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sdefi  (SDEFI)

sDEFI (SDEFI)

$9,397.32 -6.2%
0.26254169 BTC -0.7%
4.17898992 ETH -2.2%
561 people like this
Market Cap
$3,805,044
24 Hour Trading Vol
$12,715.80
24h Low / 24h High
$8,977.87 / $10,017.71
Circulating Supply
404 / 404

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1h
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-26.5%
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sDEFI Price and Market Stats

sDEFI Price
SDEFI Price $9,397.32
Market Cap $3,805,044
Market Cap Dominance 0.00%
Trading Volume $12,715.80
Volume / Market Cap 0.0033
24h Low / 24h High $8,977.87 / $10,017.71
7d Low / 7d High $9,321.89 / $10,956.14
Market Cap Rank #1261
All-Time High $22,305 -57.9%
May 08, 2021 (about 1 month)
All-Time Low $1,864.06 404.1%
Nov 03, 2020 (8 months)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
1 SDEFI/ETH Info 0xe1afe1fd76fd88f78cbf599ea1846231b8ba3b6b
$8,783.89
3.91580549531014 ETH
0.64% $200 $199
$17
0.002 0XE1A
0.14% **about 7 hours ago Updated recently
2 SDEFI/SUSD
$9,352.05
9277.93525807 SUSD
- - -
$12,635
1.351 SDEFI
- **about 9 hours ago Updated about 9 hours ago -
3 SDEFI/ETH 0xe1afe1fd76fd88f78cbf599ea1846231b8ba3b6b
$9,431.84
3.84433903982783 ETH
- - -
$33
0.004 0XE1A
- **3 days ago Updated 2 days ago -
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

sDEFI Coin Price & Market Data

sDEFI price today is $9,397.32 with a 24-hour trading volume of $12,715.80. SDEFI price is down -6.2% in the last 24 hours. It has a circulating supply of 400 SDEFI coins and a max supply of 405. If you are looking to buy or sell sDEFI, Uniswap (v2) is currently the most active exchange.

What is sDEFI?

sDEFI, or synthetic DEFI is a synthetic index launched by Synthetix Exchange. sDEFI uses Chainlink price oracles to track the prices of selected DeFI assets in constructing this synthetic index.

What does sDEFI consist of?

As an index, sDEFI aims to reflect the overall performance of the Decentralized Finance (DeFi) sector. Upon purchasing sDEFI, holders are able to gain exposure to prominent DeFi protocols. 

sDEFI consists of several selected DeFi tokens at varying weightage. As of the time of writing, sDEFI includes:

Users can refer to Synthetix’s litepaper to check out the latest basket of DeFi tokens in sDEFI. Community members can vote on the sDEFI index token and weightage composition.

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 can I obtain sDEFI?

To obtain sDEFI, users have to first obtain Synthetic Network Tokens (SNX), which is Synthetix’s native token. Users can buy SNX from cryptocurrency 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; the amount of SNX staked and 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 sDEFI or 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 sDEFI and other Synths on Synthetic Exchange

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