Synthetix is an open source derivatives liquidity protocol on Ethereum. By integrating with decentralized oracle networks, it allows users to receive a loan of stablecoins against collateral onchain. Users may also provide liquidity to derivatives markets, which can use fees to repay their debt.
Interact with Synthetix using ecosystem projects.
The protocol is governed by the Spartan Council. They are elected by those providing SNX tokens to the protocol. The Spartan Council votes on SIPs and SCCPs. Community discussions primarily occur on Discord and X.