Synth ETH
sETH
sETH is a synthetic derivative of ETH collateralized with SNX token at a 3:1 ratio.
Risk Rating
Best
$3,268.14
3.70%
Summary
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Information
Blockchain
- Ethereum
Key Metrics
- Market Cap: $37.9M
- Fully Diluted Valluation: $37.9M
- FDV / MC: 1
- Ranking inside Exponential (excluding stables): #81
- Circulating Supply: 11,584
- Total Supply: 11,584
- Total Supply: 11,584
- Volume (24H): $2K
- ATH: $4,876.35 (11/10/2021)
- ATL: $0.01 (04/01/2020)
Risk Assessment
Best
Asset Strength
sETH is a low-cap, fully collateralized asset. This asset is exposed to the underlying risks of Synthetix, a protocol rated as Watch out.
Asset Tokenomics
sETH has an uncapped supply but has inflation control or burn mechanisms in place. sETH is a synthetic derivative of Ether, and is overcollateralized with SNX tokens by at least a 3:1 ratio.
Asset Volatility
sETH is highly correlated to the overall market.
Dependencies
Synthetix
Things to know about sETH
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