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Average Ratings 0 Ratings

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ease
features
design
support

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Write a Review

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

Experience an incredibly robust trading platform designed specifically for cryptocurrency assets. You can initiate short or leveraged trades with up to 10x leverage and engage in Margin and Perpetual trading. Additionally, you have the option to borrow any supported asset directly to your wallet and leverage your existing cryptocurrency holdings as collateral. By depositing funds, you can accrue interest over time, with variable interest rates that align with current market conditions. Effortlessly manage, view, and close your margin positions while keeping track of your portfolio's performance over time. Engage in trading without facing counterparty risk, ensuring that you maintain control of your funds at all times. The platform consolidates spot and lending liquidity from various exchanges, allowing for margin trading with up to 4x leverage, enabling you to back your positions with any collateral that is supported. There is no need for a sign-up process, so you can start trading instantly from anywhere around the globe. The entire system is powered by Ethereum Smart Contracts and has been meticulously built and audited by top experts in the field. With such features, it not only emphasizes security but also enhances user experience significantly.

API Access

Has API Yes 

API Access

Has API Yes 

Screenshots View All

Screenshots View All

Integrations

CoinLedger Yes 
Token Terminal Yes 
1inch Wallet Yes 
CoinRoutes No 
Cosmology No 
Crypto APIs Yes 
Enzyme Yes 
Exponential DeFi No 
Hummingbot No 
L2BEAT No 
LTP No 
Ledger Nano X Yes 
Sublime Traders No 
TradesViz No 
Tradesilvania Yes 
Tres Finance No 
WizzCrypto No 
YouHodler Yes 

Integrations

CoinLedger Yes 
Token Terminal Yes 
1inch Wallet No 
CoinRoutes Yes 
Cosmology Yes 
Crypto APIs No 
Enzyme No 
Exponential DeFi Yes 
Hummingbot Yes 
L2BEAT Yes 
LTP Yes 
Ledger Nano X No 
Sublime Traders Yes 
TradesViz Yes 
Tradesilvania No 
Tres Finance Yes 
WizzCrypto Yes 
YouHodler 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 Yes 
iPad App Yes 
Android App Yes 
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

dYdX

Founded

2017

Country

United States

Website

dydx.exchange/

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