Synthetix Now Allows Users To Trade Top Tech Stocks

Discussion in 'Crypto Assets' started by krugman25, Apr 23, 2021.

  1. krugman25

    krugman25 Guest

    "Synthetix’s community governance body, synthetixDAO, voted to create new synthetic assets that track the price of FAANG stocks—a shorthand term for Facebook, Amazon, Apple, Netflix, and Google.

    The newly added synthetic tokens come just months after Synthetix added a synthetic Tesla stock in February.

    Synthetix’s assets can be traded against the sUSD stable coin or other crypto-backed synths like sETH. Due to their decentralized nature, synths allow DeFi users to get price exposure to favorite stocks without requiring a traditional brokerage account.
    "

    https://cryptobriefing.com/synthetix-now-allows-users-to-trade-top-tech-stocks/
     
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