Latest news

  • SNX Surges as Synthetix Debuts Binary Options with Acrux Upgrade

    Synthetix – the sector leading derivatives protocol – has officially released native binary options as part of the Acrux upgrade. We’re excited to announce that the Acrux release is now complete and binary options are now live at https://t.co/jQB0I2zxns! 1/3 pic.twitter.com/BL6nPOX05P
    — Synthetix (@synthetix_io) June 30, 2020 Last week, we recapped the latest Synthetix community call in which prominent community members expressed very optimistic opinions about the future… … More

  • Synthetix Governance Call Recap: SNX Surges Ahead of Acrux

    Synthetix‘s recent governance call sparked a wave of new interest in the leading derivatives protocol. Coming out of the call, many prominent DeFi Twitter personalities highlighted their bullish outlook on the future of Synthetix given the numerous upcoming launches that will drastically expand the protocol’s product offerings. I haven’t been as active and involved in the @synthetix_io community recently but the latest governance call completely reignites my bullishness again.
    T… … More

  • This Week in DeFi – June 19th

    To Our DeFi Community,
    Compound’s launch of the COMP token earlier this week may have very well sparked a new trend in DeFi – liquidity mining (also known as yield farming). In case you somehow missed it, the leading lending protocol has begun distributing COMP tokens to each of the protocol’s money markets pro-rata by the total interest accrued. While many were anticipating the launch, few expected the results.
    After initially listing on Uniswap for $16, COMP tokens have soare… … More

  • Ren Synthetix and Curve Team Up For BTC Yield Farming

    With the launch of COMP liquidity mining earlier this week, yield farming has become a hot topic in DeFi. Users can start earning high yields across an increasingly wider range of Defi protocols in native tokens via by providing liquidity (or any value-added service) to the network. While yield farming is a newer concept to the DeFi community, we’re now seeing the ultimate yield hacking strategies emerge. Ren Protocol, Synthetix, and Curve have teamed up to launch a new incentivized liquid… … More

  • DeFi Tokens Lead Crypto Returns in 2020

    DeFi is surging and it’s becoming apparent with the performance of the sector’s leading tokens.
    While prominent crypto assets have done well on the year, with Bitcoin up +32% and Ethereum up +287%, Ethereum DeFi tokens in the top 100 have averaged a +237% return year-to-date (YTD). We last covered DeFi tokens in mid-Janaury where we compared the performance of ETH and DeFi to BTC over the course of 2019. What we found was that taking an equal-weight basket of 6 major DeFi tokens R… … More

  • This Week in DeFi – June 12th

    To Our DeFi Community,
    Another week in DeFi in the books. As always, the week was filled with new releases, projects reaching new milestones, and more. This Week in #DeFi @CurveFinance integrates RenVM @AaveAave reaches $100M market size @graphprotocol partners with ChainLink @synthetix_io adds Balancer incentives @Opium_Network launches pre-market trading for $COMP + $BAL
    Onwards!https://t.co/r8bQQzd34W
    — DeFi Rate (@DefiRate) June 12, 2020 One of the most interesting things to … … More

  • Synthetix Adds SNX Balancer Incentives + Liquidations with Altair & Halite

    Synthetix – the sector-leading derivatives protocol – has just unveiled a set of new features and upgrades as a result of the Altair and Halite releases including Balancer Liquidy incentives. The synthetixDAO is funding a four-week trial to incentivise a new SNX/USDC 90/10 liquidity pool on @BalancerLabs! https://t.co/Y5sXKyZWRi
    — Synthetix (@synthetix_io) June 5, 2020 Halite Upgrades
    Starting with the Halite product release, the protocol implemented a number of front-end im… … More

  • Synthetix SNX Stakers Struggle to Combat High Gas Prices on Mintr

    Synthetix – the sector leading derivatives protocol – has long been known for its variety of passive income opportunities to reward value-added contributors to the wider SNX ecosystem.
    Our more frequent readers may recall our sETH & sUSD liquidity incentive and SNX staking tutorials – both geared at helping users with any amount of capital share in the platform’s growth by receiving weekly SNX inflation.
    While things have been running smoothly with these incentive pro… … More

  • Synthetix Layer 2 Exchange Demo Using OVM + Trading Competition

    While the topic of Optimistic Rollups has somewhat fallen to the wayside in light of all the innovation we’ve seen in DeFi over the course of the last year, it’s quite exciting to see it come back to center stage with the demo of Synthetix and their upcoming Layer 2 decentralized exchange. We’re extremely excited to announce an L2 https://t.co/FDbOs9UadQ demo with @optimismPBC! This demonstrates the power of OVM to deliver high-speed Ethereum transactions to supercharge the Synt… … More

  • SNX Link Builds Synthetix-based Asset Management Platform

    With over $120M locked in Synthetix, the derivatives protocol sits as the second most valuable DeFi protocol in terms of value locked. The growth in value comes as Synthetix has constantly been building over the past year releasing new updates, supporting new assets, and iterating on protocol incentives.
    The derivatives protocol has reached the point where users have expanding opportunities on how they’d like to participate or use the platform. Today, users can gain exposure to a wide rang… … More

  • Synthetix Adjusts Liquidity Incentives

    Synthetix – the sector leading derivatives platform – is adjusting its SNX inflation rewards for both the sUSD and ETH liquidity incentives to better neutralize the system’s debt pool. 1/ We’re running a trial to incentivise people to hold iETH to balance the Synths debt pool! The debt pool (i.e. the sum of all Synths) is currently skewed long ETH, which negatively impacts SNX stakers. https://t.co/L7UVpz4CNe
    — Synthetix (@synthetix_io) April 24, 2020 For those una… … More

  • DeFi Dive: Synthetix — A protocol for issuing and trading synthetic assets on Ethereum

    In this edition of DeFi Dive, we’re joined by Synthetix Founder Kain Warwick who shares his unique experiences which lead to the creation of DeFi’s second biggest DApp. How did you get your start in crypto and what inspired you to build your project, product, or service? I’d been involved in several startups in my twenties and founded blueshyft five years ago. It’s become the largest cryptocurrency payment gateway in Australia, processing over two hundred million dollars… … More

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