Synthetix
ProjectDecentralized synthetic asset platform
About
Synthetix is a decentralized perpetual futures protocol built on Ethereum Mainnet. Synthetix uses a hybrid design — off-chain order matching on a high-performance CLOB with on-chain settlement — to deliver low latency, deep liquidity, and MEV-resistant execution while keeping custody and finality on Ethereum. Traders get CEX-like performance with on-chain security and composability. The protocol’s liquidity is provided by the Synthetix Liquidity Provider (SLP) vault and backstopped by staked SNX collateral, which underwrites the issuance of the sUSD stablecoin and the solvency of the SLP vault.
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History
Funding Round
$20.00M
$20.00M · Paradigm, IOSG Ventures, Coinbase Ventures
Founded
Recent News
synthetix is @ethereum's perp dex
Synthetix: Has launched perpetual contract DEX on Ethereum mainnet, and will introduce incentive program in Q1 next year
FTX, Synthetix, PAX Gold Heat Up Despite Crypto Sell-Off
SNX Surges Over 80% to 10-Month High — Can Synthetix’s Perp DEX Launch Fuel More?
Synthetix will launch Perp DEX on the Ethereum mainnet
Synthetix Prepares for Perpetuals DEX Launch on Ethereum Mainnet with $1M Trading Competition
Team
Funding
KOL Sentiment
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