Synth sOIL (SOIL)

Synth sOIL (SOIL) is a synthetic asset offered by Synthetix, a financial primitive that enables the creation of synthetic assets and exposure to real-world assets on the blockchain. Synth sOIL is part of a diverse range of synthetic assets, including cryptocurrencies, fiat currencies, stocks, commodities, and more. These synthetic assets are voted into existence by the community and offer traders the ability to capture price movements with zero slippage. With the innovative liquidity framework of Synthetix, traders can enjoy some of the best price execution in the market with little to no slippage and fillings that are hard to find elsewhere.

The Synthetix protocol powers various platforms built on top of it, including decentralized perpetual futures, options markets, deal coordination markets, and more. Some of the platforms that make use of Synthetix’s deep liquidity and composability include Kwenta, which offers trading with up to 10x leverage and simulated liquidity for the best price fills, Lyra, the first completely decentralized options protocol; and Thales, a Parimutuel Markets protocol for trading on price action, sports, and other events. The ecosystem of Synthetix continues to grow, providing traders with a wide range of opportunities and unique use cases in the decentralized finance space.

As of now, Synth sOIL has a total value of $396,430,870, demonstrating the confidence and interest of the community in this synthetic asset. With its permissionless and composable nature, Synth sOIL offers traders the ability to participate in the price movements of popular cryptocurrencies, fiat currencies, stocks, commodities, and more without any slippage. By staking and trading Synth sOIL, users can earn rewards within the Synthetix protocol and actively contribute to the growing ecosystem powered by Synthetix.