Governance Call

2023/08/28 16:00:00

SNXSNX

SNX

-2.85%

"Make sure not to miss the upcoming SNX Governance Call on Tuesday... at 8 pm UTC. The agenda includes... Ecosystem Updates"

Disclaimer: The Crypto Calendar is for informational purposes only and doesn’t reflect Gate.com’s views or serve as financial advice.

SNX Price Trend

24-Hour High

$0.7457

24-Hour Volume

$342.45K

All-Time High

$28.53

All-Time Low

$0.03478

Market Cap / FDV

99.88%

FDV

$250.04M

24-Hour Low

$0.7059

Market Cap

$250.04M

Circulating Supply

343.46M SNX

Total Supply

343.88M SNX

Max Supply

343.88M SNX

Market Sentiment

Positive

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"... Synthetix plans to increase interest fees... to align with market rates."

SNX

-2.85%

Synthetix Network Token

SNX

-2.85%

Protocol Upgrade

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. The key changes include accelerating real yield by replacing inflationary SNX rewards with real yield from trading fees and a buyback/burn mechanism to reduce SNX supply. Additionally, sUSD will be backed by diverse assets like SNX, ETH, USDC, and yield-generating collateral, increasing scalability. The migration to v.3.0 will begin in June and be carried out in two phases. The first phase will involve SNX stakers on the Ethereum mainnet migrating in June. The second phase will extend the migration to Optimism SNX stakers after the Ethereum phase. The migration will be seamless, with SNX and sUSD in V2X being migrated 1:1 in v.3.0 without burning staker sUSD debt.

Space with Rage Trade

"... 7pm UTC! We're going live with @rage_trade to dive deep into their upcoming integration with Synthetix Perps V3 and their strategy..."

"Infinex Connect drops Monday for Patrons. Our next step in bringing the Infinex experience to DeFi. Starting with support for @Aave..."

StratoVM will launch its public mainnet in the third quarter.

AUDIO

-3.47%

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Governance Call

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Governance Call

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SNX FAQ

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