Promise and Problems of the DeFi Oracle — When Data Fails

Decentralized Finance (DeFi) has had a meteoric rise over the last year. This spectrum of protocols and projects all hinges on the ability of code to replace trust. However, what happens when the data fails? Sponsored Sponsored In the world of traditional finance, we typically rely on the banking system as an intermediary to execute … Read more

Moving Tokens Between Ethereum Mainnet and Optimism

Optimism Gateway – For moving the vast majority of your tokens, you can do so directly with the official Optimism gateway at https://gateway.optimism.io/welcome. To do this, you will need to connect your wallet, select the token you’d like to migrate, and then select Deposit. The transaction will require some gas, like any other transaction. Once … Read more

The Sargas Release

Later today (October 7, ~14:00 UTC), the Sargas release will begin which will bring some new features to Synthetix on the Optimistic Ethereum L2. During this release there will be no downtime on L1, but there will be up to 3 hours of downtime on L2 and deposits to L2 will be frozen during that … Read more

The Inaugural Treasury Council

Last week the first Treasury Council was elected alongside the other DAO’s within the Synthetix governance system. As per SIP-155 the Treasury Council has been established to undertake many of the responsibilities of the now dissolved synthetixDAO. It was one of the last remaining areas of centralisation and this transition marks the end of an … Read more

Come join us on Sep 30 / Oct 1 for the next Synthetix community governance call!

The next Synthetix community governance call is scheduled for September 30th at 9pm UTC (9/30 afternoon/evening for western hemisphere; 10/1 morning for eastern hemisphere), and we’d love for you to join us! The current agenda for this month’s meeting (subject to change) is as follows: Welcome Spartan Council updates Intro new CC’s L2 rollout status … Read more

How to buy and earn SNX on Bancor

Bancor is now the cheapest place to buy $SNX in DeFi thanks to having the lowest trading fees (0.2%) and the deepest liquidity ($13.8m as of 09/2021). Here, we will show you how to buy $SNX and stake it on Bancor to earn low-risk, passive yield on your $SNX. 1. Ensure you have Metamask installed … Read more

The Wezen Release

In the next 24 hours (September 16, ~10:00 UTC), a number of synths will be deprecated as communicated previously. With SIP-174 now implemented, synth deprecations will be a much simpler and smoother process than in the past (see here for more details). During this release, there will be no downtime. Here’s what’s included in this … Read more

The Mirfak Release

Later today (September 13, ~08:00 UTC), several new updates will be added to the protocol. During this release, there will be no downtime. Here’s what’s included in this release: SIP-142 – Deprecating EtherCollateral loans: Will officially deprecate old loan contracts that have already been wound down. SIP-145 – Debt Cache Event Consistency: Fixes an incorrect … Read more

The Mirfak Release

Later today (September 13, ~08:00 UTC), several new updates will be added to the protocol. During this release, there will be no downtime. Here’s what’s included in this release: SIP-142 – Deprecating EtherCollateral loans: Will officially deprecate old loan contracts that have already been wound down. SIP-145 – Debt Cache Event Consistency: Fixes an incorrect … Read more

Deprecating Low Volume L1 Synths

As part of our rollout on the Optimistic Ξthereum L2, a number of synths will be deprecated on L1 and subject to a re-listing process for L2 (as per SIP-169). The synths to be deprecated include: s1INCH, sXTZ, sGOOG, sAMZN, sAAPL, sCOIN, sCOMP, sCRV, sDASH, sEOS, sETC, sFTSE, sFB, sLTC, sMSFT, sXMR, sNFLX, sNIKKEI, sREN, … Read more