Synthetix
Synthetix is a decentralized protocol for trading synthetic assets—called Synths—that track the price of real-world assets like crypto, fiat, commodities, and indices. Users can mint and trade these derivatives via platforms like Kwenta and Polynomial. It enables exposure to a wide range of assets without actually holding them. Synthetix is one of the foundational projects in the DeFi derivatives space.
| Synthetix | |
|---|---|
| Supported Derivatives | Synthetic Assets, Futures |
| Leverage | Up to 10x |
| Supported Blockchains | Ethereum, Optimism |
| Trading Fees | 0.30% |
| Decentralization Type | Synthetic AMM |
| Security Features | Audited contracts, DAO governance |
| Liquidity Level | Medium-High |
| Minimum Trade Size | $1 equivalent |
| Insurance/Risk Management | Debt pool mechanism, liquidation protection |
| Unique Features | Wide asset availability, innovative model |
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