Tokens
Last updated
Last updated
SNX is the governance and utility token of the Synthetix protocol. SNX can be used to vote for council members in elections and to mint sUSD.
SNX was originally issued on Ethereum and has since grown to expand across Base, Optimism, and other networks. As of SNX is no longer inflationary and has been bought back and burned weekly.
CoinGecko:
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):
Coingecko (OP):