Synthetix SNX

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Synthetix is a protocol playing a role in providing liquidity and is built on Ethereum and Optimism. Show More

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Let's talk about the liquidation mechanism today. There is no standard process when your collateral debt ratio falls below a certain level, and someone buys your debt with discount, repays it, and takes your collateral. Show More

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Currently, there is $429 million worth of staked SNX on Ethereum and $233.7 million on Optimism. Show More

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Synthetix is a decentralized platform built on Ethereum and Optimism, where users can stake SNX (the native token) and mint sUSD with a collateral ratio of 500%. Show More

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