New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps

Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July.

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DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain

Decentralized finance (DeFi) protocol Synthetix (SNX) is working toward launching its application blockchain, dubbed SNAXChain, according to a blog post published on September 4, 2024. Synthetix SNAXChain To Launch On Optimisms Superchain Infrastructure Ethereum-based derivatives liquidity protocol Synthetix is set to unveil SNAXChain, an application blockchain built on Optimisms Superchain infrastructure.  For the uninitiated, Ethereum [...]

The post DeFi Protocol Synthetix To Launch Its Own Application Blockchain, SNAXChain appeared first on Crypto Breaking News.

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Synthetixs Request To Spend 900,000 ARB Rejected: Will Arbitrum Price Recover?

Synthetix, a popular DeFi protocol, is facing challenges regarding its plans for Arbitrum, a layer-2 platform for Ethereum. According to the recent voting results, the community voted against its plans to extend its Long-Term Incentive Program (LTIP) grant. Arbitrum Holders Vote Against Synthetix Proposal The goal was to support the launch of Multi-Collateral Perps. The [...]

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Synthetix betting on new multi-collateral perps ahead of Arbitrum rollout

Synthetix faces fierce competition on the DeFi-oriented layer 2. 

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Anyscale Explores Direct Preference Optimization Using Synthetic Data

Anyscale's latest blog post delves into Direct Preference Optimization (DPO) with synthetic data, highlighting its methodology and applications in tuning language models. (Read More)

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Ethena Labs USDe launches as margin collateral on Bybit with 20% APR

The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.

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NVIDIA NeMo T5-TTS Model Tackles Hallucinations in Speech Synthesis

NVIDIA NeMo's T5-TTS model addresses hallucinations in speech synthesis, offering more accurate and natural-sounding text-to-speech output. (Read More)

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Meta Unveils Llama 3.1 405B for Advanced Synthetic Data Generation

Meta releases Llama 3.1 405B, enhancing synthetic data generation for various industries using large language models. (Read More)

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NVIDIA Utilizes Synthetic Data to Enhance Multi-Camera Tracking Accuracy

NVIDIA's synthetic data and AI models improve multi-camera tracking accuracy via fine-tuning, leveraging digital twins and the TAO toolkit. (Read More)

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NVIDIA Unveils Nemotron-4 340B Models for Enhanced Synthetic Data Generation

NVIDIA introduces Nemotron-4 340B models, including Reward and Instruct models, for advanced Synthetic Data Generation (SDG) with a permissive license. (Read More)

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NVIDIA Unveils Largest Indoor Synthetic Dataset at CVPR for Advancing Physical AI

NVIDIA has contributed the largest ever indoor synthetic dataset to the AI City Challenge at CVPR, aiding in the development of AI solutions for smart cities and industrial automation. (Read More)

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Tether launches gold-backed, US dollar stablecoin Alloy

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

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NVIDIA Launches Nemotron-4 340B for Synthetic Data Generation in AI Training

NVIDIA unveils Nemotron-4 340B, an open synthetic data generation pipeline optimized for large language models. (Read More)

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First Bitcoin-backed synthetic dollar to launch with 25% yield

USDh is the first Bitcoin-native synthetic dollar with yield-generating capabilities. Is the 25% yield sustainable?

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Financial institutions face rising threat from sophisticated AI fraud

Many financial institutions are struggling to keep up with the rising sophistication of AI-driven fraud, creating a critical need for enhanced detection and prevention methods.

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NVIDIA Introduces Cosmos Reason for Enhanced AI Training with Synthetic Datasets

NVIDIA's Cosmos Reason enhances AI training using synthetic datasets, facilitating realistic decision-making for robots and autonomous systems. (Read More)

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Pareto Unveils Innovative Synthetic Dollar Backed by Private Credit

Pareto, a prominent player in the cryptocurrency space, has recently unveiled a groundbreaking initiative – the launch of a synthetic dollar backed by private credit. This innovative development represents a significant step forward in the realm of digital currencies, offering a new avenue for investors and enthusiasts to explore. The synthetic dollar, as the name [...]

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Synthetix Price Prediction for Today, May 15 SNX Technical Analysis

The Synthetix prediction price is changing hands at $2.56 as the coin moves to cross above the 9-day and 21-day moving averages. Is SNX Poised [...]

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Synthetix Bids $27M to Reacquire Derive Options

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SNX token rises as Synthetix moves to re-acquire Derive for mainnet perps

Synthetix’s SNX token today jumped 11% amid $27M Derive re-acquisition news. Synthetix plans to merge Derive’s options stack into Synthetix’s mainnet perps. The proposal will involve swapping 27 DRV for 1 SNX, with Synthetix minting new 29.3M SNX tokens. Decentralised finance (DeFi) platform Synthetix has announced a $27 million token swap deal to re-acquire options […]

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