Synthetix

Synthetix is a decentralized perpetual futures protocol on Ethereum Mainnet that uses a hybrid off-chain order matching and on-chain settlement design to deliver CEX-like performance with on-chain security. It enables trading of synthetic assets and perpetual futures, with liquidity provided by staked SNX collateral and the Synthetix Liquidity Provider vault. The protocol powers permissionless derivatives across multiple EVM chains.