Synthetic is a protocol for issuing and trading synthetic assets based on Ethereum. Synthetic assets, synthetic tokens or synth are RC20 tokens that track the price of an external assets. It consists of smart contracts and a set of incentives, the value of the network token also acts as collateral, for the production of a synthetic asset, a lock of the proportional value of SNX is required, which allows you to instantly convert between synthetic assets without the problems with liquidity and slippage that other decentralized exchanges. The resulting token network supports a wide range of use cases, including trading, loans, payments, money transfers, e-commerce, and more.

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Synthetix

Synthetix is a protocol for the release of synthetic assets on the Ethereum blockchain. The project supports the idea of stablecoins by adding the ability to create a digital copy of any asset. The sUSD is a digital copy of the US dollar.

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RT @synthetix_io: Great news! SIP 2003 (OP Trading Rewards for SNX Perps) has passed governance and is estimated to launch the first week o…

Great news! SIP 2003 (OP Trading Rewards for SNX Perps) has passed governance and is estimated to launch the first week of April.

This SIP will allocate 200,000 OP in weekly SNX Perps trading rewards for 17 weeks.

Stay tuned for a blog post with OP distribution information.

Great news.

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