Synthetix allows developers to issue synthetic assets on the Ethereum blockchain. This is a compelling concept as you can transform any asset into a tradable asset while removing its potential restrictions.
Synthetix has opened up many new use cases for traders seeking new financial instruments. It wasn’t possible to employ trading bots for many traditional financial products to give you a concrete example. When trading synthetic assets, this becomes possible.
The Synthetix platform brings non-blockchain-based asset exposure to the crypto ecosystem.
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