Parifi, the newest trading platform powered by Synthetix, launches today

The newest trading platform powered by Synthetix – Parifi launches today, boasting features designed to compete with modern centralized exchanges. Parifi makes decentralized derivatives trading more accessible to users with account, chain, and gas abstraction, as well as upcoming mobile apps for Android and iOS.

Parifi, the newest trading platform powered by Synthetix, launches today, boasting features designed to compete with modern centralized exchanges.

Parifi makes decentralized derivatives trading more accessible to users with account, chain, and gas abstraction, as well as upcoming mobile apps for Android and iOS.

“We are excited to welcome Parifi to the Synthetix ecosystem. Their innovative platform offers a CEX-like trading experience with advanced features that traders will surely appreciate. With Synthetix’s modular V3 architecture, Parifi is uniquely positioned to offer traders seamless, efficient execution across chains. This integration is a significant enhancement to our perpetual trading protocol and aligns perfectly with our vision for a CEX-like trading experience in a DeFi setting.” - Danny Boahen, Co-Founder & COO at Synthetix.

How Parifi Elevates Decentralized Perpetuals Trading

Parifi’s mission is to remove friction from the user experience and make powerful DeFi trading easier for users. To this end, they’ve incorporated a range of features, such as:

Abstraction features

Chain abstraction: Traders can seamlessly access a consolidated pool of assets from multiple blockchains with minimal latency.

Account abstraction: Parifi simplifies user onboarding, removing the need for traditional private key management.

Gas abstraction: By abstracting gas fees, Parifi reduces the complexity and cost of transactions, providing a smoother experience.

Margin features

Unlimited isolated positions: Traders can open unlimited positions, each with independent risk parameters, for better flexibility and risk management.

Cross-margin positions: Traders can use their entire portfolio as collateral, eliminating the need to swap holdings for specific assets to use as margin funds.

Account funding

Native On- and Off-ramping: Funding accounts and withdrawing funds are simplified for Parifi users without extra steps from different third-party service providers. Supporting both USD and EUR, Parifi blends the convenience of large centralized exchanges with the freedom and security of a DEX.

Learn more about Parifi’s features and other world-class technology partners such as Pyth, Router, Pimlico, and Tenderly with their docs.

Expanding the Synthetix ecosystem

Synthetix is pleased to welcome our newest front-end integrator to the ecosystem. All perpetual derivatives trading on Parifi is powered by Synthetix V3 Perps on our Arbitrum deployment, contributing to our aggregate volume and LP rewards. Traders in the Synthetix community now have access to a new avenue and many new features not previously available on our existing front-ends. As Parifi grows and attracts new users with a CEX-like experience, Synthetix LPs and community members will undoubtedly benefit.

What’s next for Parifi

Today marks an important milestone for Parifi, but this is just the start. The launch sets the stage for a broader campaign, co-marketing initiatives with key partners, an exciting trading competition, and the rollout of new features. While Parifi’s interface is currently mobile-optimized, traders can also look forward to their upcoming mobile app release for Android and iOS.

Over the coming period, Parifi will gradually roll out Chain Abstraction, Cross-Margin Positions, and Native On- and Off-Ramping, further enhancing the platform’s capabilities and solidifying its position as a leader in decentralized derivatives trading.