sCEX (SCEX) 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 take various forms.
With sCEX, traders can benefit from the lowest downtime and liquidation risk, thanks to its permissionless and composable nature. Utilizing the Synthetix debt pool and an innovative liquidity framework, traders can expect some of the best price execution in the market with little to no slippage. The platform also provides fills that are not easily obtained elsewhere.
The sCEX ecosystem is powered by the Synthetix protocol and offers various platforms built on top of it. These platforms include Kwenta, which allows trading with up to 10x leverage and simulated liquidity for optimal price fills. Lyra is the first completely decentralized options protocol, while Thales is a Parimutuel Markets protocol for trading on price action, sports, and other events. Many other platforms leverage the deep liquidity and composability of Synthetix, providing enhanced trading experiences and unique use cases.