SNX

ThinksYouToedIt

On Optimism - buy SNX, stake and mint sUSD weekly. take that stable and deposit into high yield farms on Velo or Stargate. collect big yields. also, cycle that ETH through ZK Sync, Layer Zero, and Arbitrum bridges to get airdrops

ThinksYouToedIt

Woah - Kwenta mentioned in the daily?! 😆 Been a holder and staker since launch. imo, they will do very well this cycle. the platform has built a rock solid onchain perps option while the bear was grinding along. plus, some SNX community proposals are going to defer portions of fees over to Kwenta stakers. don’t fade the Warwick brothers

ThinksYouToedIt

AERO - lots of people soon returning to Coinbase on this next run and that is the core DEX on Base. users that want to try out this “DeFi” thing will likely encounter this first. I’m also a big fan of the DEX it’s a fork of on OP - Velodrome. ILV - been buying this up the last two years but it’s still within a great buying range. if any gamefi has a chance to break out it’s Illuvium. if you stake you also get ecosystem fees. SNX/KWENTA - they are the OG Defi protocol about to make a serious run at having centralized exchange experience on chain.

Exotic_Cantaloupe_96

BTC, AAVE, INJ, SNX, LINK and just because i bought a lot MATIC

getupforwhat

lol, I have some coins on an exchange, basically the only CEX I use. SNX 0.40% up - Litecoin 0.35% up - Arbitrum 2% up - Kusama 38% down wen lambo?

khaosans

I mainly hold SNX

Prahasaurus

>He's been obsessively reading up on different coins and everything related to trading. Now, his birthday is coming up, and he's asking me to gift him money ($200, to be exact) as a part of his gift so he can try trading. There are two types of crypto investors: those that are clueless, spend all their time on exchanges like Binance chasing the next big coin, and are destined to lose their money and learn little or nothing. They "read" about crypto and think they know things. Their losses are not their fault, and they will always look for more money to feed their addiction. It's rarely "lose it all and quite," it's more like "lose it all and look for another 200 USD." The other type actually use crypto protocols, learn about how proper applications like Curve, Aave, SNX, etc., work, play around on L2s, and generally understand what is happening. These people learn valuable skills and can even find jobs in crypto, as they truly understand how applications are used, etc. 99% of crypto traders are the first type.

DigitalDude_42

I just noticed [Sonne Finance](https://sonne.finance/markets/) has 11% APR for sUSD (synthetix usd). I wonder if it's related to SNX price dropping a little and how sUSD relates to SNX. ie. if people had to pull out sUSD to repay their loans on their SNX. A different option? Like maybe the further MAI depeg which they also have in their market?

OkCaterpillar822

**Top 7 token unlocks for the upcoming week!** FIL - $28.9M APT - $24.1M GMT - $16.9M SEI - $14.6M SNX - $6.57M CYBER - $6.24M GFAL - $5.71M

OkCaterpillar822

**Top 7 Token Unlocks for the Upcoming Week!** **FIL** \- $28.9M **APT** \- $24.1M **GMT** \- $16.9M **SEI** \- $14.6M **SNX** \- $6.57M **CYBER** \- $6.24M **GFAL** \- $5.71M

MakeItRelevant

Synthetic issuers are very interesting Defi projects. I have SNX, UMA, and also DAFI within this category. I've been a fan of Dafi's Super Staking for a long time.

Feeling-Inside5147

FTX and Binance tried it, and failed. Bittrex, a US based exchange, tried and failed. Mirror and SNX tried and failed. Zero use cases for crypto and blockchain. Stop burning retail money, and be a decent human being. These blockchain failures have real world consequences.

Odysseus_Lannister

How’s SNX doing?

_Mastermojo_

I am a Synthetix Ambassador, Feel free to reach out in the discord or here if you have any questions! On-chain trading is going to be huge, and it is great to have competition, but Kwenta has the cheapest fees (Thanks to SNX perps) and best trading rewards.

CurveFinance

The protocols I listed in the comment to the other guy already did that. They use oracles to track the price of stocks which allows the creation of synthetic assets that are 1:1 with the real ones. SNX and Lina still have non kyc commodities and currency up right now

CurveFinance

They all pussied out, unfortunately. MIR, SNX, lINA etc. Chainlink and Band have oracles set up already so it's not a technical challenge

caixabancyc

>These options, especially UNI and SNX, look promising I completely agree with you and I am also looking at getting some myself alongside NXRA and TRIAS hopefully, the dip gives me a good entry.

ahalhavaes

These options, especially UNI and SNX, look promising. However, my plan is to include ANTC in my DeFi portfolio once it's launched. It stands out by offering staking and yield farming in a beginner-friendly manner without sacrificing the platform's long-term security. It's a strong appeal to the gaming and NFT community solidifies my stand.

Canjud

This makes me feel very bullish on real world asset projects. Now might be a good time to get into Polymath (POLY), Maker (MAKR), Ocean Protocol (OCEAN), Synthetix (SNX), Reserve Rights (RSR), and other RWA tokens.

coinfeeds-bot

tldr; Binance, the world's leading crypto exchange, is facing liquidity concerns amid executive departures, trading suspensions, and regulatory scrutiny. Several high-level executives have resigned and trading of multiple altcoins has been temporarily suspended. Amid these issues, crypto whales are shuffling coins around. Data reveals that a whale transferred $4 million worth of Synthetix (SNX) on Sep. 6, while another withdrew $16 million in Ethereum (ETH) after initially depositing $36 million. Despite these concerns, Binance CEO Changpeng Zhao dismisses recent fears. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

bears_or_bulls

Take a look into SNX. They are all about synthetic assets onchain.

Successful_Craft3076

I have BTC, Algo, mkr, aave, SNX, eth and my best performing coin is YGG which I bought with zero research and investigation and might be a literal shitcoin. Sad indeed

bigglesmac

These markets are where the good traders can thrive. Good holders will have to be a bit more patient. Personally am looking at defi1.0 as great killer dapp purchases during these levels. The trusted protocols of Ethereum. SNX, Maker, Aave, Uni, take your pick. All super undervalued right now and going to eventually be gobbled up.

bigglesmac

These markets are where the good traders can thrive. Good holders will have to be a bit more patient, for sure. Personally looking at defi1.0 as great killer dapp plays. The trusted protocols of Ethereum. SNX, Maker, Aave, Uni, take your pick. All super undervalued right now and going to eventually be gobbled up.

bigglesmac

These are markets are where the good traders can thrive. Good holders be patient. Personally looking at defi1.0 as great app plays right now. Trusted brands of crypto. SNX, Maker, Aave, Uni, take your pick. All super undervalued right now and going to eventually be gobbled up.

ricozuri

Thanks for the itemized info. Uniswap is my go to but also used PancakeSwap. Your list made me recall I have/had a small bag of SNX on Celsius earn which had a higher and easier APY than using DeFi. Lesson learned.

Shadowsfury

I got caught up in Celsius for a small amount but the sheer level of misinformation is frustrating at times The 18% APY is (was) from having SNX on the platform, not for BTC, not for ETH or any other coin /token They never promised such high rates for the big two.

TechCynical

The comments below are so detached from reality that it you can only assume the only things people have seen is either BTC or cumrocketinu69 coin Then again r/cc is the WORST place for any information on crypto as its always 5 years behind. There are hundreds of revenue-generating products and tokens that pay you the revenue of the platform for the services they provide. Theres literally entire sites dedicated for this like [https://defillama.com/fees](https://defillama.com/fees) and [https://tokenterminal.com/terminal/metrics/revenue#data-table](https://tokenterminal.com/terminal/metrics/revenue#data-table) Use DeFillama for more friendly UX and sort by holders revenue. These are all platforms and protocols that pay the user based on ACTUAL usage of their PRODUCT. Not minting tokens out of thin air, not some ponzi stuff, just actual usage and fees collected by people paying to use a service distributed to holders. \- GMX is the most solid example here being a leverage trading exchange on arbitrum. People pay fees to use the exchange and 30% of that gets distributed to holders of GMX. Same thing for GNS, SNX, LVL, and UNIDX on this list. \- Then you have protocols like THENA, VELODROME, CRV which are just normal spot trading DEXs which distribute some of the fees people pay to stakers of the token \- Then you have protocols like CONVEX, AURA, and RADIANT which have paying customers to do a service for them such as automated tasks, loan markets, or staking optimizer services. This whole narrative that anything besides BTC is just a ponzi is just an extremely butt hurt BTC maxi that their precious network cant do anything useful other than be traded on a CEX. Yes 99% of coins are ponzis but that's just a flawed interpretation of the statistic. 99% of stocks are also bullshit and 99% of companies are also bullshit. 99% of people that has started a restaurant has failed if it hasn't lasted more than 3 years. You see how the statistic means nothing? not even 1% of traded volume touches this 99% of ponzi esque projects so I'm not sure why its even brought up. If this was 2017 anyone can easily agree with you but this is what I mean by r/cc is literally 5 years behind because these tools and revenue-sharing products have existed for a very long time now. Anyone saying that crypto doesn't have any value backing its price is pushing a narrative or just completely clueless repeating some comment they read on forbes from 2014.

ahalhavaes

Excited to spot RIO on the list since I've been stacking it on Gate Exchange monthly. Also holding strong on DeFi tokens like SNX and YFI, and can't wait for the ANTC public sale.

DrinkMoreCodeMore

I'm seeing SNX (Synthetix) as number 100 with a $313M marketcap. It'd take some serious work and growth to get there for MOONs.

2peg2city

Staking GMX, ARB/ETH LP OP/VELO LP max VELO locks for bribes leveraged GLP on Plutus leveraged DPX on Jones Lending on RDNT Holding rETH Staking KWENTA Staking SNX

DCFireGuy22

Good for Link? Good for SNX? Good for both?

JuustinB

Regret buying SNX. Bought a ton of it at peak. Like almost $25. Hands down my worst crypto purchase. Regret selling Elrond. I was a fan of the project before the switch to EGLD, had a big bag. Finally lost faith, everything else I owned was pumping and it was stagnant. Ended up selling 3k EGLD at $7 each. Rocketed up to over $500 right after. I actually think the EGLD “bull run” literally began the moment I sold mine.

picklemonkey

Hoping this news takes my SNX loss from -84% to -68%

cryptolipto

Aave. They have a great product but I don’t think there’s a reason to hold the token Actually, most DeFi blue chip governance tokens like UNI YFI etc don’t really have a purpose that’s clear compared to GMX and the newer tokens where profits roll back to stakers. The exception being SNX

MichaelAischmann

Could we be in an alt season? XRP, XLM, LINK, MOON, FLEX, SNX, KAS, OP, ... there are many cryptos currently chipping away Bitcoins dominance.

mattg1981

Tldr; Optimism (OP) Arbitrum (ARB) Synthetix (SNX)

Matth3w_95

Optmism (OP), Arbitrum (ARB) and Synthetix (SNX). I've honestly never heard of the third project, but I guess whales know better.

Iphone17promax

1.27M $LINK ($8.5M), 2.83M $SNX ($7.84M), 12,597 $BNB ($3M), 4.45M 1INCH ($2.26M), 8.53M $ZRX ($1.9M), and 439K $FTX ($713K) And 186,149 $BONE ($235K). This is list I saw

Iphone17promax

Almost every coin that Celsius are selling is taking turns pumping yesterday it was 1inch today seems to be Links turn to pump and before that was SNX

AncientCauliflower47

Main assets they are selling: 1.27M LINK ($8.5M) 2.83M SNX ($7.84M) 12,597 BNB ($3M) 4.45M 1INCH ($2.26M) 8.53M ZRX ($1.9 M) 439K FTT ($713K) 186,149 BONE ($235K) Do with this info whatever you want

picklemonkey

This was the first thing that came to mind. For example, AMP, LINK, LRC, XLM, SNX, and VET all come to mind. They are real projects, some with real world use cases, and the price action is struggling. Decide how much you are comfortable with losing, then DCA into that # over the next year. There probably won’t be any action on any of these until next years halvening anyways.

ersleid

> According to the on-chain analytics platform Lookonchain, Celsius has started selling altcoins by sending them to the institutional crypto trading platform, FalconX. Lookonchain mentioned the transfer of the following altcoins: >1.27 million LINK (approx. $8.50 million) 2.83 million SNX (approx. $7.84 million) 12,597 BNB (approx. $3 million) 4.45 million 1INCH (approx. $2.26 million) 8.53 million ZRX (approx. $1.9 million) 439,000 FTX tokens (approx. $713,000) If anything, they're lucky 1inch started to pump. Managed to get some additional $$$ from that

guminisfj

I hope you are planning on investing on other coins apart from Pepe? They are several crypto projects with great utilities and good fundamentals, e.g RIDE, SNX, ARPA, IMX among others.

getupforwhat

Not sure what SNX is doing but I like it. It's an old bag of mine.

TheAntagonist202

DEFI 1.0 and 2.0 waking up. SNX launching, hoping FXS is next.

DinoCoiner

I've lost too much money trying to short SNX at $3. I think I'll take today off and reevaluate my approach.

Tasigur1

The altcoins held by Celsius Network amount to approximately **$164.5 million** (prices are from 5 days ago) on the EVM chain, including: 3.16 million LINK 98,268 AAVE 2.9 million SNX 7.95 million TGBP 1,812 PAXG 12.650 BNB 3.841 million MATIC 419,899 UNI 9.25 million ZRX

coinfeeds-bot

tldr; Grayscale has added the Lido protocol's LDO token to its DeFi Fund, making it the second-heaviest component. The fund now includes Uniswap (UNI) at 45.46%, Lido (LDO) at 19.04%, Aave (AAVE) at 11.53%, MakerDAO (MKR) at 10.82%, Curve DAO Token (CRV) at 7.03%, and Synthetix (SNX) at 6.12%. Grayscale adjusted the fund's portfolio by selling certain amounts of existing components and using the cash proceeds to purchase Lido (LDO). Lido is a decentralized liquid staking protocol. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

LargeSnorlax

Aren't they just weighting this by marketcap? UNI - #20 LDO - #33 AAVE - #41 MKR - #48 CRV - #66 SNX - #67 So yeah, they're just allocating based on their position in the market. Not sure this needed an article...

the_mr_walrus

SNX is the way

Leather_Emergency571

**Privacy**\- To be honest I never bothered much about privacy protocols, so I'll skip this one **AI**\- I like an indirect play like DIA, which can provided reliable data for machine learning **Tokenization**\- SNX have been tokenizing multiple assets which can be traded on-chain **Gaming**\- SAND would be the one without doubt, probably the most successful gaming projects **Supply chain**\- I've been kind of a VET maximalist for a good while now **DEX**\- I guess I'd go with a solid bet here: UNI

guminisfj

Well said, but these doesn't mean project with utilities are useless as you thought. The main reason why it feels that way is because adoption rate is relatively low. Once it's generally accepted those utility projects will definitely be leading the space. Imagine a world of decentralized communications, project like SYLO, SNX and other web3 socials will be widely used, causing a positive impact on the price, etc.

Umarzy

I strongly believe that the liquid staking derivatives & lending/borrowing sector of DeFi will gain huge traction. According to lookonchain, whales & smart money are accumulating AAVE, SNX, COMP & other blue chip DeFi tokens. Credit protocol caught my attention as it's building a fixed isolated lending & borrowing protocol, and it uses no oracles or liquidators, bringing a seamless experience for users.

wooly_torch

COMPOUND, AAVE, SNX: A few OGs deciding to shine today while everything else crabbin'

reshail_raza

So SNX and gmx were bigger than DXY at that time like in TVL etc?

GreystarTheWizard

SNX anyone?

sweetames

SNX

lococo72

Bought $20k of SNX and staked them and forgot about them, fast forward to early 2023 I took a look at my ledger and I didn’t see it there log in and I was liquidated for $500 debit Bastards took $20k from me for $500 Never stake anything without checking every week

diomediocre

STX for a pseudo BTC bag probably. Trying to figure out enough about RUNE and SNX to see if they're worth going into. Seem like great products but maybe not great tokens... honestly hard to tell. Hbu?

coinfeeds-bot

tldr; Synthetix (SNX) has overtaken GMX to become the second-most active platform with weekly trading volumes surpassing $1 billion, thanks to Optimism (OP) token incentives for perpetual swap traders. However, the sustainability of the DEX token rally is in question. The SNX token has encountered resistance at the $2.50 level after gaining around 10.3% in the last seven days, while GMX and dYdX are experiencing a decline in trading activity, and their native tokens are eyeing bearish targets based on technical levels. The total value locked (TVL) in Synthetix has remained consistently around early 2023 levels at around $430 million, which suggests that new money is yet to flow into the ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

AlexIsOnFire11

You buy and stake SNX tokens, and upon staking they issue you sUSD as debt to the staking pool. Do whatever you want with the sUSD but each week depending on how the market moved you may have to burn some sUSD or you have the option of staking more SNX in order to maintain your collateralization ratio.

Dull_Tough_7149

Honestly how the f**k this PEPE coin going brrr, triggering some crazy pumps in the altcoin scene. SNX mooning today after proposing to integrate PEPE on their platform. But remember, DYOR and mind the volatility in this apes together strong market. I'm worried about this market Honestly what hake

FlowersforAlgorand

**Random coin pump alert.** SNX is up over 16% today. *For novelty purposes only.*

diomediocre

Cosmos in general, Injective is getting a SolanaVM addition, Neutron and Stride are likely coming to ICS, there's kind of a main team/rival team mix of protocols building in the background. Arbitrum/Optimism have a ground swell for synthetics/governance taking off as ARB/OP, VELO/PLS, and SNX/GMX are starting to build into proper rivalries. There's also Zk rollups coming like Starknet, Scroll, and zk Sync. Near/Iota/Fantom/Tezos are smaller ones that are building in the dark as my other sorta alt L1 plays. Near is constantly innovating on sharding technology with some pretty cool projects like Octopus Network on it gradually building out Polkadot compatible appchains, Iota has their ShimmernetEVM releasing soon so their staking chains will gradually develop out soon, Fantom has some of the whackiest DeFi in the business with Oath, Solidly, and Dei being interesting if semi-failed (?), and Tezos had Marigold release recently as their optimistic rollup competitor.

plxmtreee

I used to only buy BTC and ETH at one point but I started diversifying my investments into different industries/areas in the crypto space like DeFi (UNI, AVAX), RWA tokenization (SNX, LAND) and logistics (VET) among others and thats worked for me so far. But I'm still DCA'ing most into BTC and ETH

sideshow09

TIL I am an APE… looked at my trading records and the dates that I got into positions like SNX, YFI, SUSHI, and man I could not have been more of an APE if I Troy McClure singing at me.

AlexIsOnFire11

And your SNX And your eHive And your Thales And your OP And your LINK

randomFrenchDeadbeat

>now I've been DCAing into: XRP/AAVE/APT/AD/SUSHI/SNX/SYN/RUNE/SOL, basically a lot of alternative coins mainly in DeFi. mostly shitcoins though. AAVE/sushi are probably the only 2 you should keep. >I wanted to ask you all an honest to God question, are the gains as insane as I heard they can be in crypto during a true bull run? No. Stop listening to influencers. The only people that make "insane coins" are the scammers, rugpullers and influencers you heard. >And if so, what stops you from looking at a shitcoin that X100 overnight and throw all your savings at it because why not X1000? Working neurons.

gneuni

I don't fully agree. One cannot have the time to research every single coin. There are ways to filter and screen coins so that one has less to research (e.g. TVL checks on defilama). But one way is also to exchange opinions with others on reddit, and THEN do the research afterwards as second layer (the research L2 lol). If I for example state that I like SNX which is rarely mentioned here, it may encourage you to research further, but hopefully not to blindly invest in it

tipsoutforharambe

be making 100 bucks week in SNX rewards.

Environmental_Toe603

I appreciate this post as especially the second one is repeated ad nauseam by ignorant people. SNX was 14% or something close but their staking rewards are that high too.

Shadowsfury

Pretty sure the highest yields were on SNX - which was paying the "up to" 18% advertised if you held enough CEL. You are right though that in most cases the rates were a hell of a lot more reasonable for other coins/tokens. But people throw the 18% around as though everything was getting that. I had a small (under $5k) amount of SNX sitting in there hence knowledge on the above. I gave up trying to stake it directly as I found it far too confusing, so was happy with the 13.99% Celsius paid me (without holding any CEL token).

AlexIsOnFire11

Long term staking of SNX. 20-30% APY consistently, and weekly rewards claims. No one in this post said SNX and I'm starting to think reddit just doesn't know about it. If SNX reaches ATH again, it will almost certainly be the biggest ROI in my life.

Bks1981

I think that the derivatives market going to synthetic assets will be one things that boom so coins like SNX, UMA and MIR will make a good run IMO.

coinfeeds-bot

tldr; Synthetix has announced a $20 million investment through a new partnership with Web3 investment and quantitative trading firm DWF Labs. DWF will be responsible for increasing SNX token liquidity and market making across centralized and decentralized exchanges. Synthetix’ V2 platform has surpassed $400 million in daily trade volume. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

HerpTurtleDoo

That's SNX music

coinfeeds-bot

tldr; An unnamed institution spent $10 million to buy 3.4 million Synthetix (SNX) in the last two days. SNX is a decentralized asset issuance project that allows users to hold and trade crypto, stocks and precious metals without actually owning the specific asset directly. The same institution also holds 44.5 million Conflux (CFX) and 7.3 million Yield Guild Games (YGG). *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*

abalawadhi

One of the things i look for is an active project that's been accumulating in a pretty stable range, i think SNX fits that profile, but yeah so many other stuff as well.

JuustinB

The literal highest, worst entry point I could have found. I agree it has potential. I might accumulate more. But it’s been hovering around $3 forever now. Definitely glad I sold where I did since I could quadruple my holdings today vs back then. There’s just so much other stuff popping up on my radar that I want to buy, SNX never on my mind anymore.

Playful_Aide8142

**Lookonchain** : An institution spent 10M USDC to buy 3.4M $SNX from Synthetix Treasury in the last 2 days, the buying price is $2.93. Anyone know whats up with SNX?

abalawadhi

SNX is a good project be patient