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+## perpetuals
+
+<br>
+
+#### [perpetual swap](https://app.laevitas.ch/altsderivs/GMX/perpetualswaps)
+
+
+* trading product first introduced in 2016 by bitmex
+* has become popular with trading volumes of over $180 mi
+* offer traders a chance to take on large positions with little money down
+* like other types of derivatives such as futures and options, perpetual swaps provide a means to speculate on the value of the assets while the contract is held
+* unlike future contracts, perpetual swaps do not have expiration dates
+
+<br>
+
+#### [synthetix](https://synthetix.io/)
+
+
+
+* one of ethereum's ecosystem's leading derivatives projects.
+* a derivative liquidity protocol that powers the creation of "synths" (synthetic assets) that can be traded in a decentralized and permissionless manner.
+* synths let traders capitalize on exposure to assets without having to directly own the assets in question.
+* some of Synthetix's most popular synths are its forex synths: sUDS and sEUR.
+* a foundational element of Synthetix is SNX staking, which is used for collateralizing the derivatives protocol and for creating deep liquidity for synths.
+* SNX stakers earn inflationary SNX rewards and a cut of sUSD fees generated by protocols that work on top of Synthetix. 
+* [kwenta perp trading platform on synthetix](https://mirror.xyz/kwenta.eth)
+    * The primary DEX in the Synthetix ecosystem.
+    * Designed to facilitate zero-slippage synth trading.
+    * it does not rely on an orderbook or liquidity pool model, but instead the DEX employs a peer-to-contract system in which synths are traded against a smart contract informed by Chainlink price feeds.
+