Synthetix and SNX Token EXPLAINED! How To Use Synthetix

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Altcoin Buzz

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Published on May 29, 2021 6:30:31 PM ● Video Link: https://www.youtube.com/watch?v=_F8V-I4rXzM

Category:

Guide

Duration: 16:39

7,378 views

656

Synthetix is a decentralized synthetic asset issuance protocol that allows anyone to hold synthetic stocks, commodities, and a variety of cryptocurrencies directly in an Ethereum wallet. These synthetic assets experience price movement that is tightly correlated to the “real” version of the assets but is easier to store and easier to trade than the underlying assets.

Timestamps:
00:00 Introduction
01:40 Assets Supported
04:00 Real vs Synthetic Assets
06:10 Purchasing Synthetic Assets
10:07 Inverse Synths
11:36 SNX Native Token
13:01 Stake SNX


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References
https://www.coingecko.com/en/coins/synthetix-network-token

https://uniswap.org/

https://www.synthetix.io/

https://kwenta.io/dashboard