| NAME | CHAIN | PROTOCOL | APY | TVL |
|---|---|---|---|---|
| WETH-SNX | OP | gamma | 4.13% | $148,697.00 |
| WETH-SNX | OP | uniswap-v3 | 0.78% | $911,011.00 |
| SNX-RUNE | ETH | thorchain | 0.45% | $104,473.00 |
| WMATIC-SNX | MATIC | uniswap-v3 | 0.32% | $23,993.00 |
| SNX-SUSDCY | BASE | aerodrome-v1 | 0.31% | $77,612.00 |
| SNX-USDC | BASE | extra-finance | 0.25% | $112,848.00 |
| SNX-USDC | BASE | beefy | 0.23% | $18,028.00 |
| SNX-USDC | BASE | aerodrome-v1 | 0.23% | $821,710.00 |
| SNX-WETH | MATIC | uniswap-v3 | 0.21% | $16,329.00 |
| WBTC-WETH-USDCE-USDT-DAI-OP-LINK-SNX | OP | beefy | 0.17% | $34,474.00 |
| WETH-SNX | OP | arrakis-v1 | 0.16% | $10,084.00 |
| USDC.E-SNX | OP | extra-finance | 0.16% | $15,190.00 |
| SNX-WETH | OP | beefy | 0.14% | $11,016.00 |
| SNX-USDCE | OP | beefy | 0.13% | $10,010.00 |
| WSTETH-SNX | OP | velodrome-v2 | 0.07% | $21,317.00 |
| USDC-SNX | OP | velodrome-v2 | 0.06% | $54,259.00 |
| SNX-WETH | ETH | uniswap-v2 | 0.06% | $249,688.00 |
| SNX-WETH | ETH | sushiswap | 0.05% | $75,358.00 |
| SNX-WETH | ETH | uniswap-v3 | 0.05% | $486,097.00 |
| USDC-SNX-GRT-WETH | MATIC | balancer-v2 | 0.03% | $11,031.00 |
| SNX | BASE | extra-finance | 0.03% | $31,609.00 |
| SNX-WETH | ETH | balancer-v2 | 0.01% | $297,374.00 |
| SNX | OP | granary-finance | 0.01% | $12,258.00 |
| SNX | ETH | across | 0.00% | $125,666.00 |
| SNX | ETH | aave-v3 | 0.00% | $965,734.00 |
Why let your SNX stagnate when you can dynamically grow your wealth? With Nimbus, you gain access to meticulously curated yield farming opportunities tailored specifically for your SNX portfolio. It's time to elevate your crypto strategy and amplify your SNX earnings!
SNX yield farming is more than just a trend; it's a strategic move to maximize gains. By participating in SNX-based decentralized finance (DeFi) protocols, you provide liquidity and receive attractive yields. Nimbus takes the complexity out of the process, guiding you to the most rewarding opportunities within the SNX ecosystem.
Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord. The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
The network was launched in September 2017 by Kain Warwick under the name Havven (HAV). About a year later the company rebranded to Synthetix. Kain Warwick is the founder of Synthetix and a non-executive director at the blueshyft retail network. Prior to founding Synthetix, Warwick has worked on several other cryptocurrency projects. He also founded Pouncer, a live auction site exclusive to Australia. Peter McKean, the project’s CEO, has over two decades of experience in software development. He previously worked as a programmer at ICL Fujitsu. Jordan Momtazi, the COO of Synthetix, is a business strategist, market analyst and sales leader with several years of experience in blockchain, cryptocurrency, digital payments and e-commerce systems. Justin J. Moses, the CTO, was the former director of engineering at MongoDB and deputy practice head of engineering at Lab49. He also co-founded Pouncer.
Synthetix is a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is designed in a way that exposes users to the underlying assets via synths, without having to hold the underlying asset. The platform allows users to autonomously trade and exchange synths. It also has a staking pool where holders can stake their SNX tokens and are rewarded with a share of the transaction fees on the Synthetix Exchange. The platform tracks the underlying assets using smart contract price delivery protocols called oracles. Synthetix allows users to trade synths seamlessly, without liquidity/slippage issues. It also eliminates the need for third-party facilitators. SNX tokens are used as collateral for the synthetic assets that are minted. This means that whenever synths are issued, SNX tokens are locked up in a smart contract. Since launch, the protocol has transitioned to the Optimistic Ethereum mainnet to help reduce the gas fees on the network and lower oracle latency.
The maximum supply of SNX is 212,424,133 coins, of which 114,841,533 SNX is in circulation as of February 2021. At the seed round and token sale stages, Synthetix sold more than 60 million tokens and was able to raise $30 million. Of the total 100,000,000 coins issued during the ICO, 20% was allocated to the team and advisors, 3% to bounties and marketing incentives, 5% to partnership incentives and 12% to the foundation.
The SNX token is compatible with Ethereum’s ERC20 standard. The Synthetix network is secured through proof-of-stake (PoS) consensus. Synthetix holders stake their SNX and earn returns from the network fees. Another way for SNX stakers to earn rewards is via the protocol’s inflationary monetary policy, known as staking rewards.
SNX tokens can be purchased at top exchanges, such as: * Binance * OKEx * Coinbase Pro * Uniswap (V2) If you are interested in learning more about how to buy Bitcoin, read CoinMarketCap’s full guide here.
Blockchain is a decentralized and distributed ledger technology that securely records transactions across multiple computers in a verifiable and permanent way. It forms the underlying technology for cryptocurrencies like Bitcoin and enables transparency, security, and immutability.
Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks, typically based on blockchain technology, and facilitates secure and transparent peer-to-peer transactions.
Bitcoin is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It operates on a decentralized peer-to-peer network and is used for secure, transparent, and censorship-resistant transactions.
Bitcoin is the original and most widely recognized cryptocurrency, while altcoins refer to any other cryptocurrencies besides Bitcoin. Examples of altcoins include Ethereum, Ripple (XRP), Litecoin (LTC), and many others.
Staking involves participants locking up a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network. It is commonly associated with proof-of-stake (PoS) and delegated proof-of-stake (DPoS) consensus mechanisms, where participants receive rewards for helping secure the network.
To stake cryptocurrency, you typically need to choose a platform or network that supports staking. Transfer your tokens to a compatible wallet, follow the staking instructions provided by the platform, and lock up the desired amount of cryptocurrency. Once staked, you may start earning rewards.
Staking rewards are incentives provided to participants who lock up their cryptocurrency to support the network. The amount of rewards varies and is influenced by factors such as the network's inflation rate, the total amount staked, and the specific rules of the staking protocol.
The ability to unstake and withdraw your cryptocurrency depends on the specific staking protocol and network. Some platforms may have lock-up periods or unbonding periods during which your staked tokens are inaccessible. Always check the terms and conditions of the staking service.
Staking comes with risks, including the potential loss of staked funds if a participant behaves maliciously or fails to fulfill their responsibilities. Market volatility can also impact the value of staked tokens. It's crucial to thoroughly research the staking protocol and understand the associated risks.
While staking is designed to be a rewarding activity, there is a risk of losing money, especially if the value of the staked cryptocurrency decreases or if the staking protocol encounters security issues. It's important to consider both the potential rewards and risks before participating in staking.
Friday's Jobs report wasn't good news for BTC and the rest of the crypto-market.
AMBCrypto
Sep 07, 2024
La blockchain Bitcoin a récemment connu une flambée des frais de transaction avec le lancement de Babylon, un protocole de staking de BTC. Ce dernier permet aux blockchains en preuve d’enjeu (PoS) de bénéficier de la sécurité de Bitcoin, mais soulève des questions quant à ses implications et ses risques. Voici tout ce que vous devez savoir.
Cryptoast.fr
Sep 07, 2024
Le réseau Bitcoin, longtemps perçu comme une plateforme purement monétaire, vient de franchir un nouveau cap avec l’émergence du protocole Runes. En à peine cinq mois, ce dernier a permis de dépasser la barre des 50 millions d’inscriptions. Ce chiffre témoigne ainsi de l’engouement suscité par les innovations autour des tokens fongibles sur le Bitcoin.
Cointribune
Sep 07, 2024
Chris Larsen endorses Harris while Ripple funds 2024 elections, CEO backs GOP
Cryptoticker.io
Sep 07, 2024
Shiba Inu topluluğu, madeni paranın yakım oranındaki dikkate değer artış sonrası büyük bir heyecan içerisinde. Bu iyimserliğe rağmen, SHIB’in fiyatı genel piyasa trendlerini yansıtarak bir düşüş yaşadı. Pazarlama lideri Lucie, ekosistemin genel cazibesini artırmayı amaçlayan önemli gelecek projeleri vurguladı. Bu makalede, Shiba Inu etrafındaki son gelişmeler, dramatik yakım oranı artışı, yaklaşan ekosistem iyileştirmeleri ve fiyatını […]
CoinOTag
Sep 07, 2024
