Overcollateralized borrowers deposit funds into Synthetix and mint synthetic assets.

Synthetix is a non-custodial derivatives exchange protocol built on Ethereum. Synthetix was founded by Kain Warwick and launched in 2017.

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.

governance

github

twitter

discord

etherscan

website

Derivatives

Synthetix

Key metrics

Revenue share

Composition by contract

Composition by chain

Competitive landscape

Financial statement

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Synthetix - Competitive landscape

Daily market cap (fully diluted) for Synthetix in the past 180 days.