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ease
features
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support

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Description

Synthetix is a protocol for the issuance of decentralized synthetic assets operating on the Ethereum blockchain. These synthetic assets, known as Synths, are backed by the Synthetix Network Token (SNX), which, when locked within the contract, allows for the creation of these assets. The model of pooled collateral permits users to exchange Synths directly through the smart contract, eliminating the necessity for counterparties. This innovative approach addresses common problems such as liquidity and slippage that decentralized exchanges often face. Currently, Synthetix provides synthetic representations of fiat currencies, cryptocurrencies (both long and short), as well as various commodities. SNX holders are motivated to stake their tokens, as they earn a proportional share of the fees accrued from transactions on Synthetix.Exchange, reflecting their stake in the ecosystem. This right to engage with the network and earn fees from Synth transactions contributes to the intrinsic value of the SNX token. Notably, traders do not need to hold SNX in order to participate in trading on Synthetix.Exchange, enhancing accessibility for a broader audience. By doing so, Synthetix opens the door for more users to engage in trading without needing to invest in the underlying token initially.

Description

ZKFair stands out as the pioneering community-driven ZK-L2 solution built on the Polygon CDK and Celestia DA, enhanced by Lumoz, a provider of ZK-RaaS. This innovative platform employs USDC as its gas token and guarantees full EVM compatibility, high performance, low fees, and strong security features. In the current landscape of Ethereum ZK-L2, a troubling trend of inequity is evident, as many ZK-Rollup projects reap the benefits of user-generated transaction fees without issuing any tokens. Users continuously contribute by initiating millions of transactions each day, incurring significant gas fees with no assurance of receiving anything in return for their efforts. These centralized ZK-Rollups operate like fortress-like entities, leaving little room for community input in their governance and decision-making processes. Instead, they primarily serve the interests of investors, exchanges, and large institutions, resulting in paltry rewards for everyday users. This dynamic raises questions about the sustainability and fairness of these systems moving forward.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Armor.Fi
AscendEX
BingX
Blocknative
CoinLedger
CoinMarketCap
Crypto APIs
Crypto Backoffice
Enzyme
KuCoin
L2BEAT
Ledger Nano X
OKX Wallet
ONTO
Polygon
Pyth
TokenPocket
Ubeswap
ZKSwap

Integrations

Armor.Fi
AscendEX
BingX
Blocknative
CoinLedger
CoinMarketCap
Crypto APIs
Crypto Backoffice
Enzyme
KuCoin
L2BEAT
Ledger Nano X
OKX Wallet
ONTO
Polygon
Pyth
TokenPocket
Ubeswap
ZKSwap

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Synthetix

Founded

2017

Country

Australia

Website

synthetix.io

Vendor Details

Company Name

ZKFair

Website

zkfair.io

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