June 12, 2019, 12:38PM EDT
• 12 min read

Synthetix: Synthetic asset issuance protocol

Quick Take

  • Synthetix is a multi-tier issuance platform, collateral type, and exchange, permitting any user with an Internet connection to mint synthetic assets ranging from cryptocurrencies to fiat currencies to derivatives
  • Despite its increasing popularity and seamless user experience, the mechanisms used to guarantee the value of minted synthetic products are largely deficient, exposing holders to significant risk and limiting the platform’s potential future growth

Join The Block Research for exclusive research like this

Gain access to this research piece and 100s of others, including ecosystem maps, company profiles, and topics spanning DeFi, CBDCs, banking and markets. Together with additional services, we help organizations understand what’s happening in the rapidly developing digital asset ecosystem.

Already a Research Member? Login Here