Tokens

SNX

SNX is the governance and utility token of the Synthetix protocol. SNX can be used to vote for governance council members in elections and staked to mint sUSD.

SNX was originally issued on Ethereum and has since grown to expand across Base, Optimism, and other networks. As of Dec. 11, 2023 SNX is no longer inflationary and has been bought back and burned weekly.

CoinGecko: https://www.coingecko.com/en/coins/synthetix-network-token

Stablecoins

sUSD (v2)

sUSD (v2) is Synthetix's over-collateralized stablecoin backed by SNX deposits in the Synthetix v2 system. sUSD can be borrowed with 0% interest against SNX deposits by staking SNX, and is used on Synthetix V2 deployments on Optimism as margin (i.e. Exchange and Leverage). sUSD (v2) is also fungible across Ethereum Mainnet and Optimism networks.

Coingecko (ETH): https://www.coingecko.com/en/coins/susd

Coingecko (OP): https://www.coingecko.com/en/coins/susd-optimism

sUSD (v3)

sUSD (v3) is Synthetix's over-collateralized stablecoin backed by SNX deposits in the Synthetix v3 system on Mainnet. sUSD can be borrowed with 0% interested against SNX deposits.

Etherscan: https://etherscan.io/token/0xb2f30a7c980f052f02563fb518dcc39e6bf38175

USDx (Deprecated)

USDx is Synthetix's over-collateralized stablecoin on Arbitrum. LPs can borrow it as a loan against their collateral and traders can use it to trade Synthetix Perps as margin.

USDx will be deprecated along with the Arbitrum V3 deployment. For more information, see our announcement and stay tuned to our socials for updates.

Coingecko: https://www.coingecko.com/en/coins/synthetix-usdx