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Synthetix
SNX
- Derivatives
- Synthetic Assets
- DeFi
Synthetix is a decentralized platform for synthetic assets that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade peer-to-contract (P2C) on Synthetix Exchange without liquidity restrictions.
Organisation
Subsidiary
Financial Portfolio
Perion | N/A | $8.6 M | ||
dHedge | Financing after Listed | Lead Investor $2 M | ||
Thales | Seed | N/A |