News
The DeFi protocol also launched an in-house perpetuals trading app.
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Synthetix (SNX) Crypto News Today
Synthetix is a decentralized finance (DeFi) protocol that enables users to create, sell and transfer synthetic assets on the Ethereum blockchain.
These synthetic assets mimic the value of all kinds of assets, such as fiat currencies, commodities and cryptocurrencies.
Its native Synthetix (SNX) token lets users stake SNX in the liquidity pool as collateral and receive Synths in return, which are tokens that track the price of different assets using oracles.
Discover expert analysis, market trends and updates on Synthetix with Cointelegraph.
- News
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
3374 - News
A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.
5437 - News
The Infinex protocol — dubbed the “UX Layer” of DeFi — is targeting a May 13 launch, pending a final vote from Infinex’s governing council.
2574 - News
The decentralized Cosmos exchange Osmosis has been listed as the most actively developed DeFi project in the last month.
8318 - Interview
Synthetix founder Kain Warwick tells Cointelegraph that Infinex will help reduce friction in DeFi and close the usability gap between DEXs and CEXs.
4476 - Price Analysis
LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move.
6901 - News
Several top banks around the world are already collaborating with Chainlink to explore applications for the Cross-Chain Interoperability Protocol.
8761 - News
The upcoming exchange will cater to novice and experienced traders by offering features similar to centralized exchanges.
8023 - News
Derivatives liquidity protocol Synthetix seals a new partnership with DWF Labs, landing a $20 million investment from the quantitative trading firm.
3757 - News
If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders.
6209 - Explained
CeDeFi is a new financial system that combines centralized and decentralized systems. It provides privacy, reduced fees and ease of use.
- News
The variants based on BEP-2 and ERC-20 are being swapped out for the upgraded native RUNE token after THORChain’s long-awaited mainnet late last month.
3729 - Markets News
It’s too early to know if DeFi is “dead,” but platforms that share revenue with liquidity providers and token holders could be the ones that survive the bear market.
4984 - News
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI.
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