SNX token
Overview
The Synthetix protocol, which operates on Ethereum and Optimism, issues a native token designated SNX. Holders of SNX can stake the token as collateral to support the value of synthetic assets, or Synths, that are minted and traded on the platform. In return for staking, participants receive fees generated by trading activity.
Within The Counterparty graph, SNX connects to 4 tracked entities, most strongly to Ethereum, Synthetix, Synthetix v3.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 4 of 4 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issued_by | Synthetix | 95% |
supports_token | Synthetix v3 | 95% |
supports_token | Synthetix DAO | 95% |
Frequently asked questions
What is SNX?
SNX is a token tracked in The Counterparty knowledge graph. It is connected to 4 other tracked entities, most strongly to Ethereum, Synthetix, Synthetix v3.
What type of entity is SNX?
SNX is classified as a token (token) in The Counterparty knowledge graph.
What is SNX connected to?
In The Counterparty knowledge graph, SNX is linked to 4 other tracked entities, most strongly to Ethereum, Synthetix, Synthetix v3.