Synthetix Network Token (SNX) is now available on DeFi Swap—the best place to swap and farm DeFi tokens. Liquidity Providers are rewarded with Swap-Fee Sharing, and are able to boost their yield by up to 20x when staking CRO.
Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s.
SNX joins the growing list of tokens on DeFi Swap, which includes DeFi Pulse Index (DPI), Enjin (ENJ), Huobi BTC (HBTC), renBTC (RENBTC), TrueFi (TRU), Curve DAO Token (CRV), AAVE (AAVE), NEST Protocol (NEST), REN (REN), UMA (UMA), Swerve (SWRV), Harvest Finance (FARM), Uniswap (UNI), Wrapped Bitcoin (WBTC), Yearn Finance (YFI), Ethereum/Wrapped Ether (ETH/WETH), Tether (USDT), USD Coin (USDC), Dai (DAI), Chainlink (LINK), Compound (COMP), and Crypto.com Coin (CRO).
Start swapping, farming, and staking now.
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