Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Ratings and Reviews 0 Ratings

Total
ease
features
design
support

This software has no reviews. Be the first to write a review.

Write a Review

Alternatives to Consider

  • Nexo Reviews & Ratings
    15,878 Ratings
    Company Website
  • Zengo Wallet Reviews & Ratings
    413 Ratings
    Company Website
  • YouHodler Reviews & Ratings
    27 Ratings
  • Blockdaemon Reviews & Ratings
    2 Ratings
    Company Website
  • Figure Markets Reviews & Ratings
    89 Ratings
    Company Website
  • Uptrends Reviews & Ratings
    125 Ratings
    Company Website
  • Site24x7 Reviews & Ratings
    717 Ratings
    Company Website
  • OANDA Reviews & Ratings
    52,211 Ratings
    Company Website
  • Anvyl Reviews & Ratings
    69 Ratings
    Company Website
  • ManageEngine Log360 Reviews & Ratings
    74 Ratings
    Company Website

What is Synthetix?

Synthetix is a decentralized protocol for creating synthetic assets that operates on the Ethereum blockchain. These synthetic assets, referred to as Synths, are supported by the Synthetix Network Token (SNX), which enables their creation when locked in the smart contract. The system’s pooled collateral model allows users to trade Synths directly via the smart contract, removing the need for intermediaries. This forward-thinking strategy effectively tackles typical issues like liquidity and slippage that many decentralized exchanges encounter. At present, Synthetix offers synthetic versions of various fiat currencies, cryptocurrencies (both long and short), and a range of commodities. SNX holders are incentivized to stake their tokens as they receive a share of the transaction fees generated on Synthetix.Exchange, which reflects their investment in the network's ecosystem. This ability to participate in the network and earn revenue from Synth transactions enhances the inherent value of the SNX token. Importantly, traders are not required to own SNX to trade on Synthetix.Exchange, which increases accessibility for a wider range of participants. This inclusive model encourages more individuals to participate in trading activities without needing to make an initial investment in the SNX token. Consequently, Synthetix fosters a more diverse trading environment, ultimately benefiting the entire ecosystem.

What is Indexed Finance?

Indexed Finance is a pioneering initiative focused on developing passive portfolio management strategies specifically designed for the Ethereum blockchain environment. Governance of this project is entrusted to NDX token holders, who possess the right to vote on various proposals concerning protocol improvements and overall index management, which encompasses the definition of market sectors and the creation of new management strategies. Their first offering includes capitalization-weighted index pools that aim to replicate the performance of index funds, which have historically shown to provide more consistent and superior returns compared to actively managed investments in the stock market. By introducing index pools, Indexed Finance simplifies the process of asset management on Ethereum, paralleling the role of index funds in traditional finance; these pools serve as a comprehensive asset representing a well-diversified portfolio aligned with specific market sectors. Each index pool is linked to an ERC20 index token, such as DEFI5 or CC10, which individuals can mint by contributing the assets that the pool holds. This inventive strategy not only increases accessibility for investors but also fosters a more efficient market ecosystem within the Ethereum network. Ultimately, Indexed Finance aims to democratize investment opportunities, making it easier for individuals to participate in the burgeoning crypto economy.

Media

Media

Integrations Supported

1inch
1inch Wallet
Blocknative
CoinLedger
DeepDAO
Enzyme
Ethereum
Fortmatic
Kriptomat
Ledger Nano X
MetaMask
PieDAO
Token Terminal
Tradesilvania
Ubeswap
WalletConnect
YouHodler
vfat.tools

Integrations Supported

1inch
1inch Wallet
Blocknative
CoinLedger
DeepDAO
Enzyme
Ethereum
Fortmatic
Kriptomat
Ledger Nano X
MetaMask
PieDAO
Token Terminal
Tradesilvania
Ubeswap
WalletConnect
YouHodler
vfat.tools

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Synthetix

Date Founded

2017

Company Location

Australia

Company Website

synthetix.io

Company Facts

Organization Name

Indexed Finance

Company Website

indexed.finance/

Popular Alternatives

Popular Alternatives

Injective Reviews & Ratings

Injective

Injective Labs
Cream Reviews & Ratings

Cream

C.R.E.A.M. Finance