What is Synthetix?
Orginially founded by Kain Warwick in 2017, Synthetix is an innovative platform that gives DeFi users exposure to traditional assets like Gold and Silver on-chain. Synthetix uses oracles to regulate the price of synthetic assets with their ‘real-world’ counterparts, allowing crypto users to leverage traditional assets with blockchain technology and functions. Synthetics has since expanded to the Optimism L2 network, and boasts over 50% of all recorded Synthetic asset TVL.
Web3 dapps and developer tools related to Synthetix
Discover blockchain applications that are frequently used with Synthetix.
Resources and Guides about Decentralized Synthetics
Synthetix Alternatives
Explore web3 competitors and apps like Synthetix.
SynthetifyDecentralized Synthetics
Synthetify is a Solana-based platform that issues synthetic assets on-chain.
AlchemixDecentralized Synthetics
Alchemix allows users to take out self-paying loans after depositing cryptocurrency as collateral.
ParclDecentralized Indexes
Parcl enables you to invest in the price movements of the housing market around the world.
