#ethereum Ξ Synthetix Grants Spartan ⚔️ On a journey through #Crypto, #Blockchain, #DeFi, #DAO’a & #Yield farming + some meme-crafting & shitposting on the side
First, why would you want to even consider using it? Well it is dirt cheep and regularly getting cheeper as they make upgrades and enhancements.
It is also the 2nd most used L@ already.
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Let's look at some protocols on L2 for people to use.
First of cause is the OG @synthetix_io. It is currently the largest TVL based project here, building out many new functions that will allow for more $sUSD liquidity as well as provide a foundation for other protocols.
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Oct 13, 2021 • 24 tweets • 10 min read
Some thoughts & ramblings on @synthetix_io and $SNX price action.
I've been staking since Epoch 1 and have seen how the price is affected by different things in the market.
🧵 1/x
First of all it is vital to understand that $SNX is not a passive Gov token. Its true worth, is having it staked to earn rewards.
The goal is to have transaction fee rewards in $sUSD outweigh $SNX rewards by some magnitude in the future.
2/x
Let's look at some protocols on L2 for people to use. 
