Reddit Posts
Staking or lending to survive the bear market?
This Friday's heatmap is looking green all the way. LUNA (+232%), LUNC (+81%) and RVN (+60%) showed the most active growth this week, and NEXO (-12%), 1INCH (-10%) and SNX (-7%) dropped down more than others. The global crypto market cap is $1.04T.
This Friday's heatmap is looking green all the way. LUNA (+232%), LUNC (+81%) and RVN (+60%) showed the most active growth this week, and NEXO (-12%), 1INCH (-10%) and SNX (-7%) dropped down more than others. The global crypto market cap is $1.04T.
New Comprehensive Guide to the Synthetix Ecosystem on Optimism released!
Synthetix looks to turn off the SNX money printer once and for all
Shouldn't we be Extremely Bullish on SNX?
Synthetix (SNX) Price Prediction 2022, 2025, 2030 - ChangeHero Blog
PancakeSwap (CAKE), Synthetix (SNX) Prices Appreciate As Chronoly (CRNO) Surges Further By DailyCoin
What to buy beside BTC and ETH. 5 Defi projects for those looking for a good investment.
Are you disappointed in any project that you have invested in?
We, the Financial Revolutionaries. (plus crypto daily recap)
The Defiant releases Article on Synthetix and talks about Atomic Swaps!!
Synthetix racks up over $1M in daily fees as SNX token value surges 100%
Utility Tokens Vrs Governance Tokens
#RoastMe. Look at my portfolio and tell me where I have messed up and where I can improve.
SYNTHETIX SNX - TOP ALTCOIN TO BUY FOR 2022 - SYNTHETIX NETWORK HUGE UPDATES - SNX Price Prediction
Synthetix (SNX) rallies in anticipation of L2 Curve Wars and Optimism airdrop announcement
Bridging CeFi and DeFi with SNX and Portal Asset Management
What are Governance Tokens and why they are hot.
Bancor 3 Beta just launched - here’s a summary of a protocol you should be aware of
Should I put the rest of my cash position into BTC, ETH, DOT, or MATIC?
What are the coins with the lowest transaction fee in this list?
Synthetic assets and move to earn, DUET and GMT new tokens.
Synthetic asset network may likely emerge this year.
Crypto to Look-out for this Week: BTC, SHIB, DOT, ETH, & SNX
Although the concept of liquidity mining has been around for a while, it has been tepid before. However, just after the decentralized finance (DeFi) protocol Compound launched a new mechanism and distributed its network governance token COMP to users, liquidity mining suddenly became popular.
Someone give me hopium for SNX (is it the undervalued LRC?)
I'm a victim of the Binance Dogecoin upgrade mistake. Can anyone help?
recommendation of a new project
Don't FOMO with these "if you invested $1000" posts. Here are some lack luster gains from Jan 2021
2022 is likely to be a market for deep value investors. Even right now, as BTC is weak, some fundamentally strong coins are up 100% in a week. I think this trend will continue of undervalued coins catching up
xToken – DeFi project that is upgrading its scale to an ecosystem ⬆️ Big updates releasing soon 📈 Low MCAP 🚀 Easy 100x potential 🚀 Strong backing from big names in DeFi 💎 $XTK
Good, Bad, Ugly of Yield Farming | Economics of yield farming and Agrarian Society 2.0 :O
Just sold all my SNX, maybe you should too…
Which should go to the chopping block?
Best of the Best Staking/Earn Rates (Update Nov 2021)
So, is it impossible to use those coins because gas fees or...?
Does anyone else have the urge to constantly move coins from one project to another?
What do you think of this crypto portfolio allocation?
Synthetix (SNX) vs UMA Protocol (UMA) [2021]
Crypto101: Good, Bad, Ugly of Yield Farming :O
Is SNX a good investment right now?
Does anyone else have the urge to constantly move coins from one project to another?
Where would you rank the current ETH Killers (SOL, LUNA, DOT, AVAX, ADA, others) in terms of short-term (1-2 years), medium-term (2-4 years), and long-term (5-10 years) viability? Why?
I was wrong about Friday, but hold the central thesis
SynthCity | Just Fair-Launched 🔥| NFTs | SNX Rewards
Whats everyone buying during this sale?
BTC, XRP, ZEN, SNX, WAVES, AVA - Technical Analysis September 16th
OKCoin’s Earn offers APY of 430% in MiamiCoin. Can anyone confirm? Pros/cons?
The upcoming "market darlings" to look out for. Where the bulk of the bull market's money will go to.
Whitepaper and Growth Potential Analysis: Ten coins that can realistically go up 500% in price in the near future.
The Good, Bad, Ugly of Yield Farming :D
Does anyone else find Coinbase extremely untrustworthy?
Staking Rates for September 2021 have Changed for Exchanges
Cryptocurrency has the potential to relieve financial hardship for Afghans.
Cryptocurrency has the potential to relieve financial hardship for Afghans.
I am my leagues fantasy football commissioner and I am about to collect 1K in league fees ... what coin should I invest it in for the next four months?
Full Due Diligence Write-Up on Acala: Overview, Team, Backing, Market Comps, Tokenomics, Opportunity, etc.
Anyone here have experience with Synthetix?
Due diligence report on Acala. Tokenomics, ecosystem, market comparables, community, backing, team, etc.
Full BDD review on Acala. A write-up on the Team, Ecosystem, Market Comps, Tokenomics, Backing, Community, and Opportunity.
What is Chainlink and How It Became a Game-Changer in Web3 Universe
Early Bird - Feature packed token (less than 2 weeks old) phase II starting!
How DeFi Grew Into A $70+ Billion Industry - Analysis
Moons having more holders than other top 100 coins!!!
Staking/Earn Interest Rates August 2021
How DeFi Grew Into A $70+ Billion Industry - Analysis
The Bankless BED Index Composition: 33% Bitcoin, 33% Ethereum, 33% DeFi.
The Bankless BED Index Composition: 33% Bitcoin, 33% Ethereum, 33% DPI. DPI = UNI AAVE MKR SNX COMP SUSHI YFI LRC REN KNC BAL CREAM FARM MTA
Grayscale Investments, the world largest crypto fund with $30B in assets under management launches Defi Fund. Consists of UNI, AAVE, COMP, CRV, MRK, SUSHI, SNX, YFI, UMA, BNT
Grayscale Unveils DeFi Fund Linked to New CoinDesk Index
One more application of crypto - cascading, infinite leverage!
➡️ Good, Bad, Ugly of Yield Farming | Econteric.com
➡️ Good, Bad, Ugly of Yield Farming | Econteric.com
➡️ Good, Bad, Ugly of Yield Farming | Econteric.com
Synthetix hits one-month high as SNX rallies 25% ahead of layer 2 exchange launch
If you want to join me in watching metamask account get robbed by some asshole look below
My crypto investment strategy (updated & simplified)
Mentions
If you're in it for the meme, maybe Buttcoin. I don't know about x1000, but right now two solid project that are high risk but high reward, are Harmony (they had a bridge hack that made them lose most of their value), or SNX (a derrivatives token that could either go sky high, or die from regulation). Or just bet on Moons.
Right now? Nothing. 50/50 USDC and sUSD and stake for 10% yield on Optimism while we wait to return to normal price action. After a 15-20% move down? 60% ETH, 20% ILV, 20% SNX… stake SNX, buy more ILV with the sUSD I get from staking.
what's an SNX and what are you going to do when the founders dump their bags on you
SNX skyrocketing, good thing i loaded up at $1.4 . AMA
>Also, at the end of the day DJED would be backed by 8x ADA and their governance token SHEN, kinda reminds me of this thing...what was it? Ah! UST. False. 1 DJED is backed by $4 to $8 *worth of ADA*. I.e. it is based on the dollar value of ADA, not the ADA itself; the lower ADA's price is, the more ADA will be required to mint DJED. >Apparently, they can meet regulatory requirements, so what is it? Fiat backed and regulatory compliant means USDA wouldn't be any different from USDT or USDC...meaning it must be able to be frozen. False. The only thing USDA could "freeze" is redeeming your USDA for dollars, meaning there is nothing stopping someone from just swapping to a different token. With USDC, you couldn't swap at all if you are blacklisted. >And finally, iUSD is a synthetic asset, meaning it has to be backed by an underlying stablecoin. It's not clear if cross-asset minting could be done from the documentation, but alas, if you need another stablecoin to mint it then that's a point of failure. Mint it with something that can be frozen and the synth will lose its underlying value. False. Synthetic assets are not backed by underlying stableoins; those are called wrapped assets. Synthetic stablecoins use oracles to mimic the price of the asset while being backed by a different currency (in iUSD's case, ADA; there is also sUSD on Ethereum that uses SNX), hence why it's called synthetic.
I just use the sUSD from staking SNX. Past that, newp.
I don't know of any left. Binance .com used to have them, but had to stop due to regulations. SNX had them too iirc, but not anymore.
My biggest bags were from 2018: SNX, Aave (bought as Ethlend), ADA, Fantom, Ethereum, BNB. Some of the coins did almost 100x, with other I only got a breakeven, like Icon or Bluzelle, to name 2. Also I did have some "luck" with a leveraged position on XRP when all the other altcoins had pumped but XRP hadn't, so I bought leveraged token in binance XRPUP and I did a 10x there with money that I had already did a 10-20x with before with other alts. I also lost money on leveraged altcoins later, but overall I made more than what I lost. I sold the biggest part of my portfolio in April-May 2021, because everyone was talking about it and it felt a lot like December 2017, I had PTSD. Now I'm DCAing only in bitcoin and in mid-2023 to late-2023 I'll DCA in alts, because I have noticed that the lowest risk for altcoins come about 7-10 months after btc bottoms.
Don’t forget to stake that SNX over on Optimism!
Bought some KSM and SNX lately. Juicy prices
ILV, SNX, and for the upcoming air drop some more OP.
SNX and bought a whole ass ETH.
**SNX** \- synthetic assets might bring a lot of interest from institutional money when proper regulation arrives **QNT (or any ISO-20022 compliant project)** \- NWO coins will bring huge attention from people FOMO'ing **DIA (or any oracle project)** \- a lot of smart contracts are going to be used in the future and they all need off-chain data provided by oracles
Nah, some staking coins out there actually get it right and keep reserves. SNX for example makes stakers partially responsible for managing their debt to the pool of staked SNX.
Go for SNX and use their staking setup on L2. Get you some 30%+ yield
Yeah it’s another DEX And fs. I’m trying gauge whether SNX is late to the party or price action stays down, so far I’m thinking the latter This one def a dino
True. Similar to how people say stock market =/= economy Maybe the price will do well despite the lackluster user metrics You provided a strong case, mentioning that SNX’s selling point, synths in the form of “wrapped” stocks and what not, is currently nonexistent Without that edge, I think I will also agree with you on its uselessness 😀
Last time that I checked SNX still not having the stocks which they removed. Having other real Defi options why would anyone trade shynts of other crypto assets?
What is the specific reason as to why $SNX hasn’t received the same influx of users post-FTX debacle like $DYDX, $GMX, and $GNS?
I think synthetix, SNX, has synthetic stock tokens that track the price of whatever stock using their coin SNX as the collateral for it. I don't know if they offer other services.
FTX "hacker" selling SNX now.
Your best play is USDC on Ethereum mainnet. DAI is out there but backed by a lot of USDC, for the moment. I get it, USDC has a lot of centralized aspects but if it goes down, we’ve got way bigger problems. I put things in sUSD since it’s fully collateralized by one decentralized asset (SNX) but that can be too technical for the casual investor.
I dont know. COTI and SNX also with weird pumps today. Are we in the upside down now? 😵💫
Without recommending anything, we are talking about coins and tokens like ATOM FTM ENJ SNX GRT. Actual things, not just service shitcoins being printed out.
alpha: if you do get a bag of SNX and stake it, you’ll likely catch a decent air drop come January. https://app.optimism.io/quests/synthetix-stake-assets
Ironically they are moving to exactly the architecture SNX has to address the issues. They’ll sort it out but it isn’t without risk if people have enough capital to game the longs/shorts.
Nice to see SNX made the list but damn it should be top 30
SNX, EHIVE, MATIC, OP are a few good ones.
Another Wednesday, another beautiful rewards claim on my SNX bag
I agree with you this space is 70% hype that why you need to get in on the gype before its too late, I think the recent hype currently is real yield project the likes of GMX, SNX and gains are leading the charts there another one that deserves honourable mention is projects building infrastructure to soften the effect of regulation on the privacy we enjoy from DeFi e.g Alliance Block with their TIDV product.
SNX… now thats a name i havent heard in a while
ENS, Lido, Decentraland, Chainlink, BAT, OpenSea, and ton of Swaps, Storj, AAVE, Enjin, 0x, Compound, Balancer, Polymath, SNX. Enjoy trolling
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
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.
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.
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)
ETH and SNX Memecoin …. OPP
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).
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
Anyone know why SNX is pumping so hard?
SNX, all day. Staking rewards are great and only getting better as Trading and liquidation revenue rolls in.
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
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
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.
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/
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)
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
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
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.
SNX staking or miss me w that
Tough because SNX is both based and vibing. 🤔
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?
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
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
Synthetix (SNX) - decentralized financial trading products running on their over collateralized stable coin.(sUSD). Stakers receive all platform fees and liquidations.
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).
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?
Today is a good day for all SNX Spartans ⚔️
Best... ADA, bought at a nickel, sold near ATH. Worst... SNX. Paid over $20.
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
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.
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?
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
DCAing ETH and managing SNX C-Ratio that creates incentivized periodic buying.
ETH, LINK, and maybe SNX and GMX
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.
I bought some SNX but it seems so complicated to stake. Oh well, guess I'll get 2% on Gemini Earn
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
SNX does not belong where it currently is
Anyone know why SNX is pumping?
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.
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.
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.
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!!!!*
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
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.
SNX been crazy as hell of late
