You can now trade FAANG stocks on Ethereum DeFi app Synthetix
By Poppy in Technology
Updated 3 years ago
Synthetix, an Ethereum-based decentralized finance (DeFi) app, launched the full suite of its on-chain synthetic derivatives yesterday, as per an announcement. Launched in 2018, the derivatives liquidity protocol allows users to issue ERC-20 smart contracts—known as "Synths"—that track and provide the returns of other assets (such equities and cryptocurrencies…and theoretically anything).