#SNX
We're excited to announce that with today's Pollux release, all Synths are now powered by @chainlink's network of decentralised oracles! This marks a major step forward for the decentralisation of Synthetix, as oracles are a pivotal $LINK in the system.
https://t.co/VPuYEVcY2s
https://twitter.com/synthetix_io/status/1300762710490005509
We're excited to announce that with today's Pollux release, all Synths are now powered by @chainlink's network of decentralised oracles! This marks a major step forward for the decentralisation of Synthetix, as oracles are a pivotal $LINK in the system.
https://t.co/VPuYEVcY2s
https://twitter.com/synthetix_io/status/1300762710490005509
Synthetix Blog
All Synths are now powered by Chainlink decentralised oracles
The next phase of the partnership between Chainlink and Synthetix
#SNX #fundamental
Synthetix proposed a SIP to end SNX inflation at 300m tokens in ten weeks.
This SIP caps the supply of SNX at 300m tokens and elevates the token supply to metagovernance status, meaning that any future changes to the token supply will require a unanimous vote by the Spartan Council.
The inflation for the current fee period has been minted raising the total supply to 293m SNX. After the current inflation is distributed this period, inflation will run for a further ten fee periods with 674 873 SNX minted each week until the total supply reaches 300,000,000.
Circ. supply - 234M SNX
• SIP-276 • Kain.eth • DropsTab
——
🪆Перевод
Synthetix proposed a SIP to end SNX inflation at 300m tokens in ten weeks.
This SIP caps the supply of SNX at 300m tokens and elevates the token supply to metagovernance status, meaning that any future changes to the token supply will require a unanimous vote by the Spartan Council.
The inflation for the current fee period has been minted raising the total supply to 293m SNX. After the current inflation is distributed this period, inflation will run for a further ten fee periods with 674 873 SNX minted each week until the total supply reaches 300,000,000.
Circ. supply - 234M SNX
• SIP-276 • Kain.eth • DropsTab
——
🪆Перевод
Newsmaker.сlub
#PBC Palm Beach Confidential’s vision: Buy Lido DAO (#LDO). Buy-up-to Price: $12 Buy Chilliz (#CHZ). Buy-up-to Price: $0.30 Buy Ethereum Name Service (#ENS). Buy-up-to Price: $20 Buy Polygon (#MATIC). Buy-up-to Price: $4 Buy Binance (#BNB). Buy-up-to…
#PBC
Palm Beach Confidential’s vision:
• Buy Rocket Pool (#RPL) up to $60
• Hold #BNB.
• Hold #ADA.
• Buy #AAVE up to $250.
• Buy #UNI up to $15.
• Buy #COMP up to $800.
• Buy #ZRX up to $3.
• Buy #CHZ up to $0.30.
• Buy #ENS up to $20.
• Buy #AVAX up to $125.
• Buy #LINK up to $10.
• Buy #SNX up to $21.
• Buy Hut 8 Mining (#HUT) up to $8.
——
🪆Перевод
Palm Beach Confidential’s vision:
• Buy Rocket Pool (#RPL) up to $60
• Hold #BNB.
• Hold #ADA.
• Buy #AAVE up to $250.
• Buy #UNI up to $15.
• Buy #COMP up to $800.
• Buy #ZRX up to $3.
• Buy #CHZ up to $0.30.
• Buy #ENS up to $20.
• Buy #AVAX up to $125.
• Buy #LINK up to $10.
• Buy #SNX up to $21.
• Buy Hut 8 Mining (#HUT) up to $8.
——
🪆Перевод
I might miss something today and tomorrow, like SNX just now 😒
#SNX. Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix
——
Some other news, that you already know I guess:
#CS. UBS [biggest Swiss bank] agrees to buy Credit Suisse [the second biggest] for more than $2bn. The Swiss National Bank has agreed to offer a $100bn liquidity line to UBS as part of the deal. The US Federal Reserve has given its assent to the deal, they added.
#FED. The Fed is trying to save the day as best they know how... The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
#BTCD. Domination has grown without leaving a chance for anyone, especially ETH. Now right at the top of the range. A slight pullback is probable.
#CHZ. Getting ready for @chiliz $CHZ Bridge (ERC20 <> CAP20)
• SNX | CS • FED • BTCD • CHZ
——
🪆Перевод
#SNX. Market Maker DWF Labs Invests $20M in DeFi Liquidity Protocol Synthetix
——
Some other news, that you already know I guess:
#CS. UBS [biggest Swiss bank] agrees to buy Credit Suisse [the second biggest] for more than $2bn. The Swiss National Bank has agreed to offer a $100bn liquidity line to UBS as part of the deal. The US Federal Reserve has given its assent to the deal, they added.
#FED. The Fed is trying to save the day as best they know how... The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank are today announcing a coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements.
#BTCD. Domination has grown without leaving a chance for anyone, especially ETH. Now right at the top of the range. A slight pullback is probable.
#CHZ. Getting ready for @chiliz $CHZ Bridge (ERC20 <> CAP20)
• SNX | CS • FED • BTCD • CHZ
——
🪆Перевод
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#SNX
Synthetix founder wants to buyback and burn millions of SNX tokens
Kane Warwick, the founder of Synthetix, has come up with twelve proposals to incentivize the next phase of the project.
Among these included a “SNX split and buyback” proposal that involves a 3:1 split of SNX, followed by a buyback and burn.
• The Block
——
🪆Перевод
Synthetix founder wants to buyback and burn millions of SNX tokens
Kane Warwick, the founder of Synthetix, has come up with twelve proposals to incentivize the next phase of the project.
Among these included a “SNX split and buyback” proposal that involves a 3:1 split of SNX, followed by a buyback and burn.
• The Block
——
🪆Перевод
The Block
Synthetix founder wants to buyback and burn millions of SNX tokens
Kain Warwick, the founder of Synthetix, has announced twelve proposals to incentivize the next phase of the project.
#SNX
Already +50%…
Synthetix is building a perpetuals trading platform to rival CEXs
Synthetix is planning a trading platform for perpetual contracts named Infinex.
Infinex will enable trades on the Ethereum Layer 2 network Optimism, and it will operate in tandem with Synthetix.
• The Block
——
🪆Перевод
Already +50%…
Synthetix is building a perpetuals trading platform to rival CEXs
Synthetix is planning a trading platform for perpetual contracts named Infinex.
Infinex will enable trades on the Ethereum Layer 2 network Optimism, and it will operate in tandem with Synthetix.
• The Block
——
🪆Перевод
The Block
Synthetix is building a perpetuals platform 'Infinex' to rival CEXs
The Infinex platform will enable perpetual trading on the Ethereum Layer 2 network Optimism, and it will operate in tandem with Synthetix.
Newsmaker.сlub
#SNX 30 min ago… I am once again asking the Spartan Council to end SNX inflation. • Kain | Proposal —— 🪆Перевод
#SNX
The End of Synthetix Token Inflation
• SIP 2043 Implementation: Ends SNX token inflation.
• SNX Inflation History: Initiated in 2019 to bolster staking, adjusted in 2022 to a dynamic system adjusting to staker behavior.
• Diminishing Impact of Inflation Incentives: Recently, inflation became less effective as an incentive, leading to its termination.
• Unique Inflationary Model: Distributing inflationary rewards across all healthy stakers caused confusion among users due to staking complexity.
• New Rewards Structure: Post-inflation, both stakers and non-stakers benefit from the changes. Stakers receive additional benefits, and non-stakers are no longer disadvantaged.
• Future of Synthetix without inflation: Simplifies staking, improves user experience, and paves the way for strategies like buyback and burn, beginning in the upcoming Andromeda Release, to reduce the SNX token supply.
• SNX
——
🪆Перевод
The End of Synthetix Token Inflation
• SIP 2043 Implementation: Ends SNX token inflation.
• SNX Inflation History: Initiated in 2019 to bolster staking, adjusted in 2022 to a dynamic system adjusting to staker behavior.
• Diminishing Impact of Inflation Incentives: Recently, inflation became less effective as an incentive, leading to its termination.
• Unique Inflationary Model: Distributing inflationary rewards across all healthy stakers caused confusion among users due to staking complexity.
• New Rewards Structure: Post-inflation, both stakers and non-stakers benefit from the changes. Stakers receive additional benefits, and non-stakers are no longer disadvantaged.
• Future of Synthetix without inflation: Simplifies staking, improves user experience, and paves the way for strategies like buyback and burn, beginning in the upcoming Andromeda Release, to reduce the SNX token supply.
• SNX
——
🪆Перевод
Synthetix Blog
What is the Andromeda Release?
The Andromeda Release marks a significant advancement for Synthetix, featuring the deployment of Core V3 and Perps V3 simultaneously, the addition of new collateral in the form of USDC, and deployment on a new blockchain, Base. This release will propel Synthetix…