Synthetix is a new flavor of decentralized exchange. There are three key differences relative to most other DEXes: 1.Traders trade against pooled community collateral and not any specific counterparty 2.Traders buy and sell synthetic assets, marked to market by offchain oracles 3.Traders have native access to derivatives and investable baskets The SNX token acts as a foundation and backbone for this model. Before traders can participate, SNX investors stake their tokens to mint liquidity for the network. When traders execute a transaction, they pay a fee to trade against the stakers. A trader's profit adds to the global debt pool and a trader's loss subtracts from it.
Risk reminder:Digital asset transactions have extremely high risks and are not suitable for most people. You understand and understand that this investment may cause partial or total loss, so you should decide the amount of investment based on the degree of loss you can bear. You understand and understand that digital assets will generate derivative risks, so if you have any questions, it is recommended to seek the assistance of a financial advisor first. In addition, in addition to the risks mentioned above, there will also be unpredictable risks. You should carefully consider and use clear judgment to evaluate your financial situation and the above risks before making any decision to buy or sell digital assets and bear all the losses arising therefrom. We are not responsible for this.