sBTC (SBTC)

sBTC, with ticker SBTC, is a synthetic asset offered by Synthetix, a decentralized derivatives liquidity protocol. Synthetix enables the creation of synthetic assets that expose real-world assets on the blockchain. With SBTC, users can capture the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities, and more with zero slippage.

Staking and earning are integral features of sBTC. Users can stake their assets and earn rewards while participating in the Synthetix ecosystem. The innovative liquidity framework utilized by Synthetix ensures traders receive some of the best price execution with minimal slippage and unique fills, setting it apart from other platforms in the market.

The Synthetix protocol powers various platforms that expand the functionalities of synthetic assets. These include Kwenta, which offers trading with up to 10x leverage and simulated liquidity, Lyra, the first completely decentralized options protocol, and Thales, a Parimutuel Markets protocol for trading on price action, sports, and other events. Many platforms already leverage the deep liquidity and composability of Synthetix, providing better trades with lower slippage, hedging, and other unique use cases.