Synthetix Network is an initially stable coin project which was born under the name of Havven (HAV). The rebranding took place on November 30, 2018 to better reflect the new nature of the project. Synthetix's main mandate is to offer a stable token whose value was not guaranteed by traditional currencies blocked in a bank account, but by cryptocurrencies. SNX owners who store and issue sUSD receive 2 types of rewards: free SNXs, which come from the project's planned monetary inflation and sUSD on the basis transaction fees drawn from the Synthetix exchange.
This data was last updated 2021-01-18 04:29:40 UTC