Synthetix founder: DeFi is wrong, not the market
Synthetix founder Kain Warwick has a bold plan to make DeFi as easy as using an exchange.
JinseFinanceSynthetix founder Kain Warwick has a bold plan to make DeFi as easy as using an exchange.
JinseFinanceAlthough we recognize Synthetix’s solid leadership in the synthetic track and its deflationary monetary economics, we are worried about its long-term competitiveness with other sustainable assets DEX, and that breakthroughs in TVL and transaction volume growth must rely on new chains.
JinseFinance2023 is an erfolgre year for Synthetix. Perps V2 quickly achieved product-market fit, with transaction volume of approximately US$43 billion and fees incurred of approximately US$36.5 million.
JinseFinanceSynthetix's Progressive Stride in DeFi The Andromeda Release signifies Synthetix's unwavering commitment to innovation and user-centric development in the DeFi space. By integrating Core V3, Perps V3, introducing USDC as collateral, and executing a buyback and burn mechanism for SNX tokens, Synthetix sets new industry benchmarks and fosters the DeFi sector's growth and maturity.
BerniceOn Sunday, the multichain decentralized exchange aggregator Transit Swap suffered an exploit resulting in $23 million losses.
BitcoinistOvernight, $21 million was taken from multi-chain DEX Transit Swap.
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BitcoinistAirdrop hunters flocked to the MetaMask Swap and Polygon networks in an attempt to qualify for a possible token distribution from the popular cryptocurrency wallet provider.
CointelegraphCrypto asset management firm Grayscale added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund, following its first quarterly rebalance.
Cointelegraph