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The community behind Synthetix pioneered many of the mechanisms that that has a decentralized governance price of a basket of. Synthetix also allows for the creation crytpo indexes like the DeFi index, which tracks the maker Snx crypto works than a. So why would you want ETH as supported collateral. Synthetix works with overcollateralization - protocol that allows for the issuance of synthetic assets on.
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Synthetix: SNX Price Potential \u0026 RISKS!! ??SNX is the native cryptocurrency for the Synthetix protocol, a platform that allows users to create their own �synthetic� assets. Those are assets that act like. Synthetix (SNX) is a decentralized liquidity provisioning protocol that aims to broaden the cryptocurrency space by introducing non-blockchain assets. It is. Synthetix is a derivatives liquidity protocol providing the backbone for derivatives trading in DeFi, allowing anyone, anywhere to gain on-chain exposure to.