Tag: synthetix

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.

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....

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...

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

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...

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...

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...

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.

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