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Synthetix Report

#14: Covering Dec 3 - Dec 10, 2019

This is your weekly reminder to claim your SNX and sUSD rewards.
Claim rewards on Mintr ↗︎

PROTOCOL STATS

THIS WEEK

LAST WEEK

W/W

Exchange Volume $79,071,932 $79,909,996 -1%
sUSD Supply $12,487,600 $13,429,248 -7%
Market Cap Of Synths $24,591,702 $24,933,223 -1%
Active Traders 347 361 -4%
Collateralization ratio back above target. The ratio has improved to 805%. In the past, heavy trading volumes have hurt the ratio. However, this week trading volumes are sustained (-1% w/w) and the ratio appears healthy.

New monetary policy implementation tomorrow. SIPs 23 and 24 will be in tomorrow's release. The changes smooth the SNX inflation schedule and add perpetual inflation for network initiatives.

sETH Uniswap pool contributions simplified. DeFi Zap released a dapp that accepts ether and returns sETH pool ownership tokens. A one-click tool to save new liquidity providers time and frustration.

Dex aggregators offer synths. 1inch and Dex.ag have both incorporated synths into their platforms. This provides traders with new entry and exit points into the system.

Today's edition written by
 
Caleb Sheridan
Co-founder, Blocklytics
Twitter
 

Top 10 Synths

Ranked by this week's exchange volume

SYNTH

VOLUME ▼

TRADERS

SUPPLY

sMKR $53,010,109 40 $252,903
sETH $33,549,676 161 $8,486,803
iMKR $26,806,461 24 $180
iXTZ $10,156,393 6 $712
▲ 6 sLINK $7,954,037 79 $391,999
▼ 1 sXTZ $7,720,282 19 $11,249
sBTC $4,738,346 82 $1,802,148
▼ 2 sUSD $3,479,960 316 $12,487,600
▲ 1 sTRX $3,248,804 10 $2,361
▼ 1 iTRX $1,313,723 7 $4,303