What’s Synthetix? Pioneering Synthetic Assets in DeFi

What’s Synthetix? Pioneering Synthetic Assets in DeFi

What is Synthetix? Synthetix is a DeFi protocol that allows for the creation of synthetic assets that track and provide returns for another asset without requiring ownership of it. In simpler terms, it allows users to gain exposure to real-world assets such as gold, silver, and fiat currencies, as well as cryptocurrencies, without actually owning…