Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July. Synthetix has launched a new app chain — SNAXchain — aimed at bringing cross-chain liquidity and ...
A Synthetix spokesperson told Cointelegraph on April 18 that sUSD’s volatility was driven by “structural shifts” after the SIP-420 launch. Synthetix founder Kain Warwick has threatened SNX stakers ...
The sUSD stablecoin by Synthetix is having its second de-pegging episode for the past month. This time, the asset-backed stablecoin fell under $0.90, with a low around $0.83. The sUSD stablecoin ...
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