The derivatives liquidity protocol providing the backbone for derivatives trading in DeFi. Just like any other cryptocurrency users, the SNX users are concerned about when will the SNX go up? One of the users told that SNX did have a great rising this year. And also that spot trading will provide a great experience and top rewards for your crypto wallet. We for some investors trading is not their cup of tea though.
Synthetix tweeted: “Keep in mind that it’s a minimum 150% C-Ratio — that’s the liquidation point, so best to mint sUSD with a C-Ratio >150% as a buffer.” Further that, “sUSD has been in high demand on lending platforms recently — remember that you can borrow sUSD against your ETH at Synthetic Exchange loans with a 150% C-Ratio.”
For those who do not understand the above, it is the current yield for sUSD.
In this regard, Sydney Ifergan, the crypto expert tweeted: “Synthetix (SNX) by way of Synths exposes traders to a wide range of earning opportunities.”
Synthetix Protocol Powers Kwenta
Synthetix Protocol is the new derivatives exchange with infinite liquidity powered by Synthetix Protocol. Status and dap.ps makes it available in your pockets.
Kwenta provides a robust and intuitive experience for trading Synths. Synths are all the assets which are supported by the Synthetix protocol. Synths mirror the price activity of underlying assets.
The major advantage of using Kwenta is that the traders are able to gain access to diverse suite of assets which can be traded with zero slippage irrespective of the trade size. Also, Kwenta is able to provide with infinite liquidity and this is possible by the Synthetix’ innovative liquidity model.
Kwenta is a powerful dapp reinventing the power of DeFi to dap.ps and Status. Of note, Dap.ps is the “token curated dapp directory” which is available inside the Status mobile app, which makes it possible to enable a growing ecosystem of DeFi, marketplaces, games, utilities and others.
Kwenta provides trader’s access to about 42 different assets. This includes but is not limited to forex, cryptocurrencies (long and short), commodities, equity indices like the NIKKEI, FTSE, and custom indices like the DeFi index, which provide a basket of the most popular DeFi tokens on the market.
These assets make it possible for traders to capture growth irrespective of the market conditions, inside and out of cryptocurrency space.
The innovative dual-pricing chart makes it possible for users to monitor performance of Synths in well-known denominations of USD, ETH, or BTC.
Credit: Source link