Kryptopriser -sETH
seth
sETH
NOK 6,040.67
NOK 5,984.13NOK 6,232.82
24t: -1.16%7d: -4.82%30d: -11.61%1y: -73.70%
NOK 6,040.67
sETH is a synthetic asset (Synth) created by the Synthetix protocol. It is designed to track the price of Ether (ETH) using decentralized oracle networks. This allows users to gain exposure to ETH's price movements without directly holding the underlying cryptocurrency.
Synthetix Synths are collateralized by Synthetix Network Tokens (SNX) locked in a smart contract. When a user wants to mint sETH, they lock SNX as collateral. The value of sETH is then maintained through a combination of over-collateralization and arbitrage opportunities.
The accurate price tracking of sETH is crucial for its functionality. This is achieved through reliable price feeds provided by decentralized oracle services. These oracles aggregate price data from various sources, ensuring that the sETH token reflects the real-time market value of Ether as closely as possible.