The Synthetix community recently voted on a proposal to add a new asset to the Synthetix Protocol. Community members voted in favor of the proposal, and now the Forex $INR Synth is live for trading.

With the addition of this new Synth to Synthetix, it can now be traded on Kwenta, held in your wallet, and used in other decentralized applications that support it.

Listing New Synths

Synthetix provides decentralized derivatives liquidity for protocols like Kwenta. The selection process for adding new Synths to Synthetix is driven by demand, liquidity, and volatility. Chainlink must support the data feeds necessary for any proposed assets to be considered for inclusion. For more on listing requirements, take a look at SIP-211.

How To Put Your Idle sUSD To Work

There are a few steps to get started:

• Bridge assets to Optimism and then convert to sUSD (Kwenta Docs)
• Head to Kwenta
• Select ‘Exchange’ and swap sUSD for available Synths
• Happy Trading!

Risk warning:

Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Kwenta will make best efforts to choose high-quality coins, but will not be responsible for your trading losses. Thanks for your support!

Join the Kwenta Community

If you haven't already, join the Kwenta community on Discord.

To learn more about how you can acquire a DAO role as a developer, marketer, governance contributor, or professional trader, visit our Documentation.

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To trade synthetic assets and soon futures, visit Kwenta.