Synthetic Asset Protocol Synthetix’s decentralized asset management protocol, dHedge, announced that the first testnet trading competition has ended. The competition attracted more than 650 participants, and the first place will receive a 1500 SNX award. dHedge stated that it expects to conduct another testnet trading competition before the mainnet launch in September. The chain notes that dHedge is currently on the Ethereum testnet. dHedge will provide synthetic asset trading without custody, using Synthetix’s non-slippage and unlimited liquidity trading model, which is also the first important project based on Synthetix’s derivatives liquidity agreement. Synthetix provided 5000 SNX and 125,000 dHedge’s native governance token DHT as rewards for this competition.