SNX Tools

Synthetix is one of the most unique DeFi protocols in the space today.

The ability to acquire a wide variety of synthetic tokens with no slippage means that, when used correctly, market makers, CeFi-DeFi yield hackers, and retail speculators have an undeniable edge on the competition, while providing the economic benefits of their trading directly to the staker base.

While the value proposition is clear to those in the community, the data and analytics to spread the message to a wider group of traders and stakers has not been available until today.

With the release of SNX.tools, Synthetix takes a huge step forward in allowing those outside of the community to understand what is going on under the hood in one of today’s most interesting DeFi projects.

Users can now find new yield opportunities within Synthetix, understand how the aggregate peg of synthetic assets trades, dig in to the health of the staker/collateral base, analyze synth trading volume in-depth, and get alerted to new assets, trading competitions, and markets like Binary Options.

SNX.tools aims to be the central hub outside of Synthetix.Exchange for up to date analytics on a protocol that is quickly becoming one of the most interesting use cases for DeFi.

SNX tools was architected by Jaaq Jorissen, incubated within Framework, and funded by the Synthetix Grants DAO. In our minds, the fact that this was entirely constructed by a third party outside the core team is one of the most exciting aspects of the project, and speaks to the strength of the Synthetix community.

As we continue to develop SNX Tools we will incorporate a persistent sense of identity via 3box, support new assets and markets, and provide a way for stakers/traders to acquire and trade their synthetic assets. We hope you enjoy giving the tool a spin and we look forward to the community adding to it in the future.