Synthetix
synthetix.ioOnchain custody. Offchain performance. Perpetual futures that don't compromise.
Finance & Fintechdefiperpetual-futuresethereumonchaincrypto-tradingliquidity-protocolstaking
About
Synthetix is a decentralized protocol offering perpetual futures trading on Ethereum Mainnet, combining offchain order matching for speed with onchain custody for security. Users can trade with multicollateral margin using assets like ETH, wstETH, and cbBTC, while liquidity providers can earn returns by depositing sUSD into the Synthetix Liquidity Pool. The protocol also features a staking pool (the 420 Pool) where SNX holders earn rewards without active management or liquidation risk.
Problem
Traders are forced to choose between the security of onchain custody and the speed/performance of centralized exchanges for perpetual futures.
For
Crypto traders and DeFi liquidity providers seeking secure, high-performance perpetual futures trading
How it works
Synthetix uses a hybrid model where an offchain order book handles ultra-low latency order matching while deposited assets remain custodied onchain on Ethereum Mainnet.
Business model
unknown
Status
launched