Synthetix

Synthetix is a decentralized protocol enabling synthetic asset creation.

Synthetix is a decentralized finance protocol that enables the creation and trading of synthetic assets on blockchain.

A protocol for minting "Synthetic Assets" on-chain. Users lock up the native token as collateral to create "Synths"—digital versions of real-world assets like gold, silver, or fiat currencies—which can then be traded.

Synthetic Asset Collateral: Used as the primary collateral that users must lock up to "mint" synthetic versions of real-world assets like gold, stocks, and oil.

Synthetic Collateral: Used as the primary collateral to back "Synths" (synthetic assets like sGold or sUSD). Holders must stake their tokens at a high collateral ratio to earn rewards and exchange fees.