The DeFi protocol also launched an in-house perpetuals trading app.
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The product is part of Synthetix’s ongoing effort to revamp after a governance overhaul in October.
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The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
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A new proposal looking to completely reboot DeFi protocol Synthetix has garnered 99.4% approval from community members.
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Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.
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Synthetix faces fierce competition on the DeFi-oriented layer-2.
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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 […]
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Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick.
]]>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, deposited an additional 2 million SNX tokens to Coinbase Prime, totaling $5.84 million at a price of $2.924 per token. Framework Ventures 0xa5f, the largest institutional SNX-holding wallet, deposited 2M $SNX ($5.85M) to #Coinbase at $2.92 ~7hrs ago. Notably, @hiFramework was an investor and received
The post Framework Ventures Boosts Stake In Synthetic Protocol Amid Price Decline appeared first on The Merkle News.
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LINK, FIL, SNX and THETA are starting to look bullish right as Bitcoin prepares for a volatile price move.
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