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Where will Synthetix [SNX] end up after the latest SIP-276 proposal

ambcrypto.com

Synthetix is at the cusp of a breakout after the release of new announcements on the network. The network is rolling out a proposal to cap SNX's maximum supply at a “very memorable” 300 million.

Read in Full: ambcrypto.com
Bitcoin SNX
$ 4.97

Timeline of Synthetix


Synthetix's trading volume surges by >700% thanks to - AMBCrypto

The layer-2 scaling solution Synthetix undertook some important developments this month. Often described as a “blue chip” DeFi project, Synthetix was one of the first projects to launch on the Ethereum network.


Synthetix (SNX) Founder Proposes Ending High Yield Returns With 300M Capped Supply - BeInCrypto

Synthetix founder Kain Warwick has submitted a proposal to turn off SNX's high yield returns and cap its supply at 300 million tokens. The post Synthetix (SNX) Founder Proposes Ending High Yield Returns With 300M Capped Supply appeared first on BeInCrypto.


Synthetix Wants To Turn Off The SNX Money Printer Forever - DCForecasts

Synthetix wants to turn off the SNX money printer forever, as proposed by the founder of the DeFi system, Kian Warwick. This would mean that they will be turning off the exceptionally high yield returns for SNX stakers and capping the overall SNX token supply at 300 million.


Synthetix looks to turn off the SNX money printer once and for all - Cointelegraph

If the proposal were to take effect, Synthetix would much more closely resemble a traditional business by simply generating fee revenue and distributing the proceeds to SNX holders.


Synthetix Trading Volume Reaches New Low Tumbling More Than $800 Million - BeInCrypto

Synthetix plunged in volume during July due to a significant decline in trading activity across centralized and decentralized exchanges. The post Synthetix Trading Volume Reaches New Low Tumbling More Than $800 Million appeared first on BeInCrypto.


Synthetix (SNX) Price Prediction 2022, 2023, 2024, 2025: Will SNX Surge 2X? - CoinPedia

The crypto industry has been mushrooming with a plethora of digital assets which have been striving to establish one's reign. Successively, the projects catering to the finance sectors have been under the acute consideration of marketers. With the rise of Defi, a myriad of crypto assets are anticipated to thrive.


Synthetix (SNX) Breaks Down Below $3 - BeInCrypto

Despite a breakout from a long-term ascending support line, Synthetix (SNX) is showing bearish signs in shorter time frames. The post Synthetix (SNX) Breaks Down Below $3 appeared first on BeInCrypto.


Crypto Analyst Gives Six Reasons for Buying Synthetix ($SNX) - CryptoGlobe

On Monday (August 8), a very popular crypto analyst and influencer gave his reasons for recently buying “a bag” of $SNX, the native collateral asset of derivative liquidity protocol Synthetix. Here is how Binance Academy describes Synthetix: “Synthetix is a synthetic asset protocol that allows for the issuance of synthetic assets on Ethereum.


Synthetix jumps 16% as DAO seals Jump Crypto liquidity deal - Invezz

Synthetix (SNX/USD) has traded higher over the past 24 hours, with gains of over 16% seen in the price of the SNX token. Currently, the SNX/USD pair is changing hands around $3.26 (£2.71), up more than 23% on the weekly timeframe and positive for the month with nearly 5%.


Synthetix (SNX) price prediction after the relentless sell-off - Invezz

Synthetix SNX/USD remains under pressure; the price of this cryptocurrency fell from $8.19 to $1.42 since April 01, 2022, and the current price stands at $2.52. Synthetix offers the best price execution for traders Synthetix is a project that enables the creation of synthetic assets and offers unique derivatives and exposure to real-world assets on The post Synthetix (SNX) price prediction after the relentless sell-off appeared first on Invezz.

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