What is SynthetiX and how do I trade synths?

You can trade Synths — which range from cryptocurrencies, indexes, inverses, and real-world assets like gold — on Kwenta, Synthetix’s decentralized exchange (DEX). Synthetix’s native token, the Synthetix Network Token (SNX), is used to provide collateral against Synths that are issued.

What can I expect from SynthetiX customer service?

Customer service is always evolving – and your Synthetix instance will, too. As a Synthetix customer, you can expect regular account management, software updates with exciting new features, and support that’s only a few clicks away.

What are SynthetiX’s synthetic cryptocurrency indexes?

Synthetix also offers two synthetic cryptocurrency indexes: sDEFI, which tracks a basket of DeFi assets, and sCEX, which tracks a basket of centralized exchange tokens. Both asset baskets were selected through community governance.

What is the collateralization ratio on SynthetiX?

On Synthetix, all Synths created by staking SNX tokens are backed by a 600% collateralization ratio, which is determined through community governance. Stakers must manually manage their ratio on Mintr by minting sUSD if it is too high, and burning sUSD if it is too low.