Synthetix is targeting a Q4 launch for the V3 version of its decentralized perpetual futures exchange and its newly decentralized perpetual contracts exchange front-end, Infinex, said Synthetix founder Kain Warwick.
Infinex will focus on making it easy for users to access decentralized perpetual trading, the team said. It aims to provide a better user experience compared to other decentralized exchanges, primarily by eliminating the need to sign a blockchain transaction for each transaction.
Initially, Infinex will only offer perpetual trading services. Still, Warwick acknowledged that the exchanges that have dominated every crypto cycle have typically offered multiple trading products in one place. He adds, "Having just perps is not going to be enough, there's no question. But I think, given where the market is now, launching with perps and really getting that right will be sufficient to bring some traders across. And then once you've got that foothold, then you can work out how you expand from there."
On the regulatory front, Synthetix said it won't be implementing user restrictions on the front end like other decentralized exchanges like Uniswap, dYdX, and 1inch.
Related: Synthetix to Launch New Perpetuals DEX Infinex, Eliminating the need to Sign Each Transaction