The world of decentralized finance (DeFi) often sees protocols exploring collaborations and mergers to expand their offerings and user base. One such potential deal involving the synthetic asset platform Synthetix recently made headlines, but not for completing. Instead, Synthetix has announced the cancellation of its planned acquisition of the crypto options platform Derive. Synthetix and […]
In the dynamic world of decentralized finance (DeFi), stablecoins play a crucial role. They are designed to maintain a stable value, typically pegged to a fiat currency like the US dollar, acting as a reliable medium of exchange or store of value within the crypto ecosystem. However, maintaining this peg can be challenging, as evidenced […]
Big news shaking up the Decentralized Finance (DeFi) world! The prominent DeFi protocol, Synthetix (SNX), has put forward an exciting proposal. It aims to acquire Derive, formerly known as Lyra, a well-regarded decentralized options trading platform. This move could significantly reshape the landscape for both projects and the broader DeFi ecosystem. If you’re following the […]
The crypto market often delivers unexpected twists, and the recent action surrounding Synthetix (SNX) on South Korean exchanges is a prime example. We’ve witnessed a dramatic SNX price surge, particularly on the Upbit exchange, following news that would typically send prices plummeting. This counter-intuitive rally highlights the unique dynamics at play within the South Korea […]
Attention crypto traders! News from South Korea’s largest crypto exchange, Upbit, is sending ripples through the market, particularly for holders of Synthetix (SNX). The popular decentralized finance (DeFi) protocol token has just been designated as a closely monitored asset. Why is Upbit Monitoring SNX? Upbit announced on its official website that the decision to designate […]
Get ready for a major upgrade in the world of decentralized finance! Synthetix founder Kain Warwick has announced exciting plans for the launch of Synthetix V4, the next iteration of their perpetual futures market. This update is scheduled to go live on the Ethereum Mainnet by the end of Q2, bringing significant enhancements to the […]
Is your sUSD stablecoin feeling a bit unstable lately? You’re not alone. The decentralized finance (DeFi) world can be a rollercoaster, and stablecoin pegs sometimes experience turbulence. But fear not, because Synthetix, a leading decentralized synthetic asset issuance protocol, is taking decisive action! Let’s dive into the exciting news about the launch of the sUSD […]
In a dramatic turn of events that has sent ripples through the crypto community, Kain Warwick, the founder of Synthetix, a prominent synthetic asset issuance platform built on the Ethereum blockchain, has changed his X (formerly Twitter) account name to “kain.depeg.” This bold move comes amidst growing anxieties surrounding the stability of sUSD, Synthetix’s stablecoin, […]
Hold onto your hats, crypto enthusiasts! The stablecoin waters are getting choppy once again. If you’ve been tracking the Synthetix ecosystem, you might have noticed some turbulence. The Synthetix-based stablecoin, sUSD, is currently experiencing a significant depegging event, sending ripples through the DeFi space. Let’s dive into what’s happening and what it means for you. […]
Hold onto your hats, crypto enthusiasts! In a startling turn of events, sUSD, the stablecoin within the Synthetix ecosystem, has dramatically depegged from its intended $1 value. Imagine waking up to find your ‘stable’ asset suddenly worth significantly less – that’s the reality many are facing right now as sUSD trades at a concerning $0.8142. […]
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