|Total Value Locked||24H|
|in ETH||578.5K ETH||+2.0%|
|in BTC||37.3K BTC||+1.9%|
|ETH Locked||175K ETH||0 ETH|
|% Supply Locked||0.15%|
iosiro - November 2020iosiro - October 2020iosiro - September 2020iosiro - August 2020Sigma Prime - July 2020iosiro - June 2020iosiro - June 2020iosiro - March 2020Sigma Prime - March 2020iosiro - February 2020iosiro - February 2020Sigma Prime - February 2020iosiro - August 2019iosiro - February 2019iosiro - January 2019Sigma Prime - June 2018Cryptecon - June 2018Sigma Prime - June 2018Sigma Prime - April 2018
Synthetix is a decentralized platform on Ethereum for the creation of Synths: on-chain synthetic assets that track the value of real-world assets. Born as stablecoin project Havven, Synthetix rebranded and expanded its scope prior to launching on mainnet in February 2019. As of March 2020, the Synthetix platform supports over 30 Synths representing fiat currencies, commodities (e.g., gold), and cryptoassets. Stocks, indices, and other derivatives are planned. Synthetix has a native token called SNX. Holders can lock in collateral such as SNX and ETH to mint Synths, which are freely tradeable ERC20 tokens. Transaction fees from Synths exchanged on Synthetix’s non-custodial DEX (Synthetix.Exchange) go to SNX holders/Synth minters, incentivizing Synth creation and giving value to the underlying collateral (i.e., the SNX token).
The best place to interact with the Synthetix Network is Mintr, where you can mint and burn Synths, collect fees, and more.