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):
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:
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 and stay tuned to our socials for updates.
Coingecko: