The below Synthetix price chart tracks the price of Synthetix against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.
✓Decentralised finance (DeFi)
✓Stocks, currencies and commodities
✓ERC-20 instant conversions
Synthetix seeks to tap into the monolithic liquidity pool that is the Derivatives market. The project/platform enables individuals to create synthetic assets (“Synths”) to replicate and track the prices of real world assets in a unique blockchain solution harnessing the next generation of derivatives trading.
The protocol which is established on the Ethereum network, collateralizes these Synths through the native token SNX. Users can then convert between synths and smart contracts without having the need to deal with a central body, enabling individuals to effectively trade decentralised assets.
Don't have an account? Click here to get started