xSNX Fund Makes Staking Synthetix Easier

By Abhimanyu Krishnan | News | 18 Aug 2020


xSNX, a project supported by the Synthetix (SNX) grantsDAO, was unveiled and detailed on August 18 via a blog post.

  • xSNx accrues staking returns and trading fees to the token’s net value
  • It avoids the need to handle the weekly processes of minting, claiming, hedging and managing collateralization ratio
  • Also features simplified tax planning and accounting
  • SNX staking position can also be represented as liquid assets that can be added to liquidity pools or transferred to wallets

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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