Synthetix

SNX

Decentralized synthetic asset platform

Details

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.

Significant Events

2023-03-20

Synthetix raised $ 20 M in a funding round

2021-02-14

Synthetix raised $ 12 M in a funding round

2018-04-11

Synthetix was live on mainnet

2018-03-01

Synthetix raised $ 30 M through ICO

Fundraising

Round
Amount
Valuation
Date
Investors
-- $ 20 M --
Mar 20
-- $ 12 M --
Feb 14, 2021
ICO $ 30 M --
Mar 01, 2018
--
  • 1
Total 3 Go to

Investments

Name
Round
Amount
Valuation
Date
-- $ 8.6 M --
Jan 01, 2022
Financing after Listed $ 2 M --
Oct 13, 2021
  • 1
Total 2 Go to