Convert Synthetix Network Token SNX to OUSG OUSG
SNX to OUSG: 1 Synthetix Network Token converts to 0.001933 OUSG
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About SNX and OUSG
Synthetix Network Token is falling, while OUSG is climbing this week. The current SNX to OUSG conversion rate is 0.001933. Inversely, this means that if you convert 1 OUSG you will get 517.27 SNX. The conversion rate of SNX/OUSG has increased by 0.92% in the last hour (OUSG/SNX decreased by 0.92%). In the last 24 hours, SNX/OUSG shrunk by 0.95%, while OUSG/SNX grew by the same amount.
The exchange rate of Synthetix Network Token is decreasing. The current value of 1 SNX is 0.001933 OUSG. In other words, to buy 5 Synthetix Network Token, it would cost you 0.009666 OUSG. Inversely, 1 OUSG would allow you to trade for 517.27 SNX while 50 OUSG would convert to 25,863.59 SNX, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 8.84%. Meanwhile, in the last 24 hours, the rate has changed by 0.27%, which means that the highest exchange rate of 1 SNX to OUSG was 0.002 OUSG and the lowest 24 hour value was 1 SNX for 0.001893 OUSG. Last month, 1 SNX was worth 0.001909 OUSG. Today, it's up 1.23%. Looking back a year, Synthetix Network Token has changed by 0.006374 OUSG. That means that in a single year, the value of Synthetix Network Token has shrank by 229.72%.
Synthetix Network Token Market Stats
Synthetix Network Token (SNX) is an Ethereum token that powers Synthetix, a decentralised synthetic asset issuance protocol. Synthetic assets are minted when token holders stake their SNX as collateral using Mintr, a decentralised application for interacting with the Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies, and commodities.
OUSG Market Stats
OUSG is a tokenized short-term US Treasury bills ETF, overseen and managed by Ondo Capital Management, a subsidiary of Ondo Finance. The significant majority of this portfolio is held in the iShares Short Treasury Bond ETF (NASDAQ: SHV). There is also a small portion of USDC and USD for liquidity purposes. OUSG brings exposure to the ‘risk-free’ US Treasury rate on-chain for the first time. OUSG is an investment option that delivers a stable and predictable return while offering deep liquidity. Ondo funds such as OUSG only ever invest into ETFs backed by secure, stable, and liquid securities; these are the same assets in which trillions of dollars are invested every day by the world's largest institutions. OUSG was developed alongside two other fund tokens, OSTB and OHYG, by Ondo Finance, a software development firm in DeFi. Ondo launched in August 2021. Its first product was Ondo Vaults, a structured finance protocol on Ethereum. Later that year, Ondo launched Liquidity-as-a-Service (LaaS), facilitating over $210M in total liquidity provided. As DeFi yields compressed in 2022, the Ondo team decided to sunset Vaults and LaaS (together, "Ondo V1") to focus on next-generation protocols. Ondo V2, including Ondo’s tokenized funds, were announced by Nathan Allman in January 2023. Ondo funds subsequently opened to subscriptions soon after. What can OUSG be Used For? For investors who pass KYC and AML screening and sign subscription documents, OUSG tokens represent ownership in the fund. Investors can transfer these tokens between each other to effect changes in fund ownership. Investors can also use smart contracts to facilitate their financial arrangements such as by engaging in lending and trading activities with each other. The tokens themselves have transfer restrictions that will ensure they do not end up in the hands of anyone not appropriately qualified as an investor in the fund.
Conversion tables
SNX to OUSG values from Today at 9:23 pm
0.5 SNX = 0.0009666 OUSG |
1 SNX = 0.001933 OUSG |
5 SNX = 0.009666 OUSG |
10 SNX = 0.01933 OUSG |
50 SNX = 0.09666 OUSG |
100 SNX = 0.1933 OUSG |
500 SNX = 0.9666 OUSG |
1,000 SNX = 1.93 OUSG |
OUSG to SNX values from Today at 9:25 pm
0.5 OUSG = 258.64 SNX |
1 OUSG = 517.27 SNX |
5 OUSG = 2,586.36 SNX |
10 OUSG = 5,172.72 SNX |
50 OUSG = 25,863.59 SNX |
100 OUSG = 51,727.18 SNX |
500 OUSG = 258,635.91 SNX |
1,000 OUSG = 517,271.81 SNX |
SNX to OUSG over time
SNX | Today | 24H -0.27% | 1M 1.23% | 1Y -229.72% |
|---|---|---|---|---|
0.5 SNX | 0.0009666 OUSG | 0.0009692 OUSG | 0.0009547 OUSG | 0.003187 OUSG |
1 SNX | 0.001933 OUSG | 0.001938 OUSG | 0.001909 OUSG | 0.006374 OUSG |
5 SNX | 0.009666 OUSG | 0.009692 OUSG | 0.009547 OUSG | 0.03187 OUSG |
10 SNX | 0.01933 OUSG | 0.01938 OUSG | 0.01909 OUSG | 0.06374 OUSG |
50 SNX | 0.09666 OUSG | 0.09692 OUSG | 0.09547 OUSG | 0.3187 OUSG |
100 SNX | 0.1933 OUSG | 0.1938 OUSG | 0.1909 OUSG | 0.6374 OUSG |
500 SNX | 0.9666 OUSG | 0.9692 OUSG | 0.9547 OUSG | 3.19 OUSG |
1,000 SNX | 1.93 OUSG | 1.94 OUSG | 1.91 OUSG | 6.37 OUSG |
Frequently asked questions
Right now, 1 Synthetix Network Token is worth about $0.2249.
Based on the current rate, you could get 4.45 SNX for 1 USD.
Synthetix Network Token price has been declining. Since yesterday, the exchange rate of Synthetix Network Token has decreased. Since last month, the exchange rate of Synthetix Network Token has increased. Since this time last year, the price of Synthetix Network Token has decreased.
You can use our SNX to USD calculator at the top of this page to convert any amount of SNX to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 22.23 SNX. Inversely, 5 SNX will cost about $1.12
Synthetix Network Token is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Synthetix Network Token.
There are a number of crypto assets that have the a similar or comparable market cap to Synthetix Network Token, including Aave SNX V2, FTX Token, and Prometeus. For a more robust list of assets to explore, jump to the asset page dedicated to Synthetix Network Token.
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