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features
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support

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Description

Synthetix is a protocol for the issuance of decentralized synthetic assets operating on the Ethereum blockchain. These synthetic assets, known as Synths, are backed by the Synthetix Network Token (SNX), which, when locked within the contract, allows for the creation of these assets. The model of pooled collateral permits users to exchange Synths directly through the smart contract, eliminating the necessity for counterparties. This innovative approach addresses common problems such as liquidity and slippage that decentralized exchanges often face. Currently, Synthetix provides synthetic representations of fiat currencies, cryptocurrencies (both long and short), as well as various commodities. SNX holders are motivated to stake their tokens, as they earn a proportional share of the fees accrued from transactions on Synthetix.Exchange, reflecting their stake in the ecosystem. This right to engage with the network and earn fees from Synth transactions contributes to the intrinsic value of the SNX token. Notably, traders do not need to hold SNX in order to participate in trading on Synthetix.Exchange, enhancing accessibility for a broader audience. By doing so, Synthetix opens the door for more users to engage in trading without needing to invest in the underlying token initially.

Description

The design of Tsunami prioritizes accessibility and comprehension for traders at all experience levels. The TSN token enables genuine decentralization, empowering holders to participate in profit sharing and influence key decisions within the platform. Futures are categorized as derivatives since they do not represent the actual asset but rather track its price. In traditional futures trading, each contract has a set expiry date, causing its price to gradually align with that of the underlying asset as this date approaches. Conversely, perpetual futures eliminate the expiry date, providing convenience for those wishing to maintain their position without worrying about time constraints. These contracts facilitate speculation on the price changes of an underlying asset without requiring ownership, allowing traders to either buy (go long) or sell (go short) the contracts based on their market forecasts. Overall, the structure of Tsunami and its associated trading mechanisms offer a streamlined experience for users seeking to navigate the complexities of the market.

API Access

Has API Yes 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

1inch Yes 
1inch Wallet Yes 
Armor.Fi Yes 
Blocknative Yes 
CoinLedger Yes 
Crypto APIs Yes 
Enzyme Yes 
Keeper Wallet No 
Kriptomat Yes 
Ledger Nano X Yes 
MetaMask No 
PieDAO Yes 
Token Terminal Yes 
Tradesilvania Yes 
Ubeswap Yes 
Waves No 
YouHodler Yes 
vfat.tools Yes 

Integrations

1inch No 
1inch Wallet No 
Armor.Fi No 
Blocknative No 
CoinLedger No 
Crypto APIs No 
Enzyme No 
Keeper Wallet Yes 
Kriptomat No 
Ledger Nano X No 
MetaMask Yes 
PieDAO No 
Token Terminal No 
Tradesilvania No 
Ubeswap No 
Waves Yes 
YouHodler No 
vfat.tools No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Synthetix

Founded

2017

Country

Australia

Website

synthetix.io

Vendor Details

Company Name

Tsunami Exchange

Website

tsunami.exchange/

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