
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
Related News
Similar Projects
Symblox
Decentralized synthetic asset issuance and trading protocol on blockchain
SynLev
DeFi synthetic leveraged asset protocol
Bao Finance
Cross-chain DeFi Ecosystem
SYNTHR
Synthetic asset protocol
Parasset
Synthetic asset project
Poison Finance
Decentralized Multichain Synthetic Assets
Perlin
Decentralized synthetic liquidity pool
Youves
A platform for creating and managing synthetic assets