DeFi platform Synthetix has announced plans to re-acquire the crypto options platform Derive. The deal, valued at approximately $27 million, will be conducted through a token exchange, with […]
Synthetix and Derive Launch Mainnet Perpetual Futures, Shaping Decentralized Derivatives Market
Synthetix and Derive are set to introduce mainnet perpetual futures, marking a significant step forward in decentralized derivatives trading. This launch is expected by the end of Q2 […]
Synthetix Revamps Staking with 420 Pool: Increased Efficiency and Decentralized Finance
Synthetix, a leading platform in decentralized finance (DeFi), has introduced a revolutionary new staking mechanism called the 420 Pool. This major overhaul aims to boost efficiency and engagement […]
Synthetix’s sUSD Depeg: A Manual Intervention Effort
Synthetix’s stablecoin, sUSD, experienced a sharp depegging event in April 2025 following the implementation of SIP-420. While this update aimed to streamline the system and reduce risk, it […]
Upbit and Bithumb Halt SNX Deposits Amid sUSD Volatility Concerns
South Korea’s leading crypto exchanges, Upbit and Bithumb, suspended Synthetix (SNX) token deposits after a warning from the Digital Asset Exchange Alliance (DAXA). The DAXA added SNX to […]
Upbit Issues Warning on Synthetix Amidst sUSD Stability Concerns
South Korea’s leading crypto exchange, Upbit, has issued a warning to investors regarding Synthetix (SNX), citing concerns about the stability of its stablecoin. The exchange classified SNX as […]
Synthetix V4: Enabling Major Perpetual Futures Market Expansion
Synthetix, a leading protocol for synthetic assets, is set to revolutionize the decentralized finance (DeFi) market with its major upgrade, Synthetix V4. This update will introduce exciting new […]
Synthetix Launches Mobile Access & New Perpetual Markets in Q2 2025
Synthetix is expanding its perpetual futures offerings with the release of mobile access and new market listings. The platform now offers trading options on popular cryptocurrencies including SNX, […]
Synthetix Revamps Incentives to Revert sUSD Peg
Synthetix founder Kain Warwick announced new incentives for stabilizing the sUSD peg, aiming to enhance its economic structure and community confidence. The strategy combines both positive incentives like […]
Synthetix’s sUSD Stablecoin Regains Peg, Challenges Explained by Founder
Synthetix founder Kain.eth confirmed that the stablecoin sUSD has fully re-established its peg, currently valued at $1.05. Kain.eth highlighted how Synthetix’s debt pool design and staking incentives, while […]
Synthetix Urges SNX Stakers to Stabilize sUSD Amid Depeg Crisis
Synthetix is calling for increased participation in its 420 Pool incentive program to help stabilize the ongoing depegging of its sUSD stablecoin. The protocol’s recent SIP-420 update, aimed […]
Synthetix Founder Calls on Stakers to Fix sUSD Depeg
The Synthetix protocol is facing pressure to stabilize its sUSD stablecoin, prompting founder Kain Warwick to appeal directly to stakers for a solution. The value of sUSD has […]
Synthetix Urges Stakers to Take Action Over ‘sUSD Crisis,’
Synthetix founder Kain Warwick has issued a stern ultimatum to SNX stakers urging them to participate in the new sUSD staking mechanism or face consequences. The call to […]
Synthetix’s sUSD Depegging Raises Concerns About DeFi Stability
Synthetix’s stablecoin sUSD has experienced a significant drop below its $1 peg, leading to concerns about the stability of synthetic assets in the decentralized finance (DeFi) market. The […]
Second Depeg Threatens Synthetix’s sUSD: Can We Avoid History Repeating?
Synthetix’s synthetic USD (sUSD) stablecoin has experienced another significant depeg, plunging below $1 in recent weeks. This follows a similar incident earlier this year and raises concerns about […]