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Synthetix Network Token

SNX

About

Synthetix Network Token is a decentralised synthetic asset issuance protocol. SNX serves as the utility token on Ethereum that powers Synthetix. Synthetic assets are minted when token holders stake their SNX as collateral using the decentralised Mintr dApp.

$949,378,603

$435,980,593

49.4%

30d

+0%

N/A

Reward Options
Risk
Complexity
Reward
Adj. Reward
Minimum
Lock Up
Avg. Fee
Staking Ratio
Stake SNX
Risk
moderate
Complexity
moderate
Reward
0.23%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
-22.49%
Avg. Fee
-
Lend SNX
Risk
stable
Complexity
very easy
Reward
10.01%
Minimum
-
Lock Up
-
Staking Ratio
-
Adj. Reward
-12.71%
Avg. Fee
-

Calculate how much you can earn by staking Synthetix Network Token. Results vary based on the staking amount, term, and type selected.

USD
SNX

Advanced calculator

Revenue over time (USD / week)

Total Reward Rate

0%

or 0% annualized

Est. Monthly Earning

$0

0 SNX

Est. Yearly Earning

$0

0 SNX

FAQ's

  • What is Synthetix Network Token (SNX)?
  • Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets. The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. Some examples of assets that the platform supports are synthetic fiat currencies (sUSD, sAUD, sKRW, etc.), synthetic commodities such as gold (sXAU), as well as more complex assets such as equity indices.

  • How to stake Synthetix Network Token (SNX)?
    1. SNX holders can lock their SNX as collateral to stake the system.
    2. 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.
    3. All Synth trades on Synthetix Exchange generate fees that are distributed to SNX holders, rewarding them for staking the system.

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