Synthetix, a symbolic asset offering service platform, actively re-established a strategic partnership with DWF Labs, a Web3 investment and quantitative analysis trading company, and won a project investment of US $20 million.

The market-making and optimization algorithm trading company invested $15 million worth of Synthetix original tokens-Synthetix Network Token (SNX) in March 2023, which will be collected in dollar coins (USDC). There is no doubt that the daily task of DWF Labs is to increase the liquidity of SNX tokens and make related market making through centralized and decentralized transactions.

As part of the trading, Synthetix's permanent futures trading will be integrated into DWF Labs's trading business. DWF Labs also promised to purchase $5 million worth of SNX once the Synthetix services were converged.

Synthetix users can identify a variety of real-world assets as derivatives called Synth, which give open access to a range of different assets. Users with SNX can lock tokens into the block chain and build compositions based on the corresponding value forging composition.

The user can trade the synthesizer using Synthetix's combination of collateral, and the transaction between the synthesizer gets the cost for the SNX collateral service provider.

The establishment of chain synthetic assets tracks the value of real world assets, including spot commodities such as synthetic currencies or gold, and financial derivatives such as stock market indices.

Andrey Grachev, managing partner of DWF Labs, focuses on the streamlined trading system that this strategic partnership provides in the fragmented financial sector:

By using the deep liquidity and composability of Synthetix, service platforms can now provide good trading through low slip rates to achieve innovative hedging strategies with their unique test cases. "

According to Dune Analytics, Synthetix's v2 agency had more than $400 million in permanent swaps in March 2023.

After partnering with liquidity service provider Curve Finance to build curve pools for synthetic ethernet (SEH) / ethernet (ETH), synthetic BTC (SBTC) / BTC (BTC) and synthetic dollar (sU.S.) / 3CRV, the daily price of liquidity contracts for derivatives soared in June 2022.

This strategic partnership allows users to seamlessly splice synthesizers such as Seth into ETH and see the value of SNX tokens increase by more than 100 per cent during the bear market trough in the long-term digital currency stock market.