

Synthetix is a DeFi protocol that lets users create and trade synthetic assets mirroring real-world prices like commodities, currencies, and crypto. It’s essentially a way to gain exposure without holding the underlying asset.



SNX, the network’s native token, is staked as collateral to mint these synthetic assets, ensuring every position is backed and secure. Stakers earn rewards but must maintain strict collateral ratios.



The protocol has evolved with upgrades like Optimism integration and perpetual derivatives, pushing toward faster, cheaper, and broader synthetic markets. Its roadmap focuses on decentralization and permissionless growth.

