Understanding SNX
What is Synthetix?
Synthetix is a decentralised liquidity protocol that powers synthetic assets on-chain that are representations of real-world assets like stocks, commodities, and fiat currencies. Built on Ethereum and Optimism, Synthetix allows users to trade synthetic assets without needing the actual underlying asset. As one of the pioneers of decentralised finance (DeFi), Synthetix is a key player in the tokenised asset revolution.
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