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What is Synthetix?

Synthetix is a decentralized protocol for creating synthetic assets that operates on the Ethereum blockchain. These synthetic assets, referred to as Synths, are supported by the Synthetix Network Token (SNX), which enables their creation when locked in the smart contract. The system’s pooled collateral model allows users to trade Synths directly via the smart contract, removing the need for intermediaries. This forward-thinking strategy effectively tackles typical issues like liquidity and slippage that many decentralized exchanges encounter. At present, Synthetix offers synthetic versions of various fiat currencies, cryptocurrencies (both long and short), and a range of commodities. SNX holders are incentivized to stake their tokens as they receive a share of the transaction fees generated on Synthetix.Exchange, which reflects their investment in the network's ecosystem. This ability to participate in the network and earn revenue from Synth transactions enhances the inherent value of the SNX token. Importantly, traders are not required to own SNX to trade on Synthetix.Exchange, which increases accessibility for a wider range of participants. This inclusive model encourages more individuals to participate in trading activities without needing to make an initial investment in the SNX token. Consequently, Synthetix fosters a more diverse trading environment, ultimately benefiting the entire ecosystem.

What is HyperPay Staking?

Staking arises from a transformation in consensus models, evolving from Proof of Work (PoW) to Proof of Stake (PoS), and represents a progressive business framework that harnesses blockchain technology, allowing asset holders to gain inflationary profits through various activities like pledging, voting, commissioning, and locking. Moreover, specialized nodes are created to maintain smooth operations and provide essential maintenance services. The infrastructure is built with a distinct separation of cold and hot wallets, further enhanced by multiple rigorous security audits. Designed for user convenience, the process features a low entry barrier and a variety of options. Our off-chain wallet security framework is strengthened by ongoing monitoring for unusual data patterns, combined with organized code quality evaluations and vulnerability scans that are integrated into our CI/CD pipeline. In addition, our dedicated security team works tirelessly to protect your assets, providing around-the-clock vigilance and ensuring peace of mind for all participants. This unwavering commitment to security and user-friendliness not only makes staking a rewarding venture but also instills confidence in every stakeholder involved, fostering a trustworthy environment for investment. Ultimately, the combination of innovative technology and robust security measures makes the staking landscape increasingly appealing to both novice and experienced users alike.

Media

Media

Integrations Supported

1inch
1inch Wallet
Armor.Fi
Blocknative
CoinLedger
Crypto APIs
Enzyme
Kriptomat
Ledger Nano X
PieDAO
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

Integrations Supported

1inch
1inch Wallet
Armor.Fi
Blocknative
CoinLedger
Crypto APIs
Enzyme
Kriptomat
Ledger Nano X
PieDAO
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Synthetix

Date Founded

2017

Company Location

Australia

Company Website

synthetix.io

Company Facts

Organization Name

HyperPay

Date Founded

2017

Company Location

Australia

Company Website

hyperpay.tech/pos

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