ETH Layer 2 rises 100% between Synthetix Curve finance collaboration

L2 scaling solution Synthetix collaborated with Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC and sUSD/3CRV, allowing investors to convert synths into tokens.

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Categories: Cryptocurrency

Australian Ethereum layer-2 scaling solution Synthetix has seen its native token SNX Balloon see a 100 percent raise after partnering with liquidity provider Curve Finance. Curve pools have been created for Synthetic Ether (sETH)/Ether (ETH), Synthetic US Dollar (sUSD)/3CRV, and Synthetic Bitcoin (sBTC)/Bitcoin (BTC) in collaboration with Curve Finance. This technology allows the platform to offer more derivative tokens.While these synthetic assets are the main product of Synthetix, it appears that new fundamentals have bolstered the project and played a key role in SNX's growth.

Australian Web3 Witnesses Rapid Development

In February last year, Synthetix successfully raised $12 million with the help of a handful of venture capital (VC) firms. The funds were not sent directly to Synthetix, but were raised through the purchase of Synthetix's native token, SNX. The fundraising supported the notion that a space for VC money was developing within DeFi.Thanks to the emergence of DeFi, DAOs and NFTs, the Australian Web3 scene has seen rapid growth over the years, thanks in no small part to Synthetix, DAO Under, Immutable, Maple Finance and Sigma Prime, which have all helped promote. from investors.


Snx is a token based on Ethereum that aims to be used in the Ethereum community. The token is designed to assist with paying for services in the ethereum network by accepting payments from within the wallet using SNX tokens 

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