SNX

SNX

what is Synthetix(SNX)?

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

What are the different types of cryptocurrency exchanges?

Binance、Coinbase Pro、OKEx、Kraken、Huobi Global、Bitfinex、MEXC

our pursuit

Latest Synthetix (SNX) news, we cover Synthetix (SNX) news and blockchain news.
Follow the continued development of Synthetix and the rise of a borderless, permissionless financial system. The evolution of the Synthetix industry, the best ways to invest in Synthetix, and how Synthetix futures impact blockchain adoption. How industry stakeholders will work to make Synthetix a mainstay in people's lives.