Synth
Synthetix looks to turn off the SNX money printer once and for all
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the Ethereum and Optimism networks. In an Aug. 25 Synthetix Improvement Proposal (SIP) Warwick explained that SNX reward inflation was initially intended to “bootstrap the network”, however, he believes it’s no longer necessary as they can generate sustainable fee yields from atomic swaps. monthly trading volume on @synthetix_io pic.twitter.com/QCWYbB5Xu4 — Token Terminal (@tokenterminal) August 25, 2022 A big rise in fee revenue has be...
Rock and Roll Hall of Fame Inductions Lose Luster Without Live Element: Review
It’s been a strange year for the music industry. Case in point: we’re finally watching the 2020 Rock and Roll Hall of Fame inductions in November, it’s all being done remotely by tape, and there are no musical performances. Nothing about this is normal, of course, and fans will surely miss the who’s who of rock royalty that can usually be seen rubbing shoulders at the ceremony, not to mention the opportunity to see our heroes climb on stage together — sometimes for the first time in years — to accept hardware and even take a stab at performing our favorite songs. Obviously, the raging COVID-19 pandemic made a normal induction ceremony impossible, and those who produced or took part in Saturday’s telecast deserve credit for finding a way to safely honor the best of the music industry. <i...
