• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Copy Trading in Crypto? A Beginner’s Guide

    2025-07-10

    A Step-by-Step Guide for Risk-Takers

    2025-07-09

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    2025-07-09

    How It Works and What to Watch Out For

    2025-07-09

    Crypto Risk Management Strategies for Trading (2025)

    2025-07-07
  • Videos

    Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

    2025-07-22

    Salty No-Coiner Hates Bitcoin

    2025-07-22

    Bull Run Kickoff – Bitcoin and Crypto Set to Soar

    2025-07-22

    Something BIG is About To Go Down…Got Bitcoin?

    2025-07-22

    More Proof That Crypto Altcoin Season Started

    2025-07-21
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum
DeFi

DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum

2023-02-23No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


DeFi


On-chain liquidity and derivatives trading protocol Synthetix has deployed version 3 (v3) on the Ethereum mainnet following security audits, developers said Wednesday.

Synthetix (SNX) is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain – allowing users to mint, hold, and trade a wide range of derivatives – including commodities, fiat currencies, and even stocks.

The protocol holds over $450 million in locked tokens over the Ethereum and Optimism blockchains as of Thursday. It held just shy of $3 billion in total locked value (TVL) at its February 2021 record high.

Developers previously stated said that Synthetix v3 will have much more efficient architecture to allow developers to create faster, complex and more efficient decentralized financial (DeFi) applications.

V3 will allow the creation of products that offer a liquid market for any financial derivative that developers want to build, from traditional financial markets to more exotic markets such as no-loss lotteries or even wholly separate protocols.

V3 will also offer simplified staking and differentiated debt pools, allowing network stakers to supply collateral to, and receive fees from, specific asset pools without having to be exposed to every Spartan Council-supported asset.

The Spartan Council (SC) is the central governing body of the Synthetix protocol that votes on overall improvement proposals and parameter changes.

Synthetix’s native SNX tokens saw nominal price changes in the past 24 hours.


See also  Great Improvements Helps Reduce Costs While Ensuring Efficiency
DeFi Deploys Ethereum liquidity Protocol Synthetix version
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Should Trump Fire Jerome Powell? | Ethereum Pumps

2025-07-16

Ethereum vs Solana: ETH & SOL Potential in Altcoin Season!

2025-07-16

Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines

2025-07-10

🧨 Bitcoin’s Perfect Storm: Hashpower, HODLers & M2 Liquidity! 💥

2025-07-09
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Analysis

Bitcoin About To Witness Bear Capitulation As Spot Market BTC ETF Decision Looms: Top Analyst

2023-12-03

A trader who nailed the top of Bitcoin’s (BTC) 2021 bull market believes that the…

Bitcoin

Another Bitcoin Metric Is About To Reach A New All-Time High Despite The Bear Market

2023-08-28

The price of Bitcoin has taken a beating in the past month. The leading cryptocurrency…

Learn About Crypto

Top 8 Crypto Apps for iOS and Android to Use in 2024

2024-02-05

The crypto market has grown a lot in the last few years. As a result,…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Altseason Ignites: Bitcoin Inflows, ETH Flip, and Saylor’s Bold Move

2025-07-22

Salty No-Coiner Hates Bitcoin

2025-07-22

Bull Run Kickoff – Bitcoin and Crypto Set to Soar

2025-07-22

Something BIG is About To Go Down…Got Bitcoin?

2025-07-22
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 115,337.90
ethereum
Ethereum (ETH) $ 3,597.74
xrp
XRP (XRP) $ 3.07
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 756.73
solana
Solana (SOL) $ 177.24
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.225041
staked-ether
Lido Staked Ether (STETH) $ 3,584.47
tron
TRON (TRX) $ 0.311723
bitcoin
Bitcoin (BTC) $ 115,337.90
ethereum
Ethereum (ETH) $ 3,597.74
xrp
XRP (XRP) $ 3.07
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 756.73
solana
Solana (SOL) $ 177.24
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.225041
staked-ether
Lido Staked Ether (STETH) $ 3,584.47
tron
TRON (TRX) $ 0.311723