Tag: synthetix

Jan 16 2021

Top 5 Crypto News: 01/16

Bitcoin is consolidating close to $37,070 for the day, and altcoins like DOT and LINK are skyrocketing and making new all-time highs. There's lots of action going on in the crypto and blockchain sphere. Let’s find out some interesting crypto news for today....

Jan 15 2021

Optimism ‘Soft Launches’ Ethereum Throughput Solution With DeFi’s Synthetix

Jan 15 2021 Published at CoinDesk under tags  defi ethereum optimism rollups synthetix

A potential fix for Ethereum's costly congestion problems.

Synthetix v3 Poised For 2021 Launch Could Revolutionize DeFi, Here’s How

Synthetix - the leading derivatives protocol on the Ethereum network and a pioneer in DeFi launched a new year 2021 roadmap on 12th Jan. It lists key agendas and development guidelines, which are likely to shape the direction of the protocol in this year. These are of course subject to approval through decentralized on-chain governance....

Jan 14 2021

Synthetix Protocol Steps on the Gas With Layer 2 Launch

As Ethereum gas prices continue to skyrocket, decentralized finance protocols are striving to implement Layer 2 (L2) scaling solutions, and Synthetix is the latest to launch. Synthetix, the DeFi-based synthetic assets protocol that tracks the value of real-world assets, is about to launch its Optimistic Ethereum mainnet, entering a new era...

Jan 12 2021

Multiple Tokens See Rally Amid Looming ‘Altseason’

Jan 12 2021 Published at CoinDesk under tags  aave altcoin altcoins bitcoin compound

Bitcoin and ether may be pulling back from their all-time highs but alternative cryptos are starting to see action.

Jan 05 2021

Ethereum Layer 2 Scaling Solution Optimism Mainnet Trial Nears

With Ethereum transaction fees off the chart again, there has never been a better time to roll out more Layer 2 scaling solutions, and Optimism will be next with its upcoming mainnet trial. Optimism, a primary Ethereum Layer 2 developer, has stated that it expects to release its preliminary mainnet on January 15 in conjunction with DeFi protocol Synthetix. The trial run will...

Dec 22 2020

DeFi Protocol Synthetix Launches New Staking Platform

Dec 22 2020 Published at Coingape under tags  defi defi news snx staking synthetix

Synthetic token DeFi protocol Synthetix has just launched a new platform with a range of staking and earning options for users. The decentralized finance protocol stated that the new interface has been rethought from the ground up to provide the best staking experience for holders of its native SNX token. The new staking dApp aligns The post DeFi Protocol Synthetix Launches New Staking...

Dec 19 2020

This DeFi project is competing with Traditional Finance…It’s also up 40% in 7 days!

Dec 19 2020 Published at CryptoTicker under tags  altcoin crypto defi snx token synthetix

The more people read about cryptocurrencies, the more they learn about traditional concepts being "re-imagined", in a way enhancing the process for the end-user. The latest projects of the DeFi tokens are revolutionizing the Finance Industry as we know it, putting end-users first and centralized companies to ashes. In this article, we introduce you to an interesting DeFi...

Dec 04 2020

Five Big DeFi Tokens That Made Their Owners Richer in November

Almost all DeFi projects are about liquidity pools, instant loans, decentralised exchanges, lack of regulation and immense ROIs that most people aspire to when investing their money in DeFi assets. Some of them were proved right during the month of November that saw a sizeable batch of DeFi tokens taken to considerable heights.

Dec 03 2020

Terra Brings 24-Hour Trading to Synthetic Versions of Stocks Like TSLA and AAPL

Dec 03 2020 Published at CoinDesk under tags  business defi synthetix tech terra

The creators of the stablecoin platform Terra are launching Mirror Protocol, a way to mint crypto assets that mimic U.S. stocks.

Nov 18 2020

Synthetix Gushes New Synthetic Oil Asset With Chainlink Partnership

Synthetix has announced their partnership with Chainlink, leading to the launch of their Synthetic oil asset, sOIL. Synthetix utilizes a Chainlink decentralized oracle network to mirror the price movement of oil. The creation of sOIL gives DeFi users on-chain exposure to oil, which happens to be one of the most important commodities in the world as the world's economy relies upon oil....

Nov 12 2020

Brent Crude Oil Futures Now Tradable on DeFi Exchange Synthetix

One of two global oil benchmarks, Brent Crude Futures are now available through DeFi exchange Synthetix.

Nov 06 2020

How To Use The Synthetix Exchange

Synthetix Exchange is a decentralized trading platform that allows you to trade your synths for any other synthetic assets. The exchange supports a variety of fiat currencies (e.g., sUSD, sEUR, etc.), cryptocurrencies (e.g., sBTC, sETH, etc.), indexes (sDEFI and sCEX), commodities (gold and silver), and inverse (iBTC). Trading on Synthetix Exchange is executed against the contract, known as P2C (peer-to-contract) trading. The system...

How To Use The Synthetix Staking Platform – Mintr

Synthetix is a decentralized protocol built on Ethereum that allows SNX users to generate a wide variety of synthetic assets, known as synths. Users can generate synths by locking their SNX as collateral via the Synthetix smart contract. The collateralized assets are combined to create a counterparty debt pool to all the minted synths; thus allowing Synthetix...

Sep 26 2020

Sep 23 2020

Synthetix Technical Analysis: SNX Flips Resistance Into Support, aiming for $5

Sep 23 2020 Published at Coingape under tags  altcoin news defi news news price analysis snx

Synthetix price bounces off support at $3.40 in readiness for a breakout to $5.00. SNX/USD is drawing closer to the resistance at the 50EMA, likely to delay the bullish scenario. Synthetix Network Token price fell in tandem with other decentralized finance (DeFi) tokens. The lending, borrowing, and liquidity ecosystem has been dealt a heavy blow The post Synthetix Technical Analysis: SNX Flips Resistance...

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