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.

Synthetix news today, SNX crypto latest news of token ticker

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.

sUSD news today, SUSD crypto latest news of token ticker

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Before the space, read the blog post below to learn about the release.

https://t.co/lTQye9Mn4G

Before the space, read the blog post below to learn about the release.

twitter news 08 December 2023 21:56

Next week, we're hosting a Spartan Space to explore the upcoming Andromeda Release in detail.

Join us for an in-depth look at Andromeda, including - Core V3, Perps V3, the introduction of USDC as collateral/margin, and our deployment on @BuildOnBase .

Next week, we're hosting a Spartan Space to explore the upcoming Andromeda Release in detail.

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