Synthetix Network to Launch Perpetual DEX on Ethereum Mainnet on December 17
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Synthetix Network will launch its perpetual futures exchange on the Ethereum mainnet on December 17, marking its return to Ethereum after deploying on Layer 2 networks. Synthetix allows the creation of synthetic assets, offering exposure to real-world asset prices without direct ownership. The Synthetix Network Token (SNX) is used as collateral to mint Synths, operating on an overcollateralization principle to ensure stability.
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