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Synthetix Network (SNX)

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Top Things You Should Know About Synthetix Network (SNX)

16 Jun 2020 7 minute read 8 comments MuyAsk

Hey guys :) I’m back with another comprehensive Q&A piece, this time for one of the most popular and revolutionary Ethereum DeFi projects – Synthetix Network (SNX). Synthetix Network is a protocol for trading synthetic assets on Ethereum. The project...

Layer2 Coming Soon On Synthetix, Uniswap, Aave and Loopring

19 Jan 2021 2 minute read 7 comments ☑️Arͬcͨaͣ🅽🅶eͤl̜̝̖̼͔̞̃ͮ͑̐̉͌🅾➏➏➏

If you are not large holders, it is not convenient to stake tokens on Ethereum's DeFi platforms because the gas is too high. Likewise, there is no incentive to provide liquidity. A scalability solution could come from "Layer2" that some platforms are...

What is DeFi & How to earn on Yield Farming?

21 Oct 2020 8 minute read 5 comments Guarda Wallet

What is DeFi? DeFi or decentralized finance stand for financial applications and services that use smart contracts. DeFi is a decentralized, open-source, and trustless ecosystem of financial applications and services based on various blockchains. The...

Synthetix (SNX) Continues to Improve As it Eyes Its Move to Optimistic Ethereum Layer 2 Solution!

10 May 2021 6 minute read 1 comment Michael @ CryptoEQ

Overview Synthetix is an Ethereum-based DeFi project that serves as a decentralized exchange (DEX) and issuer of synthetic assets in an open, decentralized, and trust-minimized way. It accomplishes this through a staking-based incentive system,...

4 Unique DeFi Projects You Should Know About

5 Dec 2020 4 minute read 0 comments Chriss

The DeFi sector continues to see expansion in all aspects. According to recent reports, the market currently holds over $6 billion in value locked in Smart Contracts. Impressively, this growth is increasing in both its scope and rate. There are now m...

Coinbase stock to 100x in 5 years. $COIN "IPO" went live yesterday [Part 2 of 2]

15 Apr 2021 9 minute read 7 comments NOVAX

Make sure to check out the first part of this post here: Coinbase stock to 100x in 5 years. $COIN "IPO" went live yesterday [Part 1 of 2]Robinhood just happened to be the first place I could easily get the Coinbase IPO ($COIN) yesterday. I siphoned o...

Synthetic Assets in DeFi: A Comprehensive Guide

5 Nov 2020 5 minute read 1 comment Zild

The market of crypto-synthetic assets has been steadily gaining traction. According to the latest available estimates, there is more than $69 million locked in synthetic derivative contracts. To understand this growing importance of synthetic...

Wall Street Trading Firm is accumulating Bitcoins & Alts

8 Nov 2020 1 minute read 4 comments ircrp

  One of the Wall Street's biggest high-frequency trading firm of Jump Trading with over 700 head count worldwide has been allegedly quietly accumulating on various Cryptocurrencies. The spotlight has been cast upon Jump Trading by a Messari Crypto r...

Synthetix derivatives liquidity protocol and SNX token explained

14 Mar 2021 3 minute read 0 comments Heath Muchena

Synthetix is a protocol for issuing and trading synthetic assets on the Ethereum blockchain. Each synthetic asset (or Synth) is an ERC-20 token which tracks the price of an external asset; for example each sUSD token tracks the price of the US dollar...

DeFi in Review: Aave’s Migration, Synthetix ‘Coup d’Etat’, Ren Protocol’s M&A

12 Feb 2021 2 minute read 0 comments GetBlock

This week a red-hot segment of decentralized financial protocols (DeFis) crossed $40B in total value locked for the first time ever. Here is what happened in flagship DeFi ecosystems on the threshold of this milestone. While the cryptocurrencies indu...