SNX

jewbagel10

ENS, Lido, Decentraland, Chainlink, BAT, OpenSea, and ton of Swaps, Storj, AAVE, Enjin, 0x, Compound, Balancer, Polymath, SNX. Enjoy trolling

jewbagel10

ENS, Lido, Decentraland, Chainlink, BAT, OpenSea, and ton of Swaps, Story, AAVE, Enjin, 0x, Compound, Balancer, Polymath, SNX. The list can go on for longer than I care to deal with your troll ass

L3mm3SmangItGurl

SNX. It’s the collateral for probably the best on chain derivatives markets and the only one (I think) on Optimism. What I’m looking for in a crypto investment is use case *for the token itself*, and token sustainability. SNX use case: There is financial incentive to provide collateral to the system because it entitles you to a share of the fees which actually generates a decent APY. Sustainability: The token doesn’t require infinite inflation to support itself (though, it is currently inflationary and will be for a couple more months). Coming back to the fees, the protocol generates enough value that people are using it, for a fee, even in a bear market.

tipsoutforharambe

SNX as a staker. You collect trading and liquidation fees from their leverage platform. Token emissions are about to cease because fees now make rewards self sustainable.

thomatrain112288

Thoughts on Synthetix (SNX) being able to move to a fixed token supply model AND continue to generate the same revenue? [https://www.publish0x.com/cryptoeq/synthetix-snx-a-productive-yield-generating-token-and-a-fixe-xwyyoxg](https://www.publish0x.com/cryptoeq/synthetix-snx-a-productive-yield-generating-token-and-a-fixe-xwyyoxg)

tipsoutforharambe

ETH and SNX Memecoin …. OPP

scurvyrash

SNX

JuustinB

I bought most of what I bought in 2019-2020. I slowly accumulated VET and ADA. Had some BTC too but only like .10. My average buy for VET was well under a cent and ADA I bought a bunch of at a nickel in early 2020. Sold both on the way down late last year. I know VET is not a very well liked project anymore on this forum but it was big for me. I also bought a few losers in 2021 amidst the hype that ate away a bit of my profits, SNX being the worst culprit of that (bought at peak, sold at an 80% loss).

xiwefe2

Well when they say buy crypto it goes down, but when they say don't buy...get all in haha..I think the markets have tanked, maybe we are in for another blow to the downside than some crabing and finally new bull run will come..Bullish on COMP GRT THOL SNX ..Wondering if in this bull market ETH will come really close to BTC mktcap...imo its gonna get close cuz of the merge

snowfox2012

Anyone know why SNX is pumping so hard?

tipsoutforharambe

SNX, all day. Staking rewards are great and only getting better as Trading and liquidation revenue rolls in.

xiwefe2

Well looks like half of Americans aped into crypto when mainstream media said its a good moment to buy crypto. The sheeps for cutting are a must in stocks and in crypto..They should just hodld thru and wait for next bull run..I don't worry ,rather be looking and investing into new tech that will have good use cases..Bullish on AZERO, ALGO, SNX and waiting for THOL to finally list, their vision abt fundraising is just another lvl ..but just my two cents..if u want to be secure af just buy BTC, but the gains arent the same as at alts

xiwefe2

Well when u just look at developing countries it took them by storm, crypto is expanding worldwide and helping people with everything , from payments in the supermarket, to investing and coming in huge gains..Times rn are bearsih and the weak hodlrs will b1tch about it..but these are the perfect times to invest into revolutionary tech that is gonna go full bullish in the future, for me thats KDA , SNX , THOL and AZERO...bullish on THOL from angelblock the most since they're building a platform that will revolutionize fundraising and stop greddy vc's from entering into the space

0x6835

Anyone one else having a hard time justifying investing in projects other than ETH right now? Even compared to #RealYield trend these days (GMX, Umami, SNX, GNS, etc), L2s, DeFis, post-merge ETH staking looks more fundamentally sound. * Ethereum protocol has more fully doxxed developers looking into and building on top of it, which means there is less smart contract, hacking, rug-pull risk. EF also has one of the biggest bug bounties. * It's time tested and has institutional backing. * ETH ICO launch was fairer to the community which resulted in less ETH centralization by devs and insiders. * ETH tokenomics is very hard to change now with a simple DAO/foundation vote. * Staking rewards will get a small pump to ~5-8% APR, more if you stake with RP. * Mining rewards of ~13,000 ETH/day will be over, dropping the new new ETH issuance by ~90%. Most current projects reward token holders with high inflation rewards, which dilute the token price and create constant sell pressure. Umami + GNS? is an exception here. * EIP-1559 + reduced ETH issuance will lead to even less supply growth and sell pressure. * The prices of almost all tokens is tied to ETH. They tank when ETH tank and moon when ETH moons. There is little to no point in diversifying in the same sector when there are others opportunities outside of crypto.

Winter-Divide-8049

Alright here is SNX. There is more to discuss about entries, exits, etc. But for the most part SNX is printing some good level to level trading. Message me if you have any questions or want to discuss the ideas here https://www.tradingview.com/x/uTGLDi6i/

thomatrain112288

Synthetix (SNX) Has Changed A Lot Under the Hood! Should You Pay Attention? Oracles, TWAP, Kwenta, Mintr, Liquidations, Atomic swaps, Staking, Collateralizations ratios, and more [https://www.publish0x.com/cryptoeq/synthetix-snx-has-changed-a-lot-under-the-hood-should-you-pa-xozopmq](https://www.publish0x.com/cryptoeq/synthetix-snx-has-changed-a-lot-under-the-hood-should-you-pa-xozopmq)

xiwefe2

I need time to load up on KDA AZERO THOL SNX ,befor the next bull run starts...But i think we will have enough time with the current economic conditions...So chill, dyor and invest into innovation rather that old projects that barely moved in this bull run..my two cents

grow_on_mars

Answer the question? Also, how many dapps will generate fees higher than bitcoin in 6 months? 12 months? Uniswap Aave Prolly GMX Prolly ENS Prolly SNX

tipsoutforharambe

It’s weird. As a SNX staker, I see the price drop and need to keep an eye on my C-Ratio. However, I know the price swings are going to liquidate people this epoch which will pad my SNaX from revenue.

BoredApeNaziClub

SNX staking or miss me w that

tipsoutforharambe

Tough because SNX is both based and vibing. 🤔

xiwefe2

Institutions are allways first after the bear market, gotta load em bags securely and not with to much notice..Then they will send it up again. Accumulations of smart investor is happening when there is blood on the markets..And i think in the next run we will see the relatively new shiney stuff emerge onto the top ,the ones working hard, like it was with MATIC,THETA,LUNA,SOL in the last bull run..from 0 to 1000%'s in gains real quick haha..my bags these days like to eat KDA,AZERO,THOL(waiting for listin),ETH,EGLD,SNX..Wen pump sers?

xiwefe2

Dude chill..most of people here are allmost 100% crypto , I'm arnd 60% crypto and i think that will go even higher in the future as things are going , bullish on ofc BTC ETH and KDA AZERO THOL CELO SNX, i think they will bang very well in the next up cycle

xiwefe2

Seems like the party got started, crypto had its rest and a deep fall..now its the time to put the show on the road, i think that AZERO KDA SNX THOL will be great performers in the gain dept. Let just hope blackrock is not playing around with the markets and that this pump leads to higher heights

tipsoutforharambe

Synthetix (SNX) - decentralized financial trading products running on their over collateralized stable coin.(sUSD). Stakers receive all platform fees and liquidations.

tipsoutforharambe

I rotated into SNX and VELO. One is generating fees back to stakers (SNX) and the other is airdropping more OP back to people that lock up (VELO).

Ilogy

Most coins that have value have unique uses. UNI is a governance token for the Uniswap protocol, ETH operates the Ethereum blockchain, SNX allows you to create derivatives, etc. What does SHIB do? I have no idea---I don't think it does anything, its just a meme token, but the whole idea of the meme token, whether you can swallow this or not, is that capital comes first and then development follows---but the investors during bull runs, and particularly this latest bull run, are dumb money. So your point is well taken, but comparing SHIB to Bitcoin? Really?

tipsoutforharambe

Today is a good day for all SNX Spartans ⚔️

JuustinB

Best... ADA, bought at a nickel, sold near ATH. Worst... SNX. Paid over $20.

Rampant_Pizza_

I would suggest u invest in proper projects if u like crypto, but stay away from trading..That's my personal opinion cuz most of the traders get wrecked and the hodlrs profit (if they lift the funds in a bull) ETH AZERO THOL CELO SNX are my winners for the next bull run..u dyor about it and pick your pairs

tipsoutforharambe

Ahhh everyone trying to guess the CPI direction and getting liquidated just means a bigger payday for us SNX stakers. Thanks for the cheddah ya degens.

0x6835

One good thing about ETH price tanking is that I get to reach my minipool goal and have more dry powder stacked to deploy than I planned. I've been thinking about slowly accumulating few projects for the next 1-2 years, replacing my Stables with ETH rewards once withdrawals unlocked and taking profits as they come. Here are my picks: * RPL (Reach 150% collateral) * CRV * COMP * MATIC * SNX * LOOKS or X2Y2 I'll keep my eyes on GMX, CAP, P2E and P2M projects in the meantime. what do you think of this plan?

Mr_Fignutz

SNX

tipsoutforharambe

With Synthetix rewards being so high with fee revenue being so high Hyper-compounding SNX has been my favorite bear market activity. Claim rewards on Wed -> mint sUSD (C-Ratio drops) -> swap for more SNX (C-Ratio increases) -> get more rewards due to higher stake

tipsoutforharambe

DCAing ETH and managing SNX C-Ratio that creates incentivized periodic buying.

GoldenReliever451

ETH, LINK, and maybe SNX and GMX

rastafarey25

Lol I have all the coins you've mentioned except SNX. Not really disappointed since I only invest what I can afford to lose. I DCA, Btc, Ada, Algo, and Ltc in Netcoins. Though I'm not happy with the price decrease, I still choose to purchase since I believe that each project is still worth it.

spectral_fall

I bought some SNX but it seems so complicated to stake. Oh well, guess I'll get 2% on Gemini Earn

snowfox2012

What baffles me though is that their DeFi tokens still have value. Like what is the purpose of UNI or SNX besides paying incentives? While the projects are amazing, the tokens are complete garbage and somehow people do not see that

snowfox2012

SNX does not belong where it currently is

snowfox2012

Anyone know why SNX is pumping?

WhiteNinjaOz

Be careful about spreading misinformation. Celsius never offered 20% APY in the 1-2 years I've been following them, with the possible exception of the SNX token which had it's own yield structure. Only Anchor offered 20%. Celsius stablecoin rates are now 7.1% and Bitcoin 1.0-6.5%, which is relatively on-par with other similar operators. Or you were able to choose to earn interest in the CEL token (granted you had a significant amount staked) to earn an additional 2% or so.

royale442

Very confident. Take a look at the stock market and see how APPL, NASDAQ, DOW J, S&P 500, etc have faired over the past 4 decades. Crypto has had a somewhat similar cycle to stocks, SNX even more rapidly. Besides, the crypto market has been garnering traction since it’s inception with ingenious platforms like Ethereum, Chainlink, Polkadot, Ocean Protocol, Polygon, etc. Also, take a look at how BTC has ushered in a stream of tech innovations since it’s inception.

xiwefe2

It will be there one day. Just lets hope the inflation does not go so far that 250k in the future wont be worth like today 100k. But i think u can get greater gains with KDA/EGLD/SNX Bullish on KDA the most, the only L1 that scales like it does, their ecosystem is expanding in the bear market,Kaddex is a clear sign they're on a road to sucess, DEX thats gas free and ultra secure. Can't wait for the next bull run, tho it might be a year or two away,just gotta accumulate now in the bear.

AESTHTK

SNX (Synthetix)

joannew99

Literally took all 99% of my ETH off that platform 1 1/2 day before they froze withdrawals. It took 24 hours to disable HODL mode and another 24 hours to add an address. Almost didn't make it 😭 😭 Only thing left on there is like .069 in ETH and .47 SNX. *WHEWWWW HUGE SIGH OF RELIEF!!!!*

Set1Less

Celsius already screwed up depositors by trying to trade their way out insolvency instead of going into administration. GS is just here to take whats left. Surprising its not someone big from crypto who pounced first, maybe too much bad blood bw Celsius and the others. Celsius tried to short few coins after they locked deposits trying to make up for their losses, didnt work out well. One of their shorts SNX went up 200% in the last week alone. Wreckage on top of rekt. Oof

tipsoutforharambe

Their Kwenta futures platform on L2 and atomic swaps are raking in fees that go to all SNX stakers. Everyone getting liquidated these last couple weeks has been great for staker rewards.

Comprehensive_Fly359

SNX been crazy as hell of late

Samsids

Anyone know why SNX is going up again?

tipsoutforharambe

https://twitter.com/burtrock69/status/1539312107405164544?s=21 Oh anon, you don’t have enough SNX do you?

McNeiltherealdeal

That’s the thought…but SNX also has a pretty insane P/E ratio, and stakers make a handsome 300%+ APY now with the updated mechanics. This is a combination of an asset getting a bullish price reassessment mixed with a massive short squeeze, this could be the gainer of the month like UNFI was.

McNeiltherealdeal

Nah, just means that someone wants the price of SNX to go down so much that it’s almost 90% of the supply, the rumor is that it’s Celcius trying one last big play with user funds. Short just means you’re betting on the price of an asset to go down.

McNeiltherealdeal

Looks like there’s so much short interest on SNX…I can’t believe this could be the next GME. 90% of the circulating supply is currently short — I had to put in $500 just in case SNX goes to some looney numbers like $30-$50. Never have I seen a crypto short like this.

McNeiltherealdeal

https://twitter.com/napgener/status/1539037969734062082 Anyone know what’s going with SNX? Is this the next GME scenario?

cj-tb

Sold 50% at a profit at 2.65 SNX my average 2.75 Will let the rest ride. My first target is 2.50, 2.17 if it gets there

karandi91

Anyone knows why SNX is up 80%?

WeeniePops

Why the heck did SNX pump so hard?

royale442

You’re good to go since you’re here for long term. I’m not really bothered about the short term price since I took long term positions. I’m also looking to add altcoins like DOT, OCEAN and SNX. There’s a lot happening in terms of product development right now.

maryetan

This is great, Bancor take real measures against impermanent loss. Anyway here are some of the names that join INDEX DAI SNX LINK ETH vBNT LPL ARCONA SHIBGF

RockEmSockEmRabi

Looks like that’s on SNX which also has a baked in rate of [21%](https://blog.synthetix.io/reaching-monetary-policy-consensus/)

uncreativeGod

Good list. SNX and OGN from the list looks great, although my favourite gem choice is FET

Shaw0xKey

Let me save you a click: 1. Syntetix network token (SNX) 2. Gala (GALA) 3. Audius (AUDIO) 4. DAO Maker (DAO) 5. Illuvium (ILV) 6. Origin Protocol (OGN) 7. Moonriver (MOVR) 8. XCAD network (XCAD) 9. Orion Protocol (ORN) 10. RMRK (RMRK) Good bot?

Despaciito

ADA, CKB, SNX, ETH, BTC, and maybe some DOT

AlexIsOnFire11

Any idea if they have SNX listed on there? Just curious

tipsoutforharambe

Sold a portion of my OP airdrop. Deposited into sUSD+3CRV pool on Curve to collect 5% CRV and 200% SNX rewards. Bridged the other half to Arbitrum to stake and increase eligibility for their air drop. Man I love early DeFi.

tipsoutforharambe

Either it all goes to zero or this SNX I claim each week is gonna pay off 😆

AlligatorDerby

I cut a few alts back in Jan: UMA SNX RVN and about 10 more lol ( had an altcoin fetish ) Also holding a few no matter what: Algo, Sol, Ada ~ though I got In at a decent price. Makes it easier. Then there are my FanBoi coins Like Cosmos ecosystem projects that I'm not sure, but I'll close my eyes and hope for the best. BTC, I'm still buying, casually, all the way down.

zedasd

Rotating most of it into btc for now. Long term wise, if you don’t mind the volatility, it’s not the worst idea. I got a $10 airdrop for SNX in 2018 and at the peak of it last year, it was at $300. So there’s a case to be made for hodling.

tsumy

Risky cosmos movers: L1s over cosmos as Juno and secret. They ve different focus (secret is more focused on privacy but it has a cost in TPS) Stargaze deserves to be checked too. Rising from the very bottom and suddenly in the top 10 of nft marketplaces. Low fees, fast, works fine. But, is heavily linked by the osmos pools so if the bears strike hard expect other halving in price. Cmdx wants to be a SNX over cosmos... But there's no working product yet

lastt1ger

I would avoid SNX because team keep selling...

Greenery_Financial

>This makes me worried that I am at risk of another LUNA situation by investing in this project. It'd happen differently, but yes - and this is why I sold all my SNX now, as well as a general lack of adoption + potential bear market + slowing community activity + CeFi alternatives being adopted heavily. The token mechanisms are Ponzi-scheme to the highest degree (not a real problem tbh) and can make the investors filthy rich if adoption occurs, but there are serious potential issues with it if you understand how derivatives work in relation to how they designed the system, and ultimately this is likely why actual volume hasn't come to the system but instead has chosen CeFi platforms that do not have such risks -- as there is actually a consenting counterparty involved on the CeFi derivatives exchanges.

scurvyrash

SNX is ded.

JollySno

Why? It’s actually true. The difference in Dai, SNX and the ADA stablecoin is that they’re overcollateralised, there are many long lived over collateralised stablecoins that haven’t died (yet)

midweastern

I've got MATIC, DOT, VET, SNX, and ADA, in descending order of holdings. I picked up some XTZ during the dip and am looking to dump my CRO as soon as I can. I'll probably put that money into whatever is dumping the hardest - right now that's looking like MATIC or DOT.

ctgjerts

I bought BTC at $65k. Still have it. I have BTC, SOL and Matic mostly. I have a little ETH, SNX cause Celsius was paying 14%, and that's it. I wont buy any more ETH because I have an issue with slow and expensive. I'm stacking BTC and SOL all the way down and will continue to do so for at least 3.5 more years. Don't focus on the value of your positions now - focus on the expected value of these positions when you plan on getting out, unless one of them explodes in value and you want to take profits.

tipsoutforharambe

ETH bought. SNX bought. JEWEL bought. Keep’em coming.

Bassman5k

I bought some SNX for the 15% staking rewards. Ouch

kalashnikovBaby

Why is SNX down so much from $29? I just found out about it and it looks really appealing and has a lot of potential (like many other currencies). Have they been missing milestones? What's up with them?

Upvote_Me_Slag

My USDC been working hard scooping up cheap bags. SNX, XEQ, FTM, ETH, MIR. I kept 30% of my USDC in case we shit down further. Sold 80% of my alts over the last few weeks as down was more likely than up. My advice. Take profits. Don't let greed keep you hodling forever. Without dry powder you can never win unless you get lottery lucky on a shitcoin.

scurvyrash

SNX.

AlexIsOnFire11

LINK. Also SNX if you like staking for 20-60% APY and rewards payouts every Wednesday.

AdhesivenessNo6319

Celsius is very easy and straight forward with rates, fees, etc. I like it for staking SNX because they have some of the highest apy

necbone

Thank you! Didn't know about this and didn't know other people knew about this Optimism network. I got on it because of SNX. Gonna get 2300 tokens from this now, coolbeanz