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Synthetix: the scaleup with Arbitrum and everything to know about this derivatives markets ecosystem
The Cryptonomist interviewed Matt Losquadro and Noah Litvin, two core contributors of the DeFi project.
Kain Warwick from Synthetix launches Infinex: revolutionizing DeFi by Removing Common Barriers
In an era where decentralized finance (DeFi) is transforming the traditional financial world, Synthetix founder Kain Warwick has launched a new platform called Infinex. The new project aims to further revolutionize the DeFi sector by eliminating some of its most significant barriers: wallet setup, asset bridging, and […]
Why Are Investors in Chainlink and Synthetix Shifting Their Focus to This Emerging Cryptocurrency?
Investors are moving toward a new emerging meme coin as it promises a staggering 150% return on investment.
Betting Right: Forecasting Major Growth Of Domini.art, Synthetix & TRON!
Finding the top crypto investment can be akin to searching for a needle in a haystack.
dYdX (DYDX) and Synthetix (SNX) Reach $2.00 Price Point – Investors Are Impressed – VC Spectra Also Offers A Bright Future
dYdX (DYDX) and Synthetix (SNX) have seen an investor rush as they hit the $2.00 psychological price point.
Maker, Synthetix, and Big Eyes Coin – Three Top Cryptos That Can Skyrocket in 2023
Big Eyes Coin has launched a unique vault pin for its cat-loving community. Users can receive free loot boxes.
Synthetix: decentralized perpetual futures on Optimism
BTC and ETH can be traded without identity verification
Synthetix abandons its foundation
3 DAOs to manage the project in a decentralized manner
Synthetix
In addition, the Synthetix protocol is built in such a way as to open a debt position against the stakers when they generate new Synths and to exit the system, thus unlocking their SNXs: basically, in order to pay this debt, Synths tokens must be burned.
All Synth transaction fees that take place on Synthetix's non-depository DEX, will be paid to SNX holders, thereby incentivizing the creation of new Synths and bringing value to the token itself. The market value of SNX is essentially measured by its degree of adoption. Â
SNX has recently been integrated into the DEX Switcheo with the SNX-ETH trading pair.Â
Synthetix: what is it for and why it uses Ether as collateral
ETH stakers will not receive commissions or rewards