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Synthetix.Exchange
A trading platform for synthetic assets (Synths)
0 followers
A trading platform for synthetic assets (Synths)
0 followers
Synthetix.Exchange provides an intuitive interface for conversions between the full range of Synths available. It provides access to a variety of synthetic forms of fiat currencies, cryptocurrencies, and commodities.
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The exchange is showing unbelievable traction in terms of volume. Rumoured new Synths in the works - Tesla, FB and S&P500 stocks and Inverse XRP & TRX. SNX fee pool is showing a hockey stick growth. Founder have hinted that they are working with major lending/borrowing platform like Nexo that will allow people to borrow sUSD with ETH or vice versa. That should increase the demand for sUSD significantly, given the interest rate stablecoins are offering right now.
Pros:If you are a stakeholder 6.7% APR on SNX exchange fees alone with volume constantly going up.
Cons:UX is not 100% yet but I've seen it improve over each update. Relatively small SUSD mcap compared to DAI and others
Check it out!
Pros:Awesome products and very intuitive UX
Cons:I only see positive aspects!
Would def recommend it!
Pros:Ease of use and choice of synths.
Cons:More synths, please!
SNX is the most diverse stable coin out there. Once you see this platform in action, it’s hard to interact with any other.
Pros:So many options without having to leave the platform. Literally a one stop shop. The key was to show how to use Susd
Cons:Haven’t come across one yet