Synthetix, Kwenta launch v3 perpetuals on Arbitrum
The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October. Go to Source
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Synthetix activist investor ‘overhaul’ gathers 99% approval from SNX holders
A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members. Go to Source
New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July. Go to Source
Sythetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
Synthetix faces fierce competition on the DeFi-oriented layer-2. Go to Source
Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges in maintaining its 1:1 … Read more
Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Go to Source
Framework Ventures Boosts Stake In Synthetic Protocol Amid Price Decline
The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today. In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, … Read more
Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA
LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move. Go to Source Powered by WPeMatico
Synthetix takes on counterparty risks with Infinex derivatives exchange
The upcoming exchange, Infinex, will cater to both novice and experienced traders by offering features similar to centralized exchanges (CEX). Go to Source Powered by WPeMatico
Decentralized exchange GMX votes to use Chainlink low-latency oracles
A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Go to Source Powered by WPeMatico
