Synthetix ($SNX) will be listed on Biconomy with SNX/USDT pair on 9th August 2024 at 9:00 PM.
Synthetix is developing a decentralized liquidity provisioning protocol that any protocol can utilize for a variety of purposes. Its high liquidity and cheap costs serve as the foundation for a variety of innovative protocols on both Optimism and Ethereum blockchain. Many user-facing Advanced protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), employ Synthetix liquidity to fuel their operations. Synthetix is based on Optimism and Ethereum's mainnet. The Synthetix Network is backed by SNX, ETH, and LUSD, allowing for the creation of synthetic assets (Synths). Synths track and offer returns on the underlying asset without the need to directly hold it.
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