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What is Synthetix?

Written by Nodar
Updated 11 months ago

Synthetix is a decentralized synthetic asset exchange and issuance protocol built on Ethereum. 

Synthetix Network (SNX) token holders lock up collateral in the platform to issue a wide array of synthetic assets, known as Synths.

The platform currently has forex currencies, cryptocurrencies, commodities and indices. 

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