SNX Debt Mirror
1. Summary
- Description
-
SNX Debt Mirror
SNX Debt Mirror
The SNX Debt Mirror is a decentralized, managed by Toros, and automated risk management tool created by dHEDGE to help Synthetix (SNX) stakers hedge their exposure to the Synthetix debt pool. This tool replicates the Synthetix debt pool on Optimism, allowing stakers to easily manage their liabilities with real assets, reducing the need for ongoing monitoring and adjustments.
Functionality
The SNX Debt Mirror holds assets in a specified ratio to match the debt pool, with periodic rebalancing to maintain this ratio. This allows stakers to hedge their liabilities with minimal effort and ensures they are not exposed to significant price movements in individual assets.
Key Features
- Rebalancing: Continuously adjusted to maintain the same composition as the debt pool.
- Hedging: Automatically mirrors the Synthetix debt pool, providing stakers with a simple, low-maintenance way to manage their exposure.
- Assets: Currently holds a mix of tokens including USDy, WETH, and USDC.
History
- Launch Date: May 3, 2022
Deposit & Portfolio
- Deposit: Allows users to purchase shares in the SNX Debt Mirror, which replicates the debt pool.
- Portfolio: Currently composed of 60.9% USDy, 29.3% WETH, and 9.8% USDC.
Resources
- dHEDGE: The decentralized asset management platform that created the SNX Debt Mirror.
- Toros Finance: Manages the SNX Debt Mirror and provides the necessary infrastructure for its operation.
- Synthetix: The blockchain-based decentralized synthetic asset issuance system that the SNX Debt Mirror is designed to support.
| Price | |
| 52W High price | $1.25 |
| 52W High date | 6th Feb 2022 (2 years ago) |
| All Time High (ATH) Date | 5th Jul 2024 (3 months ago) |
| All Time Low (ATL) Date | 5th Jul 2024 (3 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $30,318.00 |
How does SNX Debt Mirror's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
22.8%
Similar Market Cap
We're monitoring 38 SNX Debt Mirror GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All SNX Debt Mirror Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 2
- Past 12 weeks: 2 commits vs. an average of 9
- Past year: 6 commits vs. an average of 115
Most Active Repos
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 1795 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 5 |
| Past year | 856 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 110 |
| Past week | 7 |
|---|---|
| Past 12 weeks | 54 |
| Past year | 106 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 27 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 26 |
Top Developers 2024
In total, 490 developers have contributed to SNX Debt Mirror over the past year. Who are the most active SNX Debt Mirror developers, by commits, over the past year?
Related Projects
Developers working on SNX Debt Mirror also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | |
| Twitter followers | 19,277 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://app.dhedge.org/ |
|---|---|
| Explorer | https://etherscan.io/token/0x5f7f94a1dd7b15594d175... |
| @dHedgeOrg |
What is the correct contract address for SNX Debt Mirror?
| Ethereum | 0x5f7f94a1dd7b15594d17543beb8b30b111dd464c |
|---|
Has SNX Debt Mirror been audited for security?
No security audits found for this project.
Are you the owner of SNX Debt Mirror? Edit it here
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