Convert Synthetix Network Token SNX to Wrapped USDR WUSDR
SNX to WUSDR: 1 Synthetix Network Token converts to 0.80 WUSDR
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About SNX and WUSDR
Synthetix Network Token is falling, while Wrapped USDR is climbing this week. The current SNX to WUSDR conversion rate is 0.80. Inversely, this means that if you convert 1 WUSDR you will get 1.25 SNX. The conversion rate of SNX/WUSDR has increased by 0.58% in the last hour (WUSDR/SNX decreased by 0.58%). In the last 24 hours, SNX/WUSDR shrunk by 7.12%, while WUSDR/SNX grew by the same amount.
The exchange rate of Synthetix Network Token is decreasing. The current value of 1 SNX is 0.80 WUSDR. In other words, to buy 5 Synthetix Network Token, it would cost you 3.9999 WUSDR. Inversely, 1 WUSDR would allow you to trade for 1.25 SNX while 50 WUSDR would convert to 62.50 SNX, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 18.36%. Meanwhile, in the last 24 hours, the rate has changed by 7.12%, and that the highest exchange rate of 1 SNX to WUSDR was 0.8569 WUSDR and the lowest 24 hour value was 1 SNX for 0.7582 WUSDR. Last month, 1 SNX was worth 1.09 WUSDR. Today, it's down 36.19%. Looking back a year, Synthetix Network Token has changed by 2.91 WUSDR. That means that in a single year, the value of Synthetix Network Token has shrank by 263.49%.
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.
Wrapped USDR Market Stats
wUSDR is a wrapped version of USDR. USDR is the world’s first stablecoin collateralized by tokenized, yield-producing real estate. USDR has its own value accrual system built into its design, differentiating it from other currencies. Using a consistent stream of dependable yield derived from rental revenue, USDR will deliver a native real yield to stakers through a daily rebase, projected to range between 10 - 20% APY. As an asset class, real estate is inflation-proof and wealth generating, making it an ideal backing for a stablecoin. While the dollar has lost over 80% of its purchasing power over the past 50 years, the price of single-family home has gone up by 14x in countries like the United States. So a real estate backed stablecoin not only works as a hedge against the volatility of crypto markets, it also protects holders from the impacts of ongoing currency debasement. USDR is minted using DAI and can always be redeemed 1:1 for DAI. Treasury DAI is used to purchase and tokenize income-generating real estate, which is added to the treasury and serves as the primary source of protocol yield. As the value of the tokenized real estate appreciates over time, USDR becomes overcollateralized. Tokenized real world assets are the path to meaningfully grow the market cap of crypto and DeFi, reaching the next billion users in the process. Bringing RWAs on-chain allows for transparent, trust-minimized and efficient access to categories like the ~$330T global real estate market. Without the need for a mortgage or a downpayment, it’s now possible for anyone with a phone to access many of the benefits of real estate though USDR.
Conversion tables
SNX to WUSDR values from Today at 3:15 pm
0.5 SNX = 0.40 WUSDR |
1 SNX = 0.80 WUSDR |
5 SNX = 4.00 WUSDR |
10 SNX = 8.00 WUSDR |
50 SNX = 40.00 WUSDR |
100 SNX = 80.00 WUSDR |
500 SNX = 399.99 WUSDR |
1,000 SNX = 799.99 WUSDR |
WUSDR to SNX values from Today at 3:14 pm
0.5 WUSDR = 0.625 SNX |
1 WUSDR = 1.25 SNX |
5 WUSDR = 6.25 SNX |
10 WUSDR = 12.50 SNX |
50 WUSDR = 62.50 SNX |
100 WUSDR = 125.00 SNX |
500 WUSDR = 625.01 SNX |
1,000 WUSDR = 1,250.02 SNX |
SNX to WUSDR over time
SNX | Today | 24H -7.12% | 1M -36.19% | 1Y -263.49% |
|---|---|---|---|---|
0.5 SNX | 0.40 WUSDR | 0.4285 WUSDR | 0.5448 WUSDR | 1.45 WUSDR |
1 SNX | 0.80 WUSDR | 0.8569 WUSDR | 1.09 WUSDR | 2.91 WUSDR |
5 SNX | 4.00 WUSDR | 4.28 WUSDR | 5.45 WUSDR | 14.54 WUSDR |
10 SNX | 8.00 WUSDR | 8.57 WUSDR | 10.90 WUSDR | 29.08 WUSDR |
50 SNX | 40.00 WUSDR | 42.85 WUSDR | 54.48 WUSDR | 145.39 WUSDR |
100 SNX | 80.00 WUSDR | 85.69 WUSDR | 108.95 WUSDR | 290.79 WUSDR |
500 SNX | 399.99 WUSDR | 428.47 WUSDR | 544.77 WUSDR | 1,453.95 WUSDR |
1,000 SNX | 799.99 WUSDR | 856.93 WUSDR | 1,089.54 WUSDR | 2,907.89 WUSDR |
Frequently asked questions
Right now, 1 Synthetix Network Token is worth about $0.262.
Based on the current rate, you could get 3.82 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 decreased. 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 19.08 SNX. Inversely, 5 SNX will cost about $1.31
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, YZY MONEY, and Melania Meme. For a more robust list of assets to explore, jump to the asset page dedicated to Synthetix Network Token.
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Coinbase to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Coinbase exchange as well as other cryptocurrency exchanges and market data platform. Coinbase may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content.