30 - Synthetix To Billions | Kain Warwick
Bankless
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Evolution of Synthetix: Challenges and Innovations
This chapter recounts the evolution of the Synthetix platform, focusing on its initial design, the pivotal shift to liquidity mining, and challenges in governance. It highlights the role of Chainlink oracles in enhancing the accuracy of synthetic asset pricing and the significance of the SNX token within the ecosystem. The conversation also reflects on the broader developments in decentralized finance, including the need for innovation amidst market challenges from 2018 to early 2019.
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