CoinGecko NFT Spotlight #4 is now here! As part of our collaboration, Ronald Ong has crafted two unique visuals that incorporate his artistic style with the Gecko. Don't miss out - Check out the NFT Drops now! 🦎🎨
Rank #2222
310 people like this
ieth  (IETH)


$775.59 ?
Last Updated: 2021-07-12 08:53:33 UTC (16 days ago)
310 people like this
24H Range
Market Cap $371,096
24 Hour Trading Vol ?
Fully Diluted Valuation $371,096
Circulating Supply 478
Total Supply 478
Max Supply 478
Show Info
Hide Info

iETH (IETH) Price Chart

We're indexing our data. Come back later!

How do you feel about iETH today?
Vote to see community's results!
You voted
Good Bad
0% 0%

IETH Price and Market Stats

IETH Price $775.59
Market Cap $371,096
Market Cap Dominance 0.00%
Trading Volume ?
Volume / Market Cap ?
24h Low / 24h High ? / ?
7d Low / 7d High ? / ?
Market Cap Rank #2223
All-Time High $1,827.81 ?
Feb 28, 2021 (5 months)
All-Time Low $44.93 ?
Jul 26, 2020 (about 1 year)

iETH Coin Price & Market Data

iETH price today is $775.59 with a 24-hour trading volume of ?. It has a circulating supply of 480 IETH coins and a total supply of 478.


What is iETH?

iETH, or inverse Ether, is a synthetic asset launched by Synthetix Exchange. With its underlying asset being Ether (ETH), iETH inversely tracks the price of Ether (ETH) provided by an oracle - Chainlink.

What are synthetic assets?

Synthetic assets or Synths are derivatives that provide exposure to real world assets on the Ethereum blockchain. Similar to derivatives in traditional financial markets, Synths allow users to hedge and reduce their risk, speculate on price movements and gain access to unavailable assets or markets. This is all accomplished without an individual ever holding the underlying asset.

How does iETH work?

For example, iETH entered the system when sETH was at $1000. As iETH tracks the value of sETH inversely, if the price of sETH drops to $800, the price of iETH would go up to $1200.

Upon reaching its upper limit of $1500 (i.e when Ether = $500) or its lower limit of $500 (i.e when Ether = $1500), iETH’s value will freeze. As a result, users can no longer purchase iETH on Synthetix Exchange but its frozen value can still be traded for other Synths. It will be replaced for another iETH with different limits after a period of time upon reaching its upper or lower limits. 

How can I obtain iETH?

iETH can be purchased from Synthetix Exchange.

To obtain iETH, users have to first obtain Synthetic Network Tokens (SNX), which is Synthetix’s native token. Users can buy SNX from exchanges such as Binance and Uniswap

With SNX, users can then stake SNX as collateral on Mintr to mint sUSD, a synthetic US dollar stablecoin. 

The amount of sUSD minted will depend on two factors: i) the amount of SNX staked, and ii) the collateralization ratio (C-Ratio) of the platform. Currently, the C-Ratio is 500%. This means that if the value of SNX or Synths fluctuate, the user’s C-Ratio will fluctuate as well. 

The minted sUSD can then be exchanged for iETH and other Synths on Synthetic Exchange.

Alternatively, users can also buy sUSD directly on Synthetix Exchange with ETH. The purchased sUSD minted can then be exchanged for iETH and other Synths on Synthetic Exchange.

What other synthetic assets are there?

The Synths tab within Synthetix Exchange displays all its supported synthetic assets available to trade.  To learn more about the inner workings of the different Synth types in detail, simply head to Synthetic’s litepaper.

In general, there are 5 types of synthetic assets:

  1. Foreign Exchange (Forex): Synths that track the price of forex currencies
    • Examples: sUSD, sEUR, sAUD etc.
  2. Commodity: Synths that track the price of commodities
    • Examples: sOIL, sXAU, sXAG
  3. Crypto: Synths that track the price of cryptocurrencies
    • Examples: sBTC, sETH, sXRP etc.
  4. Index: Synths that track an index - a basket of stocks or cryptocurrencies
    • Examples: sDEFI, sCEX, sNIKKEI etc.
  5. Inverse (iSynths): Synths that inversely track the price of assets, such as cryptocurrencies or commodities
    • Examples: iBTC, iETH, iOIL etc.

iETH News & Guides

Dogecoin for dog food at Brazil’s Burger Kings

Dogecoin for dog food at Brazil’s Burger Kings

Forkast (15 minutes ago)

In the latest effort of crypto cross-promotion, Burger King Brazil is now accepting the memecoin Dogecoin as payment for a “Dogpper” — a special edible doggie treat for customer’s pets and a play on words of the fast-food chain’s famous burger, the Whopper. Fast facts The doggie treat is not new ... (Read More...)

Amazon plans to explore crypto but denies bitcoin payments.

Amazon plans to explore crypto but denies bitcoin payments.

Coinnounce (26 minutes ago)

The world’s leading e-commerce giant Amazon is looking for a digital currency and blockchain lead to leverage these technologies to better its payments system. This led to reports that Amazon was considering bitcoin payments, although the firm has denied the claims. Several of the major firms as ... (Read More...)

coingecko (thumbnail mini)
CoinGecko for iOS
coingecko (thumbnail mini)
CoinGecko for Android