What’s behind Synthetix (SNX) unusually strong summer?

The Synthetix protocol, which was launched in September 2017, allows users to mint and trade derivative tokens called Synths. Recent integrations and upcoming releases have significantly strengthened Synthetix protocol’s position: Recent integration with 1inch is driving up the utilization of the protocol on ETH mainnet Several protocols integrated with Synthetix on Optimism, a L2 solution … Read more

GHO Stablecoin to be launched as Aave DAO gives a 99.9% approval

A governance proposal to create a crypto-backed stablecoin on the Aave protocol has been unanimously approved by the Aave community in a snapshot voting which lasted till Sunday. On July 7, 2022, a proposal was introduced by Aave Companies (development team of Aave protocol) for the launch of GHO, an overcollateralized and US dollar-pegged stablecoin. … Read more

Chainlink on-chain activity ramps up after news of improved staking system

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Chainlink just announced the first part of what has been branded as “Chainlink Economics 2.0”. The announcement explains a revamp of the current LINK staking mechanics. The planned roadmap includes new staking features such as stake slashing and redistribution, user fee … Read more