What is Synthetix?
Orginially founded by Kain Warwick in 2017, Synthetix is an innovative platform that gives DeFi users exposure to traditional assets like Gold and Silver on-chain. Synthetix uses oracles to regulate the price of synthetic assets with their ‘real-world’ counterparts, allowing crypto users to leverage traditional assets with blockchain technology and functions. Synthetics has since expanded to the Optimism L2 network, and boasts over 50% of all recorded Synthetic asset TVL.
Web3 dapps and developer tools related to Synthetix
Discover blockchain applications that are frequently used with Synthetix.
Resources and Guides about Decentralized Synthetics
Synthetix Alternatives
Explore web3 competitors and apps like Synthetix.
CVI FinanceDecentralized Synthetics
CVI Finance is a synthetic asset protocol that helps traders hedge against market volatility.
AlchemixDecentralized Synthetics
Alchemix allows users to take out self-paying loans after depositing cryptocurrency as collateral.
UniDexDecentralized Exchanges (DEXs)
UniDex is a decentralized meta-aggregator for swaps & a perpetual exchange platform.
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