Welcome to our deep dive into DeFi with our report on Synthetix, a decentralized synthetic token issuance and trading platform.

Key Takeaways

Synthetix is a platform that allows trustless, on-chain issuance and trading of synthetic assets called Synths, which currently include synthetic cryptocurrencies and commodities;
SNX stakers earn fees and inflationary rewards in exchange for providing the essential function of maintaining sufficient levels of collateral to absorb Synth price fluctuations;
The protocol’s debt pool mechanism can be difficult for new users to understand, which could lead to unintended risks and losses;
Synthetix Exchange gives users unlimited liquidity and no slippage on trades up to the value of SNX collateral in its systems;
The SNX token’s inflation scheme is well-designed to give active participants a decent incentive to help the system grow;
Although our view of the protocol is positive in general, there are significant risk factors at play, namely price oracle risk, insolvency risk, and extreme SNX volatility

Read the full PDF version of the Synthetix Report here.

10 Aug 2021|RESEARCH

Synthetix

Welcome to our deep dive into DeFi with our report on Synthetix, a decentralized synthetic token issuance and trading platform.

Partager avec des amis

Wall Street On-Chain – Partie 2 : Tokenisation des actifs du monde réel (RWA)

Prêt à commencer votre aventure crypto ?

Obtenez votre guide étape par étape pour ouvrirun compte sur Crypto.com

En cliquant sur le bouton Soumettre, vous reconnaissez avoir lu l'Avis de confidentialité de Crypto.com où nous expliquons comment nous utilisons et protégeons vos données personnelles.

Télécharger l'application

Key Takeaways

Synthetix

Partager avec des amis

Articles connexes

Wall Street On-Chain Part 3 : Trading & Liquidité

L’essor des trésoreries en cryptomonnaies

Wall Street On-Chain – Partie 2 : Tokenisation des actifs du monde réel (RWA)

Prêt à commencer votre aventure crypto ?