Synthetix

Synthetix is a decentralized protocol for creating and trading synthetic assets on Ethereum and Optimism. It enables the creation of synths, which are on-chain representations of real-world assets including currencies, commodities, stocks, and crypto assets. Users stake SNX tokens as collateral to mint sUSD and other synthetic assets. The protocol serves as a liquidity layer for several DeFi protocols including Kwenta for perpetual futures trading. Synthetix V3, launched in stages, introduced...

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