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Synthetix allows crypto traders to interact with real-world assets such as stocks and commodities in a decentralized environment.
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Synthetic assets on the platform are called Synths and are minted by staking SNX tokens.
Synthetix is a protocol running on the Ethereum blockchain that allows users to mint and trade synthetic assets on Ethereum and Optimism blockchain. Synthetic assets derive value from an underlying asset. They allow traders to take advantage of the price action of the underlying asset without actually holding them. The synthetic assets on Synthetix are called Synths. If a trader mints ALGO as a synthetic …
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