#46 - Synthetix: Ethereum's First Perp DEX (Coming Soon) - Ben Celermajer

Ben Celermajer is the Strategy Seat at Synthetix (SNX), an OG DeFi protocol that is gearing up to release the first-ever perp DEX on Ethereum Mainnet alongside a $1,000,000 top prize trading competition...In this episode, Ben walks me through Synthetix's decision to abandon its L2 roadmap and launch a perp DEX on Ethereum Mainnet despite all of the challenges and runs me through the many lessons learned by the Synthetix team from building on the OP tech stack and other L2 ecosystems. Ben and I also discussed the details of the Synthetix Mainnet trading competition, which will feature a $1.5 million prize pool, the move to launch the Synthetix 420 Pool, controversy around the sUSD depeg, the correlation between SNX & ETH, and much more. Ben also shared some major insights on the SNX token heading into the remainder of this year and into 2026, as well as telling the story of how he first became involved in crypto.