Synthetix Network TokenSNX
About Synthetix Network Token
Synthetix Network Token is a decentralised synthetic assets network. The market cap is $57,758,040 and the 24h volume is $2,230,614.
Staking Synthetix Network Token
Synthetix Network Token blockchain consensus is achieved via the Ethereum Blockchain. Investors can participate via staking. Currently there is 1 option to earn passive income and staking rewards with your Synthetix Network Token investment as outlined below.
- How to stake Synthetix Network Token (SNX)?
- SNX holders can lock their SNX as collateral to stake the system.
- Synths are minted into the market against the value of the locked SNX, where they can be used for a variety of purposes including trading and remittance.
- All Synth trades on Synthetix Exchange generate fees that are distributed to SNX holders, rewarding them for staking the system.