About this market
SNX is a lending market on Aave V3 (Ethereum), listed as Synthetix Network Token. Depositors supply SNX to the market and earn a variable interest rate paid by borrowers, who post collateral and are liquidated if their loan outgrows the market's limits. The rate floats with utilization — how much of the supplied SNX is borrowed at the time — so the market is used to earn on an idle SNX balance, or to borrow against collateral without selling it.
- Protocol
- Aave V3
- Chain
- Ethereum
- Asset
- SNX
- Market
- Synthetix Network Token
- Market type
- Single asset
- Yield accrual
- Variable rate, paid by borrowers
