Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant.

A crypto whale with a $26.47 million position in Wrapped Bitcoin (WBTC) is cutting it close after barely escaping liquidation last Friday.

Snax Chain, built on OP Stack, launches September 15th, integrating Wormhole for secure, decentralized Synthetix V3 governance and cross-chain messaging.

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimism's Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimism's Superchain infrastructure.

Leading DeFi protocol Synthetix joins Optimism's impressive Superchain line up.

TL;DR Synthetix launches SNAXchain: Built on Optimism's Superchain infrastructure, SNAXchain aims to enhance governance and expand to more chains and Layer 2 solutions. Optimism Superchain benefits: Expected to boost user interoperability and drive growth, leveraging optimistic rollups to reduce transaction costs.

Synthetix has introduced an application-specific blockchain named SNAXchain using Optimism's infrastructure.

As 2024, the year marked by exciting movements in the cryptocurrency sector, slowly moves towards its final quarter, crypto traders and investors are increasingly looking at its potential assets that could deliver a relatively substantial profit.

Synthetix faces fierce competition on the DeFi-oriented layer-2.

Synthetix faces fierce competition on the DeFi-oriented layer 2.

Decentralized cloud storage platform Storj has partnered with CUDOS, a decentralized physical infrastructure network focused on artificial intelligence and Web3. In an announcement on Aug.

Story Highlights The live price of the COMP crypto is . Compound price could reach a maximum of $100 by 2024. This altcoin could surpass $400 mark with a high of $412.66 by 2030. With the bullish 2024 turning gaining momentum, the buyers are preparing for the positive events ahead.

You may have forgotten about Synthetix, but the market certainly hasn't.

It could be followed with deployments on Optimism and Base.

Synthetix founder Kain Warwick donated $86,000 in Illuvium tokens to former CFO SynthaMan after the latter lost his SNX holdings due to liquidation caused by market volatility and high-risk decisions.

On-chain data shows that Synthetix founder Kain unlocked $6.5 million from the company's treasury and donated $86k to SynthaMan, the company's former treasurer that was liquidated during last week's market plunge.

Tokens powering Decentralized Physical Infrastructure Networks (DePIN) are emerging as assets to watch in the current market. These cryptocurrencies incentivize the creation and maintenance of physical infrastructure on decentralized platforms.

Humpy, a known whale that has caused governance pressure for Balancer and SushiSwap, managed to turn Compound into a yield-bearing staking asset after a controversial voting proposal.

Compound Protocol is considering a major shift in its revenue distribution following a recent governance fiasco.

With the market liquidations on the rise, Compound enters the list of top-performing altcoins with two bullish daily candles. As the bull run in the COMP price gains momentum, the daily chart reveals a breakout run impending to explode.

Compound Finance's governance attack gets unexpected happy ending.

Compound Finance has brokered a truce with the pseudonymous crypto whale Humpy and his group, The Golden Boys, following a heated governance dispute over Proposal 289.

TL;DR Proposal Cancellation: Compound Finance defused a contentious “governance attack” by reaching a settlement with crypto whale Humpy and his Golden Boys group. Yield-Bearing Staking Program: Instead of goldCOMP, a new staking product will distribute 30% of existing and new market reserves annually to staked COMP holders.

A controversial proposal to allocate $24 million of Compound Finance's treasury has sparked allegations of a governance attack by a small group of token holders, raising concerns over the protocol's decision-making integrity.

Mog Coin (MOG), Compound (COMP), and Blackjack ($JACK) have all made headlines with their respective advancements, price movements, and unique characteristics. As these cryptocurrencies continue to shape the market, investors are closely watching their trajectories to gauge future potential and opportunities. This article delves into the latest updates on these three intriguing assets.

The settlement and new staking plan could enhance Compound's governance security and tokenomics, potentially attracting long-term investors. The post Compound settles ‘governance attack' as COMP surges 7% with new staking plan appeared first on Crypto Briefing.

A new staking product will be offered instead of what Humpy and the 'Golden Boys' initially proposed.

Compound price jumped by 6.4% despite a $25 million attack on its DAO governance. The dysfunctional Compound DAO was riddled with inactive members, which led to a sinister whale proposing and passing a $499,000 COMP grant for his team, the Golden Boys.

The Compound Finance (COMP) treasury has been drained of $25 million in a recent governance attack, raising alarms about the state of decentralized governance in the decentralized finance (DeFi) ecosystem. Compound DAO Hijacked According to researcher DeFi Ignas, the attack began with an initial proposal to grant 92,000 COMP tokens, submitted without prior discussion on the Compound DAO forum.

TL;DR Golden Boys and Governance Controversy: Compound Finance, a decentralized lending and borrowing protocol, is embroiled in a governance scandal. The “Golden Boys” group is at the center of the controversy, with allegations of a governance attack.

Compound (COMP) price slipped about 6%, trading as low as $47.27 on Monday. The decline came as the community reacted to the latest news about the governance of the decentralized autonomous organization (DAO) behind the lending protocol.

A whale holding COMP tokens is helping push through a governance proposal that would allocate $24 million in COMP to a yield-bearing protocol called goldCOMP.

Storj price surged more than 25% to lead top gaining altcoins. The token's upside comes as a major conference bringing together scientists from around the world kicks off at the University of Liverpool. STORJ was trading around $0.48 at the time of writing, with its daily volume up more than 1,700% to $196 million.

Valdi allows customers to use available GPU compute cycles in data centers across the world.

The crypto market has been observing different kinds of assets take the spotlight every now and then, and the newest addition to this list is Real World Assets (RWA). Joining the Artificial Intelligence (AI) altcoins in terms of popularity and demand, these tokens are a different breed altogether.

The analyst/host of The House of Crypto took to his latest video and said that there's potential for a massive bounce back for altcoins, particularly as Bitcoin dominance appears to be declining. Historically, this has signaled the onset of an altcoin season.

TL;DR The real-world asset (RWA) token market is growing exponentially in 2024, thanks to the convergence of blockchain technology and traditional assets. Tokens such as Maker, Chainlink, and Algorand stand out for their unique propositions and potential to facilitate investment in real estate, art, and music through decentralized platforms.

Avalanche (AVAX), the leader of the Real-World Asset token category, currently has a valuation of $13.7 billion. Real-world assets (RWA) represent physical assets, like real estate or commodities, digitally tokenized on a blockchain, providing fractional ownership and liquidity.

As the first half of 2024 draws near, the cryptocurrency market has seen a significant sell-off, eroding the market capitalization of many assets.

As the Bitcoin and Ethereum price aims for a bullish week, the altcoins siphon additional momentum in the market for a quick jump. With a trend reversal anticipation in Synthetix and the bull run gaining momentum in ENS, the buyers expect a massive jump this week.

Synthetix (SNX) and Aave (AAVE) are both flat on the day, but green in the past week. SNX is 7% up while AAVE is holding onto double-digit gains as the latest news around Ethereum spot ETFs drives interest in related altcoins.

Synthetix (SNX) and Aave (AAVE) are both trading higher today, with 6% and 4% in 24-hour gains respectively. With the US Security and Exchange Commission (SEC) expected to make an announcement today, it could be a massive pump for SNX and AAVE. Meanwhile, Bitbot (BITBOT), a new project that just hit $3.

Key Takeaways At press time, SNX was up 466% from its initial listing price of $0.46 and down 91% from its all-time high. These statistics are evidence of SNX's highly volatile nature.

The depeg situation of Synthetix's sUSD has once again highlighted the vulnerabilities within DeFi systems and the impacts of liquidity shifts.

According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.

Synthetix's decentralized stablecoin, sUSD, fell below its $1 peg — reaching as low as $0.92 before slightly covering to $0.96.

In an era where decentralized finance (DeFi) is transforming the traditional financial world, Synthetix founder Kain Warwick has launched a new platform called Infinex.