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Home DeFi

rewrite this title Synthetix Leveraged Token Rally

Synthetix by Synthetix
January 16, 2025
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rewrite this content using a minimum of 1000 words and keep HTML tags

Simplified access to leverage on your favorite markets is getting an upgrade. Our Base V3 deployment of Synthetix Leveraged Tokens is set to go live next week on January 21st. To celebrate this milestone, we’re running a five-week rewards campaign with 150,000 USDC and 75,000 OP for traders who mint Leveraged Tokens starting January 21st. For those who can’t wait, you can mint Leveraged Tokens on our V2 Optimism deployment today. 

Over five weeks, traders can get their share of OP and USDC tokens by minting Synthetix Leveraged Tokens on either OP or Base deployments. Those using the OP deployment will receive a share of 15,000 OP per week, and those using the Base V3 deployment will receive a share of 30,000 USDC per week. The rewards received by each trader will be determined pro-rata according to their fees paid to the Synthetix Leverage protocol during each weekly period. 

Mint Synthetix Leveraged Tokens of any size during the promotional period starting January 21st at 00:00 UTC through February 25th to be eligible for OP and USDC rewards. 

Rewards earned each week will be claimable via the Rewards tab. Traders will have 28 days following the end of the program to claim their rewards.

The Leveraged Token Rally begins Tuesday, January 21st, so set your reminders and stay tuned to our announcement channels for full details and to earn your share of OP and USDC. Meanwhile, you can learn more about Synthetix Leveraged Tokens and try them for yourself at leverage.synthetix.io. 

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