sXTZ (SXTZ)

sXTZ is a decentralized financial primitive that allows users to create synthetic assets and gain exposure to real-world assets on the blockchain. It offers unique derivatives and enables the capturing of price movements of popular cryptocurrencies, fiat currencies, stocks, commodities, and more with zero slippage. Synths, assets created through community voting, can take the form of various assets with a price, including fiat currencies, cryptocurrencies, stocks, and commodities. Users can stake their assets, earn rewards, and trade Synths on platforms built on top of the Synthetix protocol.

SXTZ leverages the Synthetix debt pool and an innovative liquidity framework, providing traders with some of the best price execution available, with minimal slippage and fills that are not obtainable elsewhere. The protocol is permissionless and composable, offering accessibility and flexibility. The platform boasts low downtime and liquidation risk, ensuring a smooth trading experience and reducing potential losses. By joining the newsletter, users can stay up-to-date with the latest information and developments in the Synthetix ecosystem.

The Synthetix ecosystem includes various platforms that leverage the deep liquidity and composability of Synthetix to deliver better trades with lower slippage and enable unique use cases such as hedging. Some of these platforms include Kwenta, which allows trading with up to 10x leverage and simulated liquidity for optimal price fills, Lyra, the first fully decentralized options protocol, and Thales, a protocol for trading on price action, sports, and other events using parimutuel markets. With its wide range of applications and integrations, SXTZ provides users with a comprehensive suite of tools for trading and engaging in the synthetic assets market.