According to the Synthetix founder Kain Warwick (kain.eth) on social media, he listed 11 projects he is keeping an eye on, calling them "sprouts of a long winter."Layer 2 options protocol Lrya (LYRA)Layer 2 network Optimism (OP)New emerging DeFi protocol combining lending and trading AmmalgamDerivatives DeFi protocol Thales (THALES)Decentralized debt market TazzAAA grade on-chain game Illuvium (ILV)Oracle service Pyth (PYTH)Derivatives protocol dYdX (DYDX)DEX Curve (CRV)Key management infrastructure Lit ProtocolSynthetix-based DEX market Infinex

Synthetix announced on social media that Perps V3 is about to be launched, which will build on the huge success of V2. V2 brought a paradigm shift to on-chain perpetuals, focusing on risk management and introducing standard features such as dynamic funding rates and price impact. These innovations, along with deep liquidity and low fees (thanks to Pyth Network), have driven the platform's trading volume to over $30 billion, generating millions of dollars in fees for liquidity providers.