synthetix defi Archives - Top Crypto Game https://topcryptogame.com/tag/synthetix-defi/ The latest crypto news! Wed, 23 Mar 2022 17:10:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://topcryptogame.com/wp-content/uploads/2022/01/cropped-favicon-32x32.png synthetix defi Archives - Top Crypto Game https://topcryptogame.com/tag/synthetix-defi/ 32 32 Synthetix and SNX Token EXPLAINED! How To Use Synthetix https://topcryptogame.com/synthetix-and-snx-token-explained-how-to-use-synthetix/ https://topcryptogame.com/synthetix-and-snx-token-explained-how-to-use-synthetix/#respond Wed, 23 Mar 2022 17:10:36 +0000 https://topcryptogame.com/synthetix-and-snx-token-explained-how-to-use-synthetix/ 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 โ€œrealโ€ version of the assets but is easier to store and easier to trade than the underlying […]

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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 โ€œrealโ€ 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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