NEW: Download The 2023 Annual Report on Crypto Philanthropy Download the report
Synthetix SNX Logo | The Giving Block
What is Synthetix (SNX)?
Discover the key facts about Synthetix (SNX).

About Synthetix

Synthetix is a decentralized trading ecosystem. It is built on the Ethereum blockchain as an asset issuance protocol, where users can create “synthetic” versions of stocks, crypto, or other financial instruments through smart contracts. There is an exchange as well as a decentralized application (dApp) to facilitate trading of the instruments issued on Synthetix.

In order to participate in the Synthetix network, a user must stake their native token, SNX. SNX is ERC20 compliant.

RESOURCES-What is Blockchain–why should you care | The Giving Block What is Blockchain: Why You Should Care A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. Read more
Learn Crypto | The Giving Block Learn About Cryptocurrency New to cryptocurrency? Get immersed in all things crypto and crypto philanthropy. Learn about accepting crypto donations and crypto taxes. Read more
Crypto Glossary | The Giving Block Crypto Glossary for Nonprofits and Donors: 60+ Terms Explained We’ve put together a glossary of the most popular, essential, and amusing jargon, terms, shorthands, and slang. Read more