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/biz/ - Business & Finance

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File: 243 KB, 742x494, SNX-Synthetix-Crypto.png [View same] [iqdb] [saucenao] [google]
55620982 No.55620982 [Reply] [Original]

Why is SNX such a chaddy coin? While market is struggling this thing is just doing Chad things

>> No.55620992

>>55620982
>doing Chad things
Such as?

>> No.55621023

This really is gonna be a top 20 coin, isnt it?

>> No.55621061

>>55620992
Outperforming the market

>> No.55621080
File: 187 KB, 1858x1465, 1666969402472917.jpg [View same] [iqdb] [saucenao] [google]
55621080

>>55621061

>> No.55621129

>>55621080
Looks like every other alt

>> No.55621130
File: 47 KB, 682x392, Screenshot_20230721-115101_DuckDuckGo.jpg [View same] [iqdb] [saucenao] [google]
55621130

>>55621080
>cycles dont exist

>> No.55621593

>>55621080
kek

>> No.55622217
File: 574 KB, 519x616, Comfy Snax.png [View same] [iqdb] [saucenao] [google]
55622217

>>55620982
Glad I’m not the only one feeling this comfy. How much do you have staked?

>> No.55622311

>>55622217
Nothing staked, im a simple man.. Just holding 14k SNX

>> No.55622380
File: 140 KB, 828x1156, Screenshot 2023-07-21 at 9.14.08 AM.png [View same] [iqdb] [saucenao] [google]
55622380

>>55622311
You’re missing out on free money anon

>> No.55622406

>>55622380
Thanks, but im fine by buying the bottom and selling the top soon. All the best to you fellow snx knower

>> No.55622418

>>55622406
By soon i mean around 50$ a pop

>> No.55622430

>>55622418
Based and Godspeedpilled

>> No.55623260

>>55622217
Can you explain the staking? I want to stake but how hands on is it? The whole maintaining your c ratio and making sure you dont get liquidated worries me, id ask in the discord about this shit but i cant join for some reason

>> No.55623475
File: 76 KB, 828x828, Screenshot 2023-07-21 at 11.06.27 AM.png [View same] [iqdb] [saucenao] [google]
55623475

>>55623260
I can’t explain the staking here but I recommend reading the guides and don’t be afraid to ask questions in the discord. Manage your collateral, get weekly SNX rewards. I fucked up and didn’t manage my c ratio earlier this year but I’m back on track

>> No.55623514

>>55623475
Im trying to get added to the disc rn, Did you lose your snx when you didnt properly manage your c ratio? Have you had to add more collateral after your intial deposit?

>> No.55623536
File: 80 KB, 828x508, Screenshot 2023-07-21 at 11.16.09 AM.png [View same] [iqdb] [saucenao] [google]
55623536

>>55623514
Only brainlets lose their SNX (you get liquidated if your c ratio falls below 160%) The SNX that is liquidated is split amongst the other stakers. Not sure why you can’t join the discord

>> No.55623597

>>55623536
Alright cheers for the info, I joined it, then was removed a few days later, i assume due to some sort of automatic ban wave, considering I never interacted in it, a few others in the kwenta discord have been removed too

>> No.55623732

SNX had issues because of the value relative to minting synthetics
a silver synth cost 100 bucks in mint
way too steep

>> No.55625214

Snx just giga steamrolling over all'yall. Stay poor non-snxers

>> No.55625244

>>55623260
>Can you explain the staking
It's a trap. Don't do it

>> No.55625286

>>55620982
zoom out
>>55621080
this basically, all alts are the same

>> No.55625356

>>55625286
utter cope

>> No.55625399
File: 3.06 MB, 1614x1396, fatAdam.png [View same] [iqdb] [saucenao] [google]
55625399

>>55620982
it's the favorite token of Adam fat Cockroach so I'll never touch it again

>> No.55625497

>>55625399
I dont know this guy, but head looks disproportionally big, thus his brain must have immense capacity.