Synthetix founder: DeFi is wrong, not the market
Synthetix founder Kain Warwick has a bold plan to make DeFi as easy as using an exchange.
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Synthetix founder Kain Warwick has a bold plan to make DeFi as easy as using an exchange.
Although we recognize Synthetix’s solid leadership in the synthetic track and its deflationary monetary economics, we are worried about its long-term competitiveness with other sustainable assets DEX, and that breakthroughs in TVL and transaction volume growth must rely on new chains.
2023 is an erfolgre year for Synthetix. Perps V2 quickly achieved product-market fit, with transaction volume of approximately US$43 billion and fees incurred of approximately US$36.5 million.
Synthetix's Progressive Stride in DeFi The Andromeda Release signifies Synthetix's unwavering commitment to innovation and user-centric development in the DeFi space. By integrating Core V3, Perps V3, introducing USDC as collateral, and executing a buyback and burn mechanism for SNX tokens, Synthetix sets new industry benchmarks and fosters the DeFi sector's growth and maturity.
Synthetix is targeting a Q4 release for both the third version of its decentralized perpetual futures exchange and its newly announced front end, Infinex. Synthetix founder Kain Warwick said that the exchange could expand its offering — currently limited to perpetual trading — down the line.
PancakeSwap has upgraded to V3 by forking the code of the Uniswap V3.
Uniswap V3 will be launched on zkSync. Governance vote just received over 40 million yes votes and deployment is expected in 4-6 weeks.
If you're looking for the next big crypto find that could go on to huge things, you're in the right ...
Crypto asset management firm Grayscale added three new crypto assets to its funds and has kicked SushiSwap and Synthetix from its DeFi Fund, following its first quarterly rebalance.