Efficient Frontier
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Efficient Frontier

The ultimate guide to decentralized derivatives part 2: Synthetix

We’re proud to share one of the clearest guides to Ethereum’s largest synthetic tokens project to date — Synthetix, as we continue to cover in detail the growing on-chain derivatives landscape

Synthetix on-chain volume per-month. Source: DEX metrics DuneAnalytics


The Synthetix exchange

How popular is Synthetix?

Source:DEX metrics, DuneAnaylitics
SushiSwap on-chain volume VS Synthetix

How Synthetix works

sUSD VS USD. Source:CoinGecko
$SNX historical price denominated in USD. Source:CoinGecko
Screenshot of a empty Synthetix stakers Mintr dashboard

Detailed of $SNX to sUSD collateralization requirements (“c-ratios”) and their incentives:

Monetary policy and tokenomics

Amount of different Synths backed by Synthetix according to stats.synthetix.io. Screenshot March 1st 2021

Future plans

Points of failure quiz




With over 12 years of high frequency and algorithmic trading experience, our technology powers weekly over $1 Billion of trade. We’re passionate about digital assets and our mission is to bring professional, trusted technology that adds value to the industry and the markets.

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