Synthetix looks to turn off the SNX money printer once and for all

2022.08.26 11:02

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.

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