Synthetix announced on its X platform that its perpetual contract DEX is now officially launched on the Ethereum mainnet. This private beta test version is only open to 500 whitelisted traders, with a deposit limit of 40,000 USDT per user. Withdrawals will not be enabled initially and will be available within 7 days. The platform uses a hybrid CLOB model combining on-chain asset custody and off-chain matching to bypass mainnet latency and high gas costs. It initially supports BTC, ETH, and SOL perpetual contracts with up to 50x leverage and plans to introduce multi-collateral margin, RWA support, and an incentive program. Market making and liquidity are provided by SLP Vault, and Synthetix aims to become the first successful CLOB perp trading platform on the Ethereum mainnet. Furthermore, the official announcement states that the incentive program will launch in early Q1 2026.