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I purchased SNX tokens with the intention of staking on the Synthetix network. I was prepared to commit the asset to the staking process in order to learn minting, burning, maintaining collateral and all the steps involved. However, every time I tried to mint USD, the gas fees were very high. Prohibitively high so that it would negatively impact the real return that is realizable. Compared to holding the token and trading it on an exchange, the real return available in staking appears inferiSee full review

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Ryan PoseyP.

Novice Writer
1 Level
1 Review
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Biography

Manufacturing CEO
Joined in February 15, 2021