Tag: Synthetix
Synthetix USD stablecoin loses dollar peg, drops to 5-year low of $0.83
The Synthetix protocol’s native stablecoin, Synthetix USD (sUSD), fell to its lowest value in five years, extending a months-long struggle to maintain [...]
Synthetix Founder Appears to Have Sent Portion of Company Funds to Beleaguered Ex-Treasurer: EmberCN
Synthentix is a decentralized finance (DeFi) protocol that provides liquidity for derivatives platforms across the DeFi market. It has $237 million in [...]
Synthetix DEX launch to join efforts reducing the ‘serious friction’ in DeFi
Decentralized derivatives protocol Synthetix is the latest project aiming to close the usability gap between centralized and decentralized exchanges — [...]
Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend
The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on [...]
Synthetix takes on counterparty risks with Infinex derivatives exchange
Synthetix, a DeFi project in the crypto space, is preparing to expand its range of affiliated products.Kain Warwick, the founder, revealed intentions [...]
Synthetix (SNX) Approves Plan to Nudge Positions Off Soon-to-Shut Version One of Its Perpetuals Market
The change highlights Synthetix’s focus on its v2 perpetuals markets, which had $22 million in volume over the past day, data from a dashboard created [...]
Synthetix (SNX) trading volume overtakes GMX, but is the DEX token rally sustainable?
Synthetix weekly trading volumes surpassed $1 billion, overtaking decentralized derivatives exchange GMX to become the second-most active platform.The [...]
Decentralized Liquidity Platform Synthetix Sees Jump in Fees Collected Amid Incentive Campaign
Synthetix generated more than $730K in fees on March 30 ahead of the start of its allocation of 200,000 OP tokens to traders.
www.coindesk.com [...]
Synthetix nets $20M from Web3 quant trading firm
Tokenized asset issuance platform Synthetix has secured a $20 million investment through a new partnership with Web3 investment and quantitative tradi [...]
Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix
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DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
Synthetix holds over $500 million in locked tokens over the Ethereum and Optimism networks.
www.coindesk.com [...]
Synthetix looks to turn off the SNX money printer once and for all
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for [...]
Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M
Over the weekend, separate catalysts lead to volatile trading in the two tokens with SNX rising as much as 85% in the past 24 hours.
www.coindesk.com [...]
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUS [...]
Synthetix (SNX) rallies in anticipation of L2 Curve Wars and Optimism airdrop announcement
Layer-2 (L2) solutions for the Ethereum (ETH) network have grown in prominence over the last year because of the need for scalable networks that offer [...]