Synthetix, based on Ethereum, represents a decentralized synthetic asset issuance protocol allowing users to issue and trade various decentralized assets including cryptocurrencies, fiat currencies, stocks and commodities.

Asset type Token
Name Synthetix
Symbol SNX
Standard ERC-20
Supported Protocols Ethereum
Manage your Synthetix assets

How Synthetix works

Synths are derivative tokens giving access to a range of assets which can be traded with infinite liquidity and zero slippage using the Synthetix protocol’s pooled collateral model. Fees generated by trades between Synths are distributed to SNX collateral providers.