Crypto Never Sleeps
SYNTHETIX SNX – TOP ALTCOIN TO BUY FOR 2022 – SYNTHETIX NETWORK HUGE UPDATES – SNX Price Prediction
SYNTHETIX SNX – TOP ALTCOIN TO BUY FOR 2022 – SYNTHETIX NETWORK HUGE UPDATES – SNX Price Prediction Synthetix network has attracted a significant following in the crypto community in 2021. Feb 22nd 2022 we bought, you and i snx @ 3.7 usd generating us a net UNRALIZED PROFIT of 71% Now, trading at 78.13% below its all time high which was recorded on Feb 14, 2021 Synthetix is still one of the leading platforms in the decentralised finance (DeFi) space that issues synthetic assets which actually makes the project special. SNX token may resume its bull market as decentralised finance begins to play a larger part in the financial markets in 2022 and beyond. The platform allows users to issue and trade synthetic assets. Which are digital and represent other real assets such as stocks, ,commodities, or cryptocurrencies. Synthetix has a built-in DEX interface that allows users to trade without having to register an account and offers the ability through synthetic assets to replicate prices of real assets. 1. Synthetix launches perpetual futures on Optimism… the optimistic roll-up scaling solution on Ethereum. The launch implies an upgrade to the protocol, and users can benefit from higher transaction throughputs and reduced network fees. Trading will initially be limited. The first partner to integrate is the Kwenta protocol, a decentralized and composable protocol with an alleged easy-to-use trading user interface. So Synthetix perpetual markets will be accessible through a dedicated Kwenta UI. Synthetix’s perpetual futures will enable a much expanded and capital-efficient trading experience by allowing both leveraged longs and shorts on a large selection of assets Synthetix, futures will provide For all who are staking, an additional revenue stream due to exchange and funding rate fees and reduce the need to hedge the additional debt due to inherent self-hedging and controlled exposure through market size limits. After launch, the initial futures beta launch feature bitcoin (BTC), ether (ETH), and Chainlink’s LINK tokens. So currently, Synthetix operates debt pools across two Ethereum chains: the mainnet and layer-2 scaling solution Optimism Synthetix commence debt pool merger to enhance liquidity and staking capabilities Utilizing Chainlink oracles as the core component of consensus for the total debt accumulation, they stated that the “debt amount for all of the issued synths is calculated off-chain, and then the value is pushed on-chain using Chainlink‘s decentralized oracle network, which is read by Synthetix contracts on both L1 and L2.” Merging the debt pools provides maximum liquidity across the protocol and [the ability to] transfer synths between multiple chains efficiently via Cross-Chain Messaging,are transactions used to exchange information between chains rather than relying on automated market makers.. debt pool synthesis allows the protocol to have fungibility on both L1 and L2. 2. In the begining of the April additional perpetual futures markets became tradable: SOL, AVAX, MATIC, AAVE, UNI, EUR, GOLD, SILVER… CRYPTO NEVER SLEEPS aka Bitcoin Channel.Live delivers the news, from the Traditional Markets and Convert them into Crypto News.. From Traditional to Digital, we take Mainstream News and convert them into Crypto News Subscribe to our channel: s Subscribe to CRYPTO NEVER SLEEPS : On Telegram : Channel – l Chat – y On Instagram – / Our Twitter – _ In Facebook – E On Reddit – / On TIKTOK – _ *** THIS IS NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OUR OPINION! I OR ANY OF THE CRYPTO NEVER SLEEPS TEAM MEMBERS ARE FINANCIAL EXPERTS! WE DO NOT GUARANTEE A PARTICULAR OUTCOME, FURTHERMORE WE HAVE NO INSIDE KNOWLEDGE! WE STRONGLY ADVICE THAT YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST OUR POINT OF VIEW! THE CRYPTO NEVER SLEEPS CHANNEL IS ONLY TRYING TO EXPLAIN HOW TRADITIONAL NEWS HAS AN IMPACT ON CRYPTO NEWS. This is NOT an offer to buy or sell securities. Investing and trading in cryptocurrencies is very risky, very volatile… PLEASE DON’T USE MARGIN OR LEVERAGE!!!! This information is what was found publicly on the internet. All information is meant for public awareness and is public. #SYNTHETIX #TRADING #ALTCOIN