/biz/ - Business & Finance

>>17574987
nothing went wrong. The inflation model is known by everyone who DHOR.

The problem which I see with SNX is that they lack of traders. Almost the only traders which SNX has are the stakers. Since the last two weeks the rewards in form of sUSD went in my case from 50 USD down to roughly about .30 cents together with a lower amount of SNX as reward. 2020 will be the turning point for Synthetix, they are also no longer the number 2 DeFi project. That is now Compound.

If the price falls down to .70 cents then I am out

>>17574987
Hype outpaced fundamentals. Nearly all of the trading volume was from frontrunning bots. Still a solid project, I sold off my position when we were still ~$1.20 though.

>>17575531
why the fuck would you expect traders to use this platfrom? There's no leverage, limited pairs, and you have to wait on ETH to execute a trade.

The whole point of this play is that you get in BEFORE they reach feature parity. Once whales actually use SX as a default, it will be to expensive to buy you retard. Right now the peg is broken and the community keeps pushing through shit to punish minters (800% collat ratio now LMFAO), so that frontrunners can profit it. The broken peg does deter traders but it's inconsequential if the exchange doesn't have critical features it needs to be competetive.

I'm stacking.

>>17575588
The community? LOL Do you know actually the governance model of SNX?

in 2020 they focus on the traders. Keep ranting
https://blog.synthetix.io/the-state-of-synthetix/