If the plan were to be implemented, Synthetix would operate much more like a conventional company by only collecting fees and giving the money to SNX holders. Kain Warwick, the creator of Synthetix's decentralized finance (DeFi) technology, has proposed a proposal that would stop excessively high yield returns for SNX stakers and set a 300 […] The post...
As Bitcoin and other cryptocurrencies have fallen in price to trade at levels last seen in November 2020, SNX, the native currency that drives the Synthetix Decentralized Finance protocol, has increased in value. Following a 52-week low of $1.64 on June 15, SNX has gained over 100% in price. Due to a rise in atomic swaps on Curve Finance and 1inch,...
The decentralized synthetic asset platform Synthetix led a relief rally in the cryptocurrency market today, surging around 100% from $1.57 to $3.16 before correcting to $2.88. Synthetix Surges on Market...
During the weekend, the price of Bitcoin dropped below the $18,000 mark and hit a 19-month low of $17,700. Much like Bitcoin, Ethereum and other digital assets also plunged to their respective multi-month lows as the cryptocurrency market cap shrinked to $852 billion.
The price increase has enabled Synthetix (SNX) to clear the deficit caused by the crypto crash, as its trading volume increases by 1200%. SNX, the native token of Synthetix Network, has been the day's largest gainer. In the previous 24 hours, the price of the Synthetix token has increased by a stunning 100 percent. This […] The post Synthetix (SNX) Price...
Kain Warwick, founder of Synthetix, and Ben Jones, cofounder and chief scientist at Optimism Foundation, discuss the current state of Ethereum Layer 2s, Optimism’s new governance structure, why Synthetix chose to build on Optimism, and more. Show topics: what Optimism and Synthetix are...
During Week 17, the total market capitalization diminished by another $100 billion, dropping from $1.88 trillion on April 28 to just $1.78 trillion on May 1. While we have seen greater weekly losses in the past, the general sentiment of the crypto markets is currently rather negative, which might indicate that we are sailing towards a longer bear market period. Nevertheless, the lower...
Synthetix added new futures markets for trading including gold and silver. In this article read more about this news and find out what is the difference between the Mirror´s offerings. Yesterday, Synthetix has announced that additional perpetual futures markets have been added for...
Synthetix is a financial primitive enabling the creation of synthetic assets, offering derivatives and exposure to real-world assets on the blockchain. A synthetic asset, in turn, is simply a tokenized derivative that mimics the value of another asset. A spot exchange-traded fund, or ETF, is a typical example of a synthetic asset that could represent...
The shift of governance from a small group of founding partners to the stakeholders of a particular project. That is what DeFi governance is. The ConsenSys Q3 Web Report exposes some of several key DeFi governance processes incorporated in top DeFi protocols like Synthetix, Aave, Uniswap, etc. Before we go into the details of the reports, it is important to note that governance...
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...
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