Synthetix company info

What does Synthetix do?
Synthetix (CRYPTO:SNX) is a decentralized liquidity protocol that allows users to create and trade synthetic assets, also known as synths. Synths are digital assets that track the price of real-world assets, such as stocks, commodities, and currencies, without the need to actually own those assets. Synthetix is powered by the SNX token, which is used to collateralize synths and to participate in the governance of the protocol. Synthetix's operations are focused on developing and maintaining the Synthetix protocol and on promoting the adoption of synths. Synthetix's projects include developing a new decentralized exchange, a new synthetic asset marketplace, and a new set of tools for developers. Synthetix's objectives are to create a decentralized liquidity ecosystem for synthetic assets and to make it easy for anyone to create and trade synths.
Synthetix company media
Company Snapshot

How many people does Synthetix employ?

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Employees
11-50

What is the market cap for Synthetix?

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Market Cap
$953.53M

Where is the head office for Synthetix?

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Head Office
New South Wales, Australia

What year was Synthetix founded?

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Year Founded
2017
What does Synthetix specialise in?
/Alameda Research Portfolio /BNB Chain /Coinbase Ventures Portfolio /DAO /Decentralized Exchange (DEX) Token /DeFi /DeFiance Capital Portfolio /Derivatives /DWF Labs Portfolio /Fantom Ecosystem /Framework Ventures Portfolio /Governance /Optimism Ecosystem /Paradigm Portfolio /ParaFi Capital /Real World Assets /Services /Spartan Group /Synthetics /Three Arrows Capital Portfolio /Yield Farming

What are the products and/or services of Synthetix?

Overview of Synthetix offerings
Decentralized governance: Synthetix is governed by its community, and SNX token holders can participate in governance votes to decide on the future of the protocol.
Developer tools: Synthetix provides developers with a variety of tools to build applications on the Synthetix protocol.
Synthetic asset collateralization: Synthetix users can collateralize synths with SNX tokens to earn yield.
Synthetic asset creation: Synthetix allows users to create synthetic assets, or synths, that track the price of real-world assets, such as stocks, commodities, and currencies, without the need to actually own those assets.
Synthetic asset liquidity: Synthetix provides liquidity for synths by allowing users to stake SNX tokens.
Synthetic asset trading: Synthetix provides a decentralized exchange where users can trade synths.