Another reason to choose 👨🏻🌾👩🏻🌾
It is also pretty crazy the prices of trying to withdraw the
sUSD from Curve. Unfortunate, but that is how composability works in practice. If Curve were cheaper, then $sUSDcodespan would be better, and so would Curve if Synthethix minting was cheaper.
It's true it is a hindrance but I doubt Synthetix is stopping. They have a very active community. Check their latest to see what's happening there.
I think this is what brought the decay on the
sCRV pool in Curve. Expensive gas, which probably impacted the perception of usability of $sUSDcodespan as well.
I love the article on the Rise of sUSD , it makes a powerful case for adoption, which is great, and I understand why that token would be the darling of Synthetix besides itself.
Well, as you mentioned, there is no "bridge risk", however, you have the risk of the price crashing. Moreover, you have to use a lot of gas to "mint" your synth. This is by no means exhaustive and is based on my limited understanding. Personally, I don't use "synths", I prefer to buy wrapped BTC like
wBTCcodecode in the secondary market.
For security concerns and convenience, people lean towards a certain Bitcoin-on-Ethereum solution over another.
Synthetix is based in Australia, Synthetix launched a seed funding round in September, 2017 to develop the concept of a self-contained stablecoin payment network. They then kicked off their public ICO on February 28, 2018 and by the end of the ICO on March 7, 2018, they had met their goal of $30,000,000 USD. Synthetix was rebranded from Havven on November 30, 2018.