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Synthetix logo Synthetix (SNX)

Synthetix Loans

Can I Take a Loan Out Using Synthetix As Collateral?

You could borrow against your Synthetix tokens at rates as low as 20% APR. Open an account and transfer your SNX tokens to the platform. Then use the value of those tokens as collateral for an instant loan. Normally no credit checks are required as the platform can use your Synthetix tokens to pay off the loan if necessary. The loan itself can be in a different currency to Synthetix. USDT and USDC are popular loan currencies.

6 matching crypto loans found
Platform Reviews Setup Fee LTV Rate
CeFi
Switzerland
93%
None
UP TO
90%
FROM
20%
APR
TO
20.1%
APR
Go To SiteGo

When Can I Get a Synthetix Loan?

You could use your other crypto assets such as Bitcoin as collateral for a Synthetix loan. You could borrow Synthetix at rates as low as 11.7% APY. Open an account, transfer your collateral currency to the platform and then apply for a SNX loan. If you need some SNX tokens but don't want to sell your collateral tokens then this can be a useful option.

350 matching crypto loans found
Platform Reviews Setup Fee LTV Rate
CeFi
Lithuania
94%
None
UP TO
65%
FROM
11.7%
APY
TO
14.6%
APY
Go To SiteGo

Synthetix FAQs

ASynthetix was launched in March 2018.
ASynthetix originated from Australia.
AThe highest price that Synthetix ever reached was $28.53 USD. This all time high price occured on 14 Feb 2021.
AThe lowest price that Synthetix ever reached was $0.034786 USD. This all time low price occured on 6 Jan 2019.
AYes you can find the Synthetix Reddit channel at https://reddit.com/r/synthetix_io.
ASynthetix is part of the Synthetics, Optimism, Bnb Chain and Fantom ecosystems.
AYes, staking is available for Synthetix on a number of platforms. For a full list of Synthetix staking yields see our list of Synthetix staking yields.
AYou can earn up to 242% APY by staking your Synthetix tokens. Check out our Synthetix staking yields table for further details.
ARight now the best staking rates are on KyberSwap with an income rate of up to 242% APY.
AYou can check the technical indicators for Synthetix on the Synthetix Price Trend tab. These indicators are based on the analysis of multiple trading signals for Synthetix.
AYou can find the cheapest exchange on which to buy Synthetix on the Synthetix Buy tab.
AYou can check which wallets support Synthetix on the Synthetix Wallets tab.
AAlmost all Synthetix loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Synthetix flash loans which allow you to borrow uncollateralised Synthetix for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Synthetix loans on the Synthetix Loans tab.
AThe following venture capital firms have invested in Synthetix: Alameda Research's, Coinbase Ventures, DeFiance Capital, Framework Ventures, Paradigm and Three Arrows Capital.

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