The trading of stocks, currencies, commodities, and other assets is still dominated by financial hubs like Wall Street, London, and Hong Kong. However, DeFi is slowly emerging to upend the status quo, taking the power out of the hands of the financial institutions and into the hands of the people. One platform, Synthetix (SNX), is getting a lot of attention in the decentralized finance world, because it is looking to bring synthetic versions of real-world assets to the crypto world, and I’m gonna tell you all about it today.
Synthetic is one of the best DeFi projects of 2021. Derivatives trading is emerging as one of the most in-demand in the DeFi market and SNX is a derivatives liquidity protocol. I’ll tell you everything you need to know about the Synthetix network token or SNX coin. At the end of the video, I’ll give you my best SNX price prediction for 2021.
01:01 Synthetix stats and concept
03:27 Synthetix and Inverse Synthetix
04:10 Synthetix DEX and tokenomics
07:27 a16z Crypto and SNX
08:35 Price Prediction
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