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Synthetix

Entity Type
Corporation
Links
Website Twitter LinkedIn
Industry
Software
Location
Sydney
Founding Date
2017

Synthetix is a decentralized synthetic asset issuance protocol that serves as the backbone for derivatives trading in DeFi. These synthetic assets are collateralized by the Synthetix Network Token (SNX) which when locked in the contract enables the issuance of synthetic assets (Synths). Synthetix currently supports synthetic fiat currencies, cryptocurrencies, and commodities.

Kain Warwick

2016 - present

  • Since its launch, Synthetix has processed over $1 billion in transaction volume.
  • Total Value Locked in Synthetix: $858,888,893 (as of December 2020)

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