Synthetix

Traders Will Be Eligible To Earn Optimism Token Rewards During The 20-Week Campaign

More Than 3.5M OP Tokens Will Be Distributed To Traders Over 20 Weeks

Synthetix Records ATH in Users After Release of V2

A Step-by-Step Guide to the 'Decentralized Oracle'

A Step-by-Step Primer on the DeFi Derivatives Platform

The Synthetix community is considering putting an end to its inflationary economics in ten weeks’ time.

Protocols Like Redacted, Umami and GMX Share Revenue In ETH and Stablecoins

Synthetix is taking off after a proposal to increase trade speed was approved.

Synthetix and Lyra look to boost sUSD liquidity on Optimism.

This week, we sit with Kain Warwick, DeFi OG and founder of Synthetix. In some ways, last year wasn’t a great one for the synthetic assets protocol. As many DeFi projects boomed, SNX’s price and TVL dropped. Kain says he was too optimistic about how soon Synthetix would be able to scale with optimistic roll-ups. If he…

All the best things come in threes and you, lucky viewer, will get the chance to test that theory live in real time on this very internet web television as we bring you three of the chiefest chiefs in synthetic tokens for the third of our live jam sessions.

Kain Warwick, founder of derivatives liquidity protocol Synthetix, is back.  The founder had previously stepped away from the protocol to take on a “more passive role,” but has now declared his intention to run for the Spartan Council, an eight-member governance DAO that votes on and manages changes to the protocol. Warwick previously stewarded the…

Kwenta, an exchange interface for Synthetix’s derivatives, has declared itself an “independent project operating outside of the Synthetix core contributors,” according to an announcement post. The project will also issue a token, KWENTA, that will be used to participate in governance and to “bootstrap the community and fuel an early development team.” It’s a sign…

In a sign of volatility in the blockchain-derivatives market, liquidations on the Synthetix platform skyrocketed to $19.4M, on June 11, a 30-fold jump from the next highest level on May 13, according to data from The Graph. . As worrisome as that spike might be, the liquidations were right in line with how the system…

Synthetix users will soon be able to trade proxies of the most popular US tech stocks. Synthetix, the synthetic derivatives protocol, will launch its Alnilam update tomorrow which includes three Synthetix Improvement Proposals (SIPs) and adds support for eight new assets, including tokens tracking prices for FAANG stocks –– Facebook, Amazon, Apple, Netflix and Google…

Synthetic assets trading in decentralized finance is picking up after stock buyers were locked out of traditional markets last week. Platforms like Mirror, FTX, and Synthetix, which are live, and others still in the works like Injective Protocol, allow investors to gain access to traditional stocks and assets via tokens which replicate their price.  Daily…

This week has seen a flurry of announcements around Layer 2 scaling solutions with Aave’s Matic bridge, Synthetix introducing Layer2 staking on Optimism and Loopring’s mobile app hitting the Google Play store bringing all the advantages of Layer 2 to mobile users. I’ve found myself using the Metamask and MyEtherWallet apps a lot recently so…

Things are hopefully about to speed up and get cheaper in Ethereum land, as Synthetix, the synthetic asset issuance protocol, deployed its staking code from Ethereum to Optimism, a Layer 2 scaling solution on Jan. 15.  Now, users can migrate their Synthetix Network Tokens (SNX), used to mint the protocol’s synthetic assets, to Optimistic Ethereum’s…

There’s been an explosion of Ethereum scaling developments this past week, with the latest and arguably biggest one announced yesterday: Coinbase Wallet is integrating with Optimism’s Optimistic Rollup testnet. Coinbase Wallet is the US exchange’s non-custodial wallet and dapp browser (not the exchange itself) and the integration will allow users to view their balances and…