Coinmonks
Published in

Coinmonks

What is Synthetix? Everything you need to know about one of the leading DeFi protocols

Synthetix (SNX) is one of the leading platforms in decentralized finance (DeFi). Synthetix itself is primarily a decentralized exchange but also a platform for the issuance of synthetic assets. The latter makes the project something special.

The platform enables users to issue and trade synthetic assets. In other words, digital assets that represent other real assets such as shares, fiat currencies, commodities, or cryptocurrencies. It also has a staking mechanism that provides…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
TheLuWizz

TheLuWizz

Talk about crypto stuff, personal development, entrepreneurship, travel experiences, and things that inspire me! No financial advice!