Synthetix: a short story
The journey of DeFi’s poster boy from a stablecoin payment network to an API for liquidity Chapter 1: The Pivot Synthetix started in February 2018 with a $30M ICO. Only, it wasn’t called Synthetix then. It was Havven, a decentralized cryptocurrency payment network similar to MakerDAO(Havven’s stablecoins were called nomins). But as other stablecoins captured the market, this direction was rendered less valuable and the project rebranded to Synthetix in November 2018, nomins becoming synths. S...
Synthetix: a short story
The journey of DeFi’s poster boy from a stablecoin payment network to an API for liquidity Chapter 1: The Pivot Synthetix started in February 2018 with a $30M ICO. Only, it wasn’t called Synthetix then. It was Havven, a decentralized cryptocurrency payment network similar to MakerDAO(Havven’s stablecoins were called nomins). But as other stablecoins captured the market, this direction was rendered less valuable and the project rebranded to Synthetix in November 2018, nomins becoming synths. S...
