Audience

Anyone interested in a platform for trading in DeFi

About Synthetix

Synthetix is a decentralised synthetic asset issuance protocol built on Ethereum. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). This pooled collateral model enables users to perform conversions between Synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEX’s. Synthetix currently supports synthetic fiat currencies, cryptocurrencies (long and short) and commodities. SNX holders are incentivised to stake their tokens as they are paid a pro-rata portion of the fees generated through activity on Synthetix.Exchange, based on their contribution to the network. It is the right to participate in the network and capture fees generated from Synth exchanges, from which the value of the SNX token is derived. Trading on Synthetix.Exchange does not require the trader to hold SNX.

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Integrations

API:
Yes, Synthetix offers API access
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Company Information

Synthetix
Founded: 2017
Australia
synthetix.io

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Product Details

Platforms Supported
Cloud
Training
Documentation
Support
Online

Synthetix Frequently Asked Questions

Q: What kinds of users and organization types does Synthetix work with?
Q: What languages does Synthetix support in their product?
Q: What kind of support options does Synthetix offer?
Q: What other applications or services does Synthetix integrate with?
Q: Does Synthetix have an API?
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Synthetix Product Features