The Synthetix network uses a protocol called SNX. Moreover, this decentralized blockchain network is built on the Ethereum ecosystem. According to their website the network has three pillars: Infinite liquidity, peer to contract trading and a distributed collateral pool. All in all, they have built an 'synthetic' decentralized exchange to trade digital assets. In detail, these assets can easiliy be backed by physical assets from the real-world. Example are gold, diamants, fiat-currencies and commodoties.
How to earn Passive Income with Synthetix
To earn crypto dividends, investors can participate via staking. Currently there is 1 option to earn Synthetix dividends by locking up SNX tokens in collateral. In short, the following steps are needed to do this:
1. Acquire some SNX tokens
2. Go to Mintr here
3. Select the Mint option
4. Press Max to populate the maximum amount of sUSD you'll be able to mint, given your SNX holdings
5. Press 'Mint' and confirm the transaction
$2.50(2.30%)24h
48.10%Annual yield
Ranking: 72
Synthetix(SNX)
$2.50(2.30%)24h
48.10%Annual yield
The Synthetix network uses a protocol called SNX. Moreover, this decentralized blockchain network is built on the Ethereum ecosystem. According to their website the network has three pillars: Infinite liquidity, peer to contract trading and a distributed collateral pool. All in all, they have built an 'synthetic' decentralized exchange to trade digital assets. In detail, these assets can easiliy be backed by physical assets from the real-world. Example are gold, diamants, fiat-currencies and commodoties.
How to earn Passive Income with Synthetix
To earn crypto dividends, investors can participate via staking. Currently there is 1 option to earn Synthetix dividends by locking up SNX tokens in collateral. In short, the following steps are needed to do this:
1. Acquire some SNX tokens
2. Go to Mintr here
3. Select the Mint option
4. Press Max to populate the maximum amount of sUSD you'll be able to mint, given your SNX holdings
5. Press 'Mint' and confirm the transaction
Ranking: 72
Synthetix Dividends Calculator: How much passive income($) is possible with staking?
Calculate your Synthetix earnings in the tables below and see what your profits will be on a daily, weekly, monthly, and annual bases. Also, you have the possibility to see your earnings based upon the number of dollars invested vs the rewards of a given number of tokens.
Synthetix(SNX)
