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Synthetix
Synthetix
CRYPTO
Synthetix
Synthetix
CRYPTO
Project Description
#DERIVATIVES
The Synthetix platform enables the creation of on-chain synthetic assets (Synths) that track the value of assets in the real world. Some examples of assets that the platform supports are synthetic fiat currencies (sUSD, sAUD, sKRW, etc.), synthetic commodities such as gold (sXAU), as well as more complex assets such as equity indices.
This overview will explain how the system enables the creation of these assets as well as some of the considerations in its design.
Synthetic assets allow you to receive the benefit of holding an asset without actually holding it. Before going any further, many people would want to stop you here and ask why. Why would you want to hold a synthetic asset instead of just holding the asset itself?
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