Synthetix v1+v2

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Counts the value of all SNX staked in the 420 pool & legacy escrow contracts under staking

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Synthetix v1+v2 is published as a versioned release inside the Synthetix protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.

Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.

Synthetix v1+v2 ist eine versionierte Variante einer größeren Protokollfamilie. Öffne das übergeordnete Protokoll für den kombinierten TVL und alle Geschwister-Versionen.

Synthetix v1+v2 is a Synthetics protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Optimism, Ethereum. The codebase has been independently audited (1 report on file).

Synthetix v1+v2 operates on 2 networks (Optimism, Ethereum), keeping its surface area narrower than chain-agnostic peers. Its TVL is heavily concentrated on Optimism, which holds 71% of all assets — other deployments are comparatively small. Price discovery relies on 2 oracle providers (Chainlink, Pyth), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts.

Verified external resources for Synthetix v1+v2 — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Synthetix v1+v2 is one of 7 Synthetics protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Alchemix, Metronome Synth, Youves, and 3 more. These peer protocols collectively secure 92,3 Mio. $ in deposits, giving you a frame of reference for whether Synthetix v1+v2's own TVL is at the top, middle, or tail of the category.

Alchemix

TVL 33,4 Mio. $ · 24h -0.07%

Metronome Synth

TVL 27,3 Mio. $ · 24h +0.12%

Youves

TVL 22,9 Mio. $ · 24h +0.38%

Usual ETH0

TVL 5,6 Mio. $ · 24h -0.52%

Rumpel Labs

TVL 2,2 Mio. $ · 24h +0.54%

Outcome Finance

TVL 983.019,4 $ · 24h +0.50%