sGOOG (SGOOG)

sGOOG (SGOOG) is a new financial primitive that enables the creation of synthetic assets on the blockchain. It offers unique derivatives and exposure to real-world assets, allowing users to capture the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities, and more with zero slippage. These synthetic assets, also known as Synths, are voted into existence by the community and can come in various forms. With the lowest downtime and liquidation risk, sGOOG ensures decentralized and permissionless trading.

By leveraging the Synthetix debt pool and an innovative liquidity framework, sGOOG traders are guaranteed some of the best price execution with little to no slippage. The platform’s traders also enjoy fills that are not available elsewhere. Various platforms, such as Kwenta, Lyra, and Thales, have been built on top of the Synthetix protocol, offering decentralized perpetual futures, options markets, and parimutuel markets for trading on price action, sports, and other events. Many platforms already utilize the deep liquidity and composability of Synthetix to provide better trades with lower slippage, hedging, and other unique use cases.

With a total value of $408,889,586, sGOOG is a decentralized and composable DeFi protocol that empowers users to stake and earn, trade Synths, and build on the Synthetix platform. Whether users are looking for exposure to cryptocurrencies, fiat currencies, stocks, or commodities, sGOOG offers a secure and seamless way to capture the price movements of these assets on the blockchain.