dilution via new tokens.
- Value Accrual: Protocol fees convert to staked SNX, compounding returns as trading volume grows.
Revenue Generation Strategies
- Additional Trading Fees: Layer atop Synthetix's base charges.
- Integrator Program Fees: Partner project collaborations.
- SNX LP Profit Sharing: Stake-generated passive income.
Roadmap and Accessibility
- Current Status: Waitlist live on Infinex's official site.
- Launch Timeline: Phased testing begins Q4 2023, prioritizing early registrants.
👉 Discover how Infinex redefines DeFi trading
FAQ: Infinex Explained
Q: How does Infinex differ from Kwenta?
A: While both are Synthetix frontends, Infinex prioritizes CEX-like UX with features like referral programs and auto-signing.
Q: Will Infinex have its own token?
A: No initial plans, but SNX stakers would receive any future airdrops first.
Q: Is Infinex non-custodial?
A: Yes—users control keys via browser storage, with optional social recovery.
Q: What chains support Infinex?
A: Launching on Optimism for low-fee trading.
Q: How are fees distributed?
A: Revenue converts to staked SNX, benefiting liquidity providers and governance participants.