Synthetix

synthetix.io

Synthetix provides liquidity for permissionless derivatives like perpetual futures, options, and parimutuel markets across EVM chains. It powers a growing ecosystem of decentralized applications built on its liquidity, including derivatives exchanges and utility tokens. The protocol is governed by a decentralized council elected by stakers, ensuring community involvement in its development and maintenance. Synthetix's staking mechanism allows users to deposit collateral, supporting deep liquidity and competitive trading fees, while earning incentives and fees for their contributions.