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

sUSD

Adam Cochran (adamscochran.eth)

RT @adamscochran: This is SNX V3 in a nutshell.

The goal is to be infrastructure for DeFi. It will start slow and for advanced users at fi…

This is SNX V3 in a nutshell.

The goal is to be infrastructure for DeFi. It will start slow and for advanced users at first, but the goal is to make launching a custom DeFi protocol as easy as installing a WordPress theme.

Simple, composable, DeFi logic, backed by Synthetix. https://t.co/o2XLresQly

themerge.eth 🦇🔊

@0x_____________ No.

It’s the WordPress of all of DeFi.

With V3 you’ll be able to make any type of collateral backed asset market on top of Synthetix as easily as deploying an ERC-20.

With future templates that means perps, lending markets, AMMs - if you can dream it, you can build it!

RT @adamscochran: This is SNX V3 in a nutshell. The goal is to be infrastructure for DeFi.