Talken Intregrates Sythetix
We are delighted to announce Talken has integrated with Synthetix!
Users can access Synthetix directly from Talken’s DApps browser without leaving the Talken multi-chain Wallet app. Users can store and send any assets from Synthetix on-chain safely within Talken App. Both partners will further jointly promote inter-chain and inter-asset class operability.
Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths).
This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s.
Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network.
It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX.
Talken is multi-chain decentralized NFT wallet with the large community. It is a seamlessly interoperable multi-chain NFT Suite, where K-pop stars, artists, and influencers can mint, auction, store, and trade NFTs.
Talken is an open NFT ecosystem bridging untapped NFT enthusiasts of Korea to Talken’s native NFTs and other famous NFTs by protocols such as NBA TopShot, Rarible, OpenSea, and more.
Our mission is to push for an inclusive and border-less NFT expansion, and empower digital creators and collectors with better tools and services to bring NFT mainstream.
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