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Synthetix

Synthetix is a DAO-governed decentralized derivatives protocol whose legacy stablecoin, sUSD, is being wound down and converted to vested SNX under governance proposal SIP-423.

StageDAO
FoundersKain Warwick
Websitesynthetix.io ↗
X@synthetix_io ↗
GitHub@Synthetixio ↗

Products

sUSD active $10M
sUSD
Crypto Backed

sUSD is Synthetix's legacy synthetic US-dollar stablecoin, now being wound down and converted to vested SNX under governance proposal SIP-423.

Overview

Synthetix is a decentralized synthetic-asset and derivatives protocol governed by SNX token holders. Its legacy US-dollar stablecoin, sUSD, was part of the protocol's synthetic-asset system.

Products

sUSD is being retired. Under governance proposal SIP-423, legacy sUSD is frozen and converted to vested SNX rather than continuing as an active stablecoin.

Regulatory Status

As a decentralized protocol, Synthetix does not operate as a licensed issuer; no issuer-level licenses or registrations were identified.

Recent Activity