Tag: synthetix

Cryptocurrency exchange Wisebitcoin has announced the launch of SYNTHETIX (SNX) against USDT as an aggregated trading pair. Aggregated trading pairs do not support deposits and withdrawals. Instead, by using an aggregated trading pair, Wisebitcoin automatically takes buy and sell orders from its users and places those orders on both Wisebitcoin as well as other network exchanges. This approach ensures that these tokens and...

Synthetix is a decentralized synthetic asset issuance protocol Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the...

Kain Warwick, founder of Synthetix, and Kyle Samani, managing partner at Multicoin Capital, debate the merits of Ethereum, Solana, and Binance Smart Chain. In this episode, they discuss: why Ethereum is losing market share to Solana and BSC...

The decentralized finance (DeFi) space has been in the limelight in recent times for all the right reasons. This fast-rising sphere recorded a number of top-notch DeFi updates that took place in the blockchain space last week. These top DeFi updates include a strategic partnership between DAO Square and Loopring, Beam 6.0 launch, Synthetic repos launch on Radicle, etc. Orion Protocol | Binance...

Synthetix doubles down on Layer 2. Synthetix Integrates Optimistic Ethereum Synthetix staking is now compatible with Optimistic Ethereum. Synthetix announced the update in a...

Decentralized finance platform Synthetix has been one of the first to embrace Layer 2 scaling, and it has just posted a progress update. In a March 24 blog post, Synthetix, the synthetic asset trading platform, stated that its transition to Layer 2, which began in January 2020, has been “amazing to watch so...

For investors, blockchain technology has opened up an entire world of new asset classes. At the same time, this opening up has happened globally – a stark contrast to traditional stock markets that restrict users based on where they live. One of the biggest shortcomings with investing using blockchain tech is that investments have previously [...] The post Synthetix Staking Guide: DeFi Synthetic...

Three prominent venture capitalist firms bought tokens directly from the DAO's treasury.

Synthetix, a DeFi project for synthetic assets, announced that it raised $12 million from Paradigm, Coinbase Ventures, and IOSG. VCs Enter DeFi Governance The three venture capital firms invested by purchasing SNX...

Synthetix's governance board has voted to add Tesla stocks (TSLA) to the DeFi derivatives trading protocol. Tesla Coming to Synthetix The addition of a synthetic TSLA asset was first officially proposed on Feb. 2. The vote was put in motion on Feb. 10, and it...

DeFi's favorite synthetic assets protocol is getting a revamp. Bellatrix will see Synthetix add a new batch of synthetic DeFi tokens. Synthetix Expands DeFi Offerings Synthetix is launching a new...

Staking on Synthetix is live on the L2 mainnet, Optimistic Ethereum (OΞ). With this staking, Synthetix has attained a new height. Likewise, the Ethereum ecosystem also experienced a new height as Optimistic Ethereum (OΞ) is the first-ever scaling solution that has full cross-layer porting capabilities for smart contracts. In addition, such porting does not require the contracts to be rewritten. The Synthetix team...

The number of decentralized finance startups tokenizing real world assets is expanding as the market and demand to trade them continues to grow. One of the largest potential applications of blockchain and digital assets is the ability to tokenize real-world assets, allowing users and investors to send, receive, and exchange the ownership rights to physical goods just as easily as making a crypto...

Decentralized finance protocol Curve has launched a new type of token swap using the Synthetix protocol as a bridge. Not all is what it seems with the new offering, and it is only likely to appeal to whales. Before the degen farmers flock to the protocol seeking their next quick buck, there are a few things that should be clarified. In its documentation...

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....

A potential fix for Ethereum's costly congestion problems.