To get you started on learning about Synthetix, below are answers to some of the most popular generic questions.
You receive rewards for staking SNX: sUSD fees generated from traders (Kwenta Futures, Lyra options, Kwenta Spot, Curve cross-asset swaps, etc.) and SNX rewards.
Not only do you receive monetary rewards, but you also provide liquidity across DeFi to enable the protocol to flourish.
Go to the Synthetix Staking dapp on Optimism and click "Mint Max" this will stake all of your SNX. You'll receive sUSD for staking, this is your issued debt, which will fluctuate. Make sure to read more about staking, and do not forget to hedge your debt!
There are a number of centralized and decentralized exchanges where you can buy SNX. Here are some:
CEXes: Kucoin, Binance, Poloniex, Okex, Coinbase
DEXes: 1inch, Uniswap, Kyber, dex.blue
All a staker must do is navigate to the Synthetix Staking website’s debt section and purchase the dSNX token through the UI, which is integrated into the ‘Manage Tab.’
1 sUSD worth of debt mirror token will hedge one sUSD worth of debt. Make sure you're connected to Optimism!
Synthetix liquidity powers many protocols across all of DeFi; here's a list