Latest Synthetix Network Token News
Today, Oct 20th, the Aspidiske release will begin. Here’s what’s included in this release: * SIP-252: Liquidation of SNX Escrow: Allows SNX entries to be liquidated in case of force liquidation Motivation for Change In the initial release of the new liquidation mechanism escrow entries couldn’t … (read more)
Automated SNX Rewards - Live on Optimism (from Gelato)
We’ve recently partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism. As of right now, the integration enables stakers to claim their weekly rewards once their C-Ratio is above the target C-Ratio (as of right now, this is 350%) The functionality to enab… (read more)
Synthetix (SNX) Price Surges 65% in Last 24 Hours Despite Catastrophe
Synthetix is a Layer-2 scaling solution that enables on-chain exposure to a broad range of crypto and non-crypto assets. Read it on. (read more)
Nominations are now open for Synthetix Councils & V3GM Election Module
Nominations for the next epoch’s Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) are now open! The epoch lasts for 3 months, from July 1st to September 1st. All elected council members will receive a monthly stipend from the Synthetix Treasury of 2,000 SNX per month. Nominati… (read more)
dHEDGE Debt Mirror Index Token - Live on Optimism
Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on Optimism. Initially, this tool was launched onto mainnet, but it is now live on Optimism. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE & Toros Fi… (read more)
Upcoming Debt Pool Synthesis
Oh, the moment you’ve all been waiting for: Debt Pool Synthesis. Both debt pools will become one on March 24th, starting between 9pm-11pm UTC. Once complete, the update will be announced as such. Once Debt Synthesis and the debt pools are merged, two key results affect stakers: 1. SNX inflationar… (read more)
Synthetix: what’s at stake?
People who are new to SNX are also new to Decentralized Finance (DeFi) and its concepts. Within this context, “Staking” is a non-trivial concept. At first glance one might think that staking SNX is… (read more)
A Guide to Synthetix Voting for New Community Members
Are you interested in doing more with your SNX than just speculate on prices and stare at charts? Those tokens represent your share of influence over the governance process, where you can apply the… (read more)
Overview of Synthetix (SNX) - Cutting Edge DeFi Trading
Here’s my quick video overview of Synthetix (SNX). It’s an exchange that uses derivatives of assets for its users to trade on-chain. This is a highly speculative and new financial technology, so tread carefully and do your research. I’m not a finan... (read more)
BTC, XRP, ZEN, SNX, WAVES, AVA - Technical Analysis September 16th
Bitcoin (BTC) has broken out from descending parallel channels. XRP (XRP) is trading above the $1.05 horizontal support area. Horizen (ZEN) is trying to break out above the $108 resistance area. Synthetix (SNX) has broken out from an ascending triang... (read more)
Synthetix Rallies as DeFi Protocol Announces Layer 2 Launch - CoinDesk
Synthetix’s move to four-week highs comes as the protocol readies to launch its long-awaited exchange powered by Optimistic Ethereum. (read more)
Synthetix Price Prediction 2021 – Will SNX Hit $30 Soon? - TheNewsCrypto
Bullish SNX price prediction ranges from $13.05 to $29.26.SNX price might also reach $30 soon.SNX bearish market price prediction for 2021 is $4.20. In Synthetix price prediction 2021, we use statisti (read more)
Bullish Altcoins: Synthetix (SNX), Axie (AXS), and EOS
According to charts and top market movers, the top 3 coins for the last 24 hours are Synthetix Network (SNX), Axie Infinity (AXS), and EOS. (read more)
Synthetix Up 26%, Leading Double-Digit Gains for DeFi Tokens - Decrypt
Decentralized finance (DeFi) tokens are seeing significant gains compared to the rest of the cryptocurrency market, led by Synthetix (SNX). (read more)
Synthetix Weekly - June 23rd 2021
Synthetix DAO Elections If you are an SNX staker don’t forget to vote in the DAO elections. Vote here. Debt Hedging Refresher for SNX Stakers The team posted a refresher on debt management for SNX stakers, check it out here. BTC Shorting Rewards Discontinued (read more)
Synthetix Weekly - April 28th 2021
Synthetix Stocks Stocks are live on Kwenta! You can now trade: sTSLA, sFB, sAAPL, sAMZN, sNFLX & sGOOG. sCOIN & sMSFT were also added in the Regor release. Full post. Incentivized FAANG Balancer Pools You can earn SNX rewards for providing liquidity to FAANG Balancer pools. (read more)
You Can Now Trade FAANG Stocks on DeFi With Synthetix
Synthetix (SNX), the increasingly popular Ethereum-based decentralized finance (DeFi) app, launched the full version of its on-chain synthetic derivatives protocol yesterday. A Long-Awaited Feature A much-awaited feature of the popular DeFi ap... (read more)
Snx token explanation (synthetics network)
Synthetic Network Token (SNX) is a cryptocurrency founded by Kain Warwick in 2018. A serial entrepreneur who before Synthetix, built the largest cryptocurrency payment platform in Australia, with tens of millions in transaction volume. The SNX token... (read more)
Synthetix derivatives liquidity protocol and SNX token explained
Synthetix is a protocol for issuing and trading synthetic assets on the Ethereum blockchain. Each synthetic asset (or Synth) is an ERC-20 token which tracks the price of an external asset; for example each sUSD token tracks the price of the US dollar... (read more)
Exchange tokens benefit as centralized exchanges battle with DeFi platforms
Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. (read more)
Latest Synthetix Network Token News
Today, Oct 20th, the Aspidiske release will begin. Here’s what’s included in this release: * SIP-252: Liquidation of SNX Escrow: Allows SNX entries to be liquidated in case of force liquidation Motivation for Change In the initial release of the new liquidation mechanism escrow entries couldn’t … (read more)
We’ve recently partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism. As of right now, the integration enables stakers to claim their weekly rewards once their C-Ratio is above the target C-Ratio (as of right now, this is 350%) The functionality to enab… (read more)
Synthetix is a Layer-2 scaling solution that enables on-chain exposure to a broad range of crypto and non-crypto assets. Read it on. (read more)
Nominations for the next epoch’s Synthetix Councils (Spartan, Grants, Treasury, and Ambassador Council) are now open! The epoch lasts for 3 months, from July 1st to September 1st. All elected council members will receive a monthly stipend from the Synthetix Treasury of 2,000 SNX per month. Nominati… (read more)
Synthetix has partnered with dHEDGE to deploy a one-click debt mirror index for SNX stakers on Optimism. Initially, this tool was launched onto mainnet, but it is now live on Optimism. With this tool, each staker can hedge their exposure to the debt pool. Main article points: * dHEDGE & Toros Fi… (read more)
Oh, the moment you’ve all been waiting for: Debt Pool Synthesis. Both debt pools will become one on March 24th, starting between 9pm-11pm UTC. Once complete, the update will be announced as such. Once Debt Synthesis and the debt pools are merged, two key results affect stakers: 1. SNX inflationar… (read more)
People who are new to SNX are also new to Decentralized Finance (DeFi) and its concepts. Within this context, “Staking” is a non-trivial concept. At first glance one might think that staking SNX is… (read more)