Synthetix Network Token
SNX
Synthetix Network Token (SNX) Feed: Events, News & Roadmap
Synthetix Network Token to Host Community Call on February 21st
Synthetix Network Token is set to host a community call on Discord on February 21st at 21:00 UTC.
Synthetix Network Token to Hold AMA on X on November 7th
Synthetix Network Token will host an AMA on X with Ethena Labs, Threshold DAO, and Kwenta.
Synthetix Network Token to Release New Version in June
Synthetix Network Token is entering a crucial phase of its v.3.0 rollout, which will introduce a new foundation and architecture for the protocol.
Synthetix Network Token to Host Community Call on April 24th
Synthetix Network Token is set to hold a community governance call on April 24th at 9 pm UTC.
Synthetix Network Token to Host Community Call on December 20th
Synthetix Network Token will hold a community call on December 20th at 10 pm UTC.
Synthetix Network Token to Cease SNX Token Inflation on December 17th
Synthetix Network Token has officially announced that the Spartan Council has voted to cease the inflation of the SNX token.
Synthetix Network Token to Hold AMA on X on December 14th
Synthetix Network Token will host an AMA on X to delve into the details of the forthcoming Andromeda release.
Synthetix Network Token to Hold AMA on X on November 15th
Synthetix Network Token will host an AMA on X with Valio, an asset management platform on November 15th at 16:00 UTC.
Synthetix Network Token to Hold Trading Competition
Synthetix Network Token is set to launch the perps v.3.0 trading competition on the Base Goerli testnet.
Synthetix Network Token to Hold AMA on X on September 28th
Synthetix Network Token will host an AMA on X on September 28th at 7 pm UTC.
Synthetix Network Token to Hold AMA on X
Synthetix Network Token will host an AMA on X on the upcoming Synthetix Perps v.3. The event is scheduled on September 7th at 6 pm UTC.
Synthetix Network Token to Host a Community Call on August 29th
Synthetix Network Token will hold a community call on August 29th at 8 pm UTC.
SNX to Be Listed on Perpetual Protocol on August 17th
Perpetual Protocol will list Synthetix Network Token (SNX) on August 17th at 14:00 UTC.
Synthetix Partners With Chainlink to Host AMA on Twitter on July 20th
Synthetix will host a Twitter АМА session in co-hosting with Chainlink on July 20.
AMA on Twitter
Join to an AMA on Twitter.
Community Call
Join to community call.
Synthetix v.3.0 on Ethereum
DeFi project Synthetix deployed the third version of the protocol.
Listing on BitForex
SNX will be listed on BitForex.
AMA on Twitter
At 6 pm UTC on Thursday, SNX be live on Twitter Spaces.
AMA on Twitter
Synthetix Network Token Events on the Chart
What is Synthetix Network Token?
Synthetix is a protocol on Ethereum that allows for the creation of synthetic assets, or “Synths”, which are essentially tokens representing the value of real-world assets. These can range from cryptocurrencies to commodities and fiat currencies, offering traders exposure to these assets without the necessity of owning them directly.
Synths leverage decentralized price oracles to accurately track the prices of their underlying assets. Unlike stablecoins, Synths are not backed by a direct reserve of the asset they represent, but by on-chain mechanisms and smart contracts. Owning a Synth doesn’t mean owning the underlying asset; instead, it offers exposure to the asset’s price fluctuations. This functionality, coupled with the interoperability of Synths as ERC-20 tokens, allows them to be integrated into other DeFi protocols for liquidity provision and trading.
The Synthetix Network Token (SNX) is a key component of the protocol, acting as the primary form of collateral used to mint Synths. Synthetix also supports Ethereum (ETH) as collateral. The system operates on an overcollateralization principle, ensuring each Synth represents less value than the collateral backing it. To maintain a certain collateralization ratio determined by governance, stakers mint or burn Synths or add more collateral, which is essential for them to continue earning staking rewards.