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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