Tagged: synthetix

Implications Staggering? Price Feed Glitch Allows Trader to Mint Ether and Generate $1b Paper Profit

A trader on Synthetix, “a decentralized protocol focused on creating synthetic assets,” took advantage of a price feed (oracle) glitch governing smart contracts on the platform to mint $37 million in synthetic ethers, Crypto AM reports. According to a blog post by Synthetix, the manoeuvre… Read More

Synthetix Launches Ethereum Synthetic Bitcoin “sBTC”

Synthetix, a decentralized synthetic asset platform, has launched a synthetic Bitcoin on the Ethereum blockchain known as synthetic Bitcoin (sBTC). This news comes just a couple of months after Synthetix rebranded from Havven. According to Synthetix, sBTC provides access to the value of Bitcoin without the friction of… Read More

Havven Rebrands to Synthetix & Launches Crypto-Backed Synthetic Asset Platform 

Havven announced on Thursday it has rebranded as Synthetix and launched a new suite of crypto-backed synthetic asset tokens. According to Synthetix, these tokens are priced against the Euro, Japanese Yen, Korean Won, Australian Dollar, and gold. They also complement Synthetix’s first stablecoin (sUSD), which tracks the… Read More

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