Synthetix Network Token 
Formerly Havven
Exchange
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
≈ 0.67 USD
Synthetix Network Token SNX Rank 38 | USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $20.76 |
| Market Cap | $2,169,300,625 |
| Fully Diluted Market Cap | $4,282,175,485 |
| BTC Price | 0.00041667 |
| ETH Price | 0.01259031 |
Synthetix Exchange
Synthetix is a new flavor of decentralized exchange. There are three key differences relative to most other DEXes:
- Traders trade against pooled community collateral and not any specific counterparty
- Traders buy and sell synthetic assets, marked to market by offchain oracles
- Traders have native access to derivatives and investable baskets
A unique trading experience on Ethereum with on-chain features you won’t find anywhere else.
- Infinite Liquidity
There’s no orderbook, so you don’t need to worry about liquidity or slippage. - Peer-To-Contract Trading
Seamlessly exchange between a wide variety of synthetic assets. - Distribuited Collateral Pool
Trade assets backed by a distributed pool of cryptocollateral — censorship resistant.
The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.
Introducing Synths
Synths are tokens that provide exposure to assets such as Gold, Bitcoin, U.S. Dollars, Tesla, and AAPL within the Ethereum blockchain.
- Crypto
- Commodity
- Forex
- Index
- Inverse
How SNX backs Synths
All Synths are backed by SNX tokens. Synths are minted when SNX holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. Synths are currently backed by a 800% collateralisation ratio, although this may be raised or lowered in the future through community governance mechanisms. SNX stakers incur debt when they mint Synths, and to exit the system (i.e. unlock their SNX) they must pay back this debt by burning Synths.
Synthetix is also currently trialling Ether as an alternative form of collateral. This means traders can borrow Synths against their ETH and begin trading immediately, rather than needing to sell their ETH. Staking ETH requires a collateralisation ratio of 150% and creates a debt denominated in ETH, so ETH stakers mint sETH rather than sUSD and do not participate in the ‘pooled debt’ aspect of the system. In this model, ETH stakers do not receive fees or rewards as they take no risk for the debt pool.
Havven is Transforming into Synthetix:
https://blog.havven.io/havven-is-transforming-into-synthetix-2fdf727b8892
Havven Token Sale Review:
https://blog.havven.io/token-sale-review-765f9a53f089
Coinlauncher 404 (Havven) 
Rank 38
Synthetix Network Token SNX
| USD Amount | - |
| BTC Amount | - |
| ETH Amount | - |
| Price | $20.76 |
| Market Cap | $2,169,300,625 |
| Fully Diluted Market Cap | $4,282,175,485 |
| BTC Price | 0.00041667 |
| ETH Price | 0.01259031 |
≈ 0.67 USD
Synthetix is the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to a vast range of assets.
Synthetix Network Token (SNX) is a cryptocurrency, the latest Synthetix Network Token price is $20.76, down -1.91% in the last 24 hours. Synthetix Network Token market cap is $2,169,300,625 with a 24h volume of $62,138,717. It has a circulating supply of 104,513,427 SNX and a total supply of 206,308,351 SNX. Synthetix Network Token reached it's all time high on 14 February 2021 when it was trading at $28.86.
Synthetix Exchange
Synthetix is a new flavor of decentralized exchange. There are three key differences relative to most other DEXes:
- Traders trade against pooled community collateral and not any specific counterparty
- Traders buy and sell synthetic assets, marked to market by offchain oracles
- Traders have native access to derivatives and investable baskets
A unique trading experience on Ethereum with on-chain features you won’t find anywhere else.
- Infinite Liquidity
There’s no orderbook, so you don’t need to worry about liquidity or slippage. - Peer-To-Contract Trading
Seamlessly exchange between a wide variety of synthetic assets. - Distribuited Collateral Pool
Trade assets backed by a distributed pool of cryptocollateral — censorship resistant.
The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.
Introducing Synths
Synths are tokens that provide exposure to assets such as Gold, Bitcoin, U.S. Dollars, Tesla, and AAPL within the Ethereum blockchain.
- Crypto
- Commodity
- Forex
- Index
- Inverse
How SNX backs Synths
All Synths are backed by SNX tokens. Synths are minted when SNX holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. Synths are currently backed by a 800% collateralisation ratio, although this may be raised or lowered in the future through community governance mechanisms. SNX stakers incur debt when they mint Synths, and to exit the system (i.e. unlock their SNX) they must pay back this debt by burning Synths.
Synthetix is also currently trialling Ether as an alternative form of collateral. This means traders can borrow Synths against their ETH and begin trading immediately, rather than needing to sell their ETH. Staking ETH requires a collateralisation ratio of 150% and creates a debt denominated in ETH, so ETH stakers mint sETH rather than sUSD and do not participate in the ‘pooled debt’ aspect of the system. In this model, ETH stakers do not receive fees or rewards as they take no risk for the debt pool.
Havven is Transforming into Synthetix:
https://blog.havven.io/havven-is-transforming-into-synthetix-2fdf727b8892
Havven Token Sale Review:
https://blog.havven.io/token-sale-review-765f9a53f089
Coinlauncher 404 (Havven)