SNX Debt Mirror Logo

SNX Debt Mirror

SNX Debt Mirror header image

1. Summary

Ranks

Liquidity
-
Developer
17
Social
65
Momentum (beta)
0
Stack Rankā„¢
-
Price
$1.23 0.0%
Market Cap
$0.00 (#7189)
Supply
/
Tags
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
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.
2. Price

2.1. Market Performance

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

3. Developer Activity

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 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.

4. Social Activity

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
5. News

No recent news found.

7. More Information

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...
Twitter @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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