Synthetix protocol
Overview
Synthetix operates as a decentralized protocol for derivatives liquidity, deployed on both Ethereum and Optimism. Participants can generate synthetic assets, termed Synths, by locking SNX tokens as collateral. The system facilitates trading of synthetic representations of fiat currencies, commodities, cryptocurrencies, and indices, avoiding slippage associated with order books.
Within The Counterparty graph, Synthetix connects to 21 tracked entities, most strongly to Optimism, sUSD, Top memecoin holders expected to attend Trump luncheon.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Optimism | 95% |
issued_by | sUSD | 95% |
mentions | Top memecoin holders expected to attend Trump luncheon | 95% |
issued_by | SNX | 95% |
governs | Synthetix DAO | 95% |
founded | Kain Warwick | 95% |
deployed_on | Arbitrum | 90% |
deployed_on | Base | 90% |
integrates | Pyth Network | 90% |
provides_price_feed_for | Chainlink | 90% |
Questions on the record
What can you trade on Synthetix?
Ethereum mainnet supports perpetual futures trades. Order types available are market, limit, stop-loss and take-profit.
How is margin handled?
Margin operates via a cross-margin account. Collateral is posted to that account and shared across all positions. Each market sets its own leverage limits and open interest caps.
Can developers integrate with Synthetix?
Yes. The protocol documents REST and WebSocket APIs, including authentication and a full endpoint reference.