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What is Synthetix?

Synthetix (SNX) is a decentralized finance (DeFi) protocol that is enabling the creation of synthetic assets (synths), offering unique derivatives and exposure to real-world assets on the blockchain. Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. You can safely and reliably buy, sell, ship and store SNX on LiteBit.

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What is Synthetix, and how does it work?

Oct 18, 2022

Synthetix is a DeFi application that could possibly contribute to a lot of use-cases that are not typical for this sector and in this article, we are going to explore its features.

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