Tag Archives: SNX

Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

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Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant. Arbitrum Holders Vote Against Synthetix Proposal The goal was to support the launch of Multi-Collateral Perps. The… Continue reading Synthetix’s Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?→

DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

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Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism’s Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism’s Superchain infrastructure.  For the uninitiated, Ethereum… Continue reading DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain→