What is Synthetix? A 3-minute guide to the trading platform - 0 views
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John Kiff on 29 Apr 20Synthetix is a token trading platform built on Ethereum. It allows to creation of real world assets, like stocks and shares to be bought and traded using crypto. Synthetix started as a stablecoin project called Havvenout, before pivoting to DeFi. Much of Synthetix' recent success can be attributed to its innovative token incentive model. SNX holders stake SNX in return for fees from the Synthetix exchange and rewards from the system's inflationary monetary policy.