Synthetic is a protocol for issuing and trading synthetic assets based on Ethereum. Synthetic assets, synthetic tokens or synth are RC20 tokens that track the price of an external assets. It consists of smart contracts and a set of incentives, the value of the network token also acts as collateral, for the production of a synthetic asset, a lock of the proportional value of SNX is required, which allows you to instantly convert between synthetic assets without the problems with liquidity and slippage that other decentralized exchanges. The resulting token network supports a wide range of use cases, including trading, loans, payments, money transfers, e-commerce, and more.

Synthetix news today, SNX crypto latest news of token ticker

Synthetix

Synthetix is a protocol for the release of synthetic assets on the Ethereum blockchain. The project supports the idea of stablecoins by adding the ability to create a digital copy of any asset. The sUSD is a digital copy of the US dollar.

sUSD news today, SUSD crypto latest news of token ticker

sUSD

Optimism (✨🔴_🔴✨)

Velodrome

Curve Finance

HopProtocol

The SNX Treasury Council currently incentivizes the following liquidity pools on @optimismFND &amp; L1 weekly.

@VelodromeFi
SNX/USDC 10k OP
sETH/ETH 10k
sUSD/USDC 10k
sETH/WSTETH 5k

@CurveFinance
sUSD 20k OP
sETH 20k OP
sETH/sUSD - 10K SNX (L1)

@HopProtocol
SNX 10K OP (monthly)

The SNX Treasury Council currently incentivizes the following liquidity pools on @optimismFND & L1 weekly. @VelodromeFi.