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News Explorer — SNX Rises 9% as Synthetix Community Votes to Open 8 New Markets

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May 18, 10:03 am

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SNX Rises 9% as Synthetix Community Votes to Open 8 New Markets

Synthetix's native token SNX is up 9.3% on the day, trading at $2.42. It is a governance tool and a staking service, and is an infrastructure provider powering trading platforms such as Kwenta and Lyra. Two key proposals from the Synthetix community, SIP 2014 and 2015, are being voted on and could open eight new markets for synthetic versions of cryptocurrencies.

Synthetix's native token SNX is up 9.3% on the day, trading at $2.42. It is a governance tool and a staking service, and is an infrastructure provider powering trading platforms such as Kwenta and Lyra. Two key proposals from the Synthetix community, SIP 2014 and 2015, are being voted on and could open eight new markets for synthetic versions of cryptocurrencies.

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