Review on Synthetix Network Token by Douglas Cachazo
Synthetix red Token SNX: Good Defi project, complex and unknown by many
Decentralized finance project that operates under the Ethereum platform, its goal being that derivatives trading is available to everyone. As we know, the seller does not have possession of the asset but invests the value of it so that potential buyers can acquire it. As 'for example shares of a company or bonds. In this case they are invested with the SNX token which is blocked and trading will always be on future terms. This allows, and in fact this happens, that from the platform it is possible to trade shares of the London Stock Exchange using SNX, with which the transactions are carried out without any problem. But not everything is there, these future investments can be accompanied by a leverage so that the more you invest the more you can get to finance, debt at risk.
Pros
- High volume investment generates confidence
- Allows for frictionless trading of assets such as bonds or shares in markets of the ethereun chain
- Gives great possibilities to emerging financial applications
- Interesting use cases
- Facilitates derivatives trading
Cons
- Nothing against
