Originally published on: December 12, 2024
Mass, a cryptocurrency application developer, has teamed up with Synthetix to introduce a cutting-edge mobile decentralized finance (DeFi) trading app, as reported by Cointelegraph. This app seamlessly integrates Synthetix’s leveraged perpetuals platform, offering users the opportunity to engage in onchain trading and self-custody within a centralized exchange-style app.
With the ability to trade perpetual futures with leverage of up to 25x, this app provides a unique opportunity for crypto enthusiasts. Perpetual futures, also known as “perps,” enable traders to speculate on assets without any set expiration date.
According to Synthetix, the app is designed to provide a user-friendly experience, combining the security of DeFi exchanges with the convenience of centralized platforms. Benjamin Celermajer, a core contributor at Synthetix, believes that the app’s simple onboarding process and intuitive interface will attract a broader audience, extending beyond the traditional crypto community.
Key features of the Mass mobile app include seamless logins using Apple and Google accounts, sponsored initial transactions, a crosschain gas tank, and diverse on/off-ramp options such as SEPA, ACH, and credit/debit cards.
Mass has confirmed that the app will be accessible in the United States, Europe, and Asia, catering to a global audience of DeFi enthusiasts. This collaboration represents a significant milestone in the evolution of DeFi trading, offering users a secure and user-friendly platform for engaging in leveraged perpetuals.
In addition to this exciting development, Synthetix has recently implemented a series of governance changes aimed at enhancing operational efficiency and product marketing. These efforts include the acquisition of Kwenta, a prominent perps platform, and TLX, a leveraged token trading platform.
As the DeFi landscape continues to evolve, initiatives like the Mass-Synthetix partnership are paving the way for innovative solutions that cater to the diverse needs of cryptocurrency users. Stay updated on the latest DeFi developments and financial opportunities by subscribing to our newsletter today!
