Synthetix
The backbone for derivatives trading in DeFi
Synthetix is based on Ethereum. It represents a decentralised synthetic asset issuance protocol.
The backbone for derivatives trading in DeFi
Synthetix is based on Ethereum. It represents a decentralised synthetic asset issuance protocol.
The Synthetix assets are collateralized by the Synthetix Network Token (SNX). When these assets are locked in a contract, that enables the issuance of synthetic assets called Synths.