Top Results139 results
Synthetix Paves an Optimistic Path
The State of Synthetix Staking Yield Breakdown Synthetix initially had a total supply...existed within the Synthetix ecosystem....Unlike other DApps built on top of Synthetix, Thales does not utilize Synthetix liquidity....Note: Some Dune Analytics queries used for Synthetix had bugs and time-limited data, the numbers may...
18 Min
Synthetic Assets
Aug 2022
Optimistic Pioneers - Uniswap & Synthetix
Applications on Optimism Uniswap V3 and Synthetix are the first major DeFi applications that have launched...For example, Synthetix only recently enabled trading, and the current c-ratio on Optimism is set at 1000%...It’s also important to note that, in the case of Synthetix, L1 trading fees are not shared with stakers...
9 Min
Layer 1 / L1
Aug 2021
Mirror takes on Synthetix, Funding Depressed, Aave Dominates Lending
Mirror Eclipses Synthetix In Terms of Trades Per User Mirror protocol eclipses Synthetix as the top...synthetic assets platform with more than 3,000 daily active users (DAUs) compared to 60-70 DAUs on Synthetix...But Average Volume Per User Is Much Higher On Synthetix On the surface, it looks like Mirror appeals...
3 Min
DeFi
Jun 2021
Mirror vs Synthetix? How About Terra
Let’s talk about Mirror, which just passed Synthetix in daily trade volume for the first time....Since most Synthetix minters are there for the rewards in the first place, this results in Synthetix...The ideal exposure for Synthetix as a platform is to be market neutral across their book.
16 Min
DeFi
Feb 2021
Synthetix
Synthetic Assets
Aug 2019
Synthetix Continues to Rip Higher
[pdf-embedder url=”http://cdn.delphidigital.io/uploads/2020/07/QuickTake-Synthetix-Continues-to-Rip-Higher...-11-20-2019.pdf” title=”QuickTake – Synthetix Continues to Rip Higher – 11 20 2019″]...
1 Min
Synthetic Assets
Nov 2019
DYDX Valuation Analysis & DEX Perps Comparison
Exploring Protocol Design Synthetix Synthetix perps v1 launched in March 2022 and was marred by wide...Synthetix v3 Under the current Synthetix V2x regime, Synthetix perps are supported by a monolithic pool...Synthetix v3 will be a complete redesign of the Synthetix ecosystem.
40 Min
Derivatives
Jul 2023
DeFi Summer
DeFi Summer Four years ago, DeFi “Blue-Chips” such as lending protocol AAVE and derivatives protocol Synthetix...This is similar to how Synthetix works, but Gains Network doesn’t bother with spot synths, and targets...a collateralization ratio closer to 100% (much lower than Synthetix’s c-ratio of 400%).
11 Min
DeFi
Jun 2023
The L2 Wars
One of the earliest projects that committed to building on Optimism is Synthetix, which accounted for...Moving to Optimism has significant benefits for Synthetix such as low-cost trading and sped-up oracle...Today, this product brings in a majority of all fees earned by Synthetix....Total trades on Synthetix have been steadily increasing over the past 3 months.
7 Min
Layer 2 / L2
Jan 2023
Lyra: A Next Generation Options AMM
The Synthetix Ecosystem Synthetix is a derivatives platform that enables users to mint and trade synthetic...When the AMM sells a sETH call, it purchases 1 sETH from Synthetix with LP funds....This heavy reliance on Synthetix could be long-term detrimental to Lyra if Synthetix fails to scale synth...
23 Min
Options
Sep 2022
More Than Just Governance: Unpacking Value Accrual Mechanisms
SNX is entering a transition period with the launch of Synthetix v3, as additional collateral types will...Synthetix launched DeFi’s first liquidity mining program, and has had an aggressive emission schedule...This is objectively positive for Synthetix’ scalability, which has been capped by the valuation of SNX...
27 Min
DeFi
Oct 2023
Gains Network Gains Ground
This is similar to how Synthetix works, but Gains Network doesn’t bother with spot synths, and targets...a collateralization ratio closer to 100% (much lower than Synthetix’s c-ratio of 400%)....borrows some concepts from the MakerDAO model to offer synthetic leverage trading in a similar fashion to Synthetix...
11 Min
Perpetual Futures
Feb 2023
Liquity v2: Evolving Onchain Leverage
Unique design, POL pioneer Scalable Decentralized Downfall: No advantage for users Disastrous GTM Synthetix...Synthetix is a synthetic derivatives platform that used endogenous collateral in the form of its governance...Synthetix generated strong user demand. There were a variety of reasons to hold sUSD.
20 Min
Debt-Backed (CDP) Stablecoins
Nov 2024
The Oracle of Pyth
...of Solana with Ethereum protocols like Euler, Ribbon, and more recently as the oracle provider for Synthetix...Chainlink has a long-standing relationship with Synthetix, so this is an important integration for Pyth...This integration will arguably be the most important non-Solana one to monitor to see if Synthetix sticks...
20 Min
Oracles
Nov 2022
Do Fundamentals Matter in Crypto Markets?
Synthetix Synthetix has generated ~$32M in fee revenue over the last 180 days....Over the same time period, Synthetix has distributed ~$127M in token rewards....Synthetix generates -$95M in emission-adjusted revenue....Delphi Pro subscribers can learn more about how Synthetix and its debt pool work from our recent Synthetix...
17 Min
DeFi
Sep 2022
Heads or Thales: Exploring the Potential of Positional Parimutuel Markets
Brief Review of Synthetix Eco and Intro to Parimutuel Markets Synthetix is a derivatives platform that...Due to the nature of synthetic assets, Synthetix is able to onboard a wide array of assets without dealing...The Thales community was spun out from Synthetix as the scope of its binary options product grew to command...
26 Min
Options
Jan 2023
Are Infinity Pools the Next Big Speculation Primitive?
Synthetic leverage platforms such as Synthetix, GMX, and Gains Network guarantee the long tail by operating...Synthetix uses an overcollateralized debt pool as a temporary counterparty, while Gains Network uses...Therefore, Infinity Pools will likely have slightly higher fees than major competitors like Synthetix...
12 Min
AMM
Mar 2023
Delphi Office Hours Call (September 8th, 2022)
15:20) Binance Removes USDC (30:45) Fraxlend Launch, Comparing and Contrasting Frax and Aave (33:15) Synthetix...
1 Min
Macro & Markets
Sep 2022
Your Guide to the Collateralized Stablecoin Landscape
DAI’s indirect centralization risk has been enough for Synthetix to begin unwinding their DAI/sUSD wrapper...The first reason is Synthetix introducing usage by creating a LUSD/sUSD Wrapper on Optimism (1 sUSD can...Synthetix (sUSD) sUSD is a synthetic stablecoin issued by staking Synthetix’s governance token, SNX.
21 Min
Algorithmic Stablecoins
Jul 2022
Governance Digest
SCCP-142: This proposal increases Synthetix L2 inflationary rewards from 50k SNX to 75k SNX per week....SCCP-143: 143 increases the capacity of Synthetix’s L2 ETH Wrappr to 1500 and modifies the sUSD minting...SCCP-144: To meet demand, Synthetix voted to increases their L2 ETH Wrapper capacity from 1500 to 2200...
8 Min
DAO
Nov 2021