Tagged: synthetix

OKCoin Claims it’s First Licensed Crypto Exchange to Support Compound’s cUSDC and cUSDT Tokens

Crypto exchange OKCoin confirms that they recently listed Uniswap’s UNI governance token and are now planning to list cUSDC and cUSDT tokens from Compound, which is another major algorithmic money market developed on Ethereum (ETH). As explained by the OKCoin team, UNI is the governance… Read More

DeFi Token Synthetix (SYNTH) Briefly Surges Past $1 Billion Market Cap Before Strong Correction of Decentralized Finance Markets

Synthetix, a “decentralized” asset management protocol that offers non-custodial mimetic trading, had briefly surpassed the $1 billion mark (according to DeFi Pulse data). However, the decentralized finance (DeFi) market has experienced a somewhat strong correction, as around $1 billion in value has been lost almost… Read More

Digital Asset Exchange OKEx Introduces Daily Options Trading for Cryptocurrencies, Adds Support for Synthetix (SNX), a DeFi Protocol

Crypto-asset exchange OKEx, which offers spot and derivatives trading with digital currencies, recently added three more expiration dates to its options trading. They include options trades that may be settled daily, after every two-day period, and monthly. OKEx had already been offering weekly, bi-weekly, quarterly… Read More

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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