sXAU (SXAU)

sXAU, with ticker SXAU, is a decentralized financial primitive that enables the creation of synthetic assets on the blockchain. It offers unique derivatives and exposure to real-world assets. Leveraging the Synthetix debt pool and an innovative liquidity framework, sXAU provides traders with the best price execution, minimal slippage, and fills that are not available elsewhere. SXAU is a permissionless and composable platform with low downtime and liquidation risk.

Synthetic assets, known as Synths, are assets that are voted into existence by the community and can represent a range of assets such as cryptocurrencies, fiat currencies, stocks, and commodities. sXAU allows users to capture the price movements of popular cryptocurrencies, fiat currencies, stocks, and more with zero slippage. Additionally, the platform offers staking and earning opportunities for users to trade Synths and earn rewards. sXAU is powered by the Synthetix protocol and is built on top of it.

The Synthetix ecosystem provides a variety of platforms that leverage the deep liquidity and composability of Synthetix. These platforms deliver better trades with lower slippage, hedging opportunities, and other unique use cases. Some of the platforms in this ecosystem include Kwenta, which offers trade with up to 10x leverage and simulated liquidity for optimal price fills, Lyra, the first completely decentralized options protocol, and Thales, a Parimutuel Markets protocol for trading on price action, sports, and other events.