SynthetixSNX
Overview
What is Synthetix?
Synthetix is a non-custodial derivatives exchange protocol built on Ethereum. Synthetix was founded by Kain Warwick and launched in 2017.
How does Synthetix work?
Overcollateralized borrowers deposit funds into Synthetix and mint synthetic assets.
Who governs Synthetix?
SNX tokenholders own and govern the protocol. They currently take all of the total trading fees paid by traders (revenue). Synthetix's investors include Paradigm, Framework Ventures, Coinbase Ventures, etc.
The values in this graphic are examples and do not reflect actual values. Treat them as approximations.