Synthetix Network
SNX
| Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
| -- | $20M | -- | Mar 20, 2023 | |
| -- | $12M | -- | Feb 14, 2021 | |
| ICO | $30M | -- | Mar 01, 2018 |
| Project | Funding Status | Region | Categories | Ecosystem | Founded | Token Issuance |
|---|---|---|---|---|---|---|
 Thales | Strategic | DeFi Derivatives Options | Ethereum Optimism Polygon opBNB trọng tài | Jan 01, 2021 | With Token | |
 dHedge | Financing after Listed | Australia | Asset Management DeFi Onchain Fund | Ethereum Optimism Polygon | Jan 01, 2020 | With Token |
 Perion | IDO | DAO | Jan 01, 2021 | With Token | ||
 Infinex | DeFi Derivatives Perp | Base | Jan 01, 2023 | No Token |
Synthetix (SNX) is a leading decentralized finance (DeFi) protocol that facilitates the creation and trading of synthetic assets, which are tokenized versions of real-world assets like cryptocurrencies, commodities, and equities. By locking SNX as collateral, users can mint these synthetic assets, known as “synths,” and trade them on Synthetix’s decentralized exchange, bypassing the need for traditional intermediaries.
In addition to serving as collateral, SNX plays a pivotal role in governance, enabling token holders to propose and vote on protocol upgrades and changes. The protocol was initially launched as Havven but underwent a rebranding to Synthetix, expanding its focus to support a broader array of synthetic assets.
Synthetix's innovative collateralization mechanism ensures that synths track the value of their underlying assets, providing users with exposure to different asset classes within the DeFi space. However, as with any DeFi protocol, users should be aware of potential risks, including market volatility, smart contract vulnerabilities, and the evolving complexities of decentralized finance.
Above are only for introduction, not intended as investment advice.