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Welcome to xSynth

xSynth is a decentralized liquidity provisioning protocol built on Ethereum and Polygon (a layer two scaling solution built on Ethereum). Synthetic assets, and associated products, are collateralized by stakers via xSynth Network Token (XSYN), which when locked in a staking contract enables the issuance of synthetic assets (synths). This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEXs.

xSynth liquidity powers a range of derivatives and on-chain financial instruments. You can learn more about the the two types of synth assets that protocols will integrate to create on-chain derivatives.

The xSynth Protocol does not operate any user-facing front-ends, which allow users to trade. Instead, it serves as a backend liquidity provisioning tool to support user-facing DeFi applications. There is a growing number of protocols that utilize this capital and generate trading fees for stakers. See the "Built on xSynth" section to learn more.

We should make clear the distinctions between the different areas of "xSynth":

The xSynth Protocol: A suite of smart contracts that provisions liquidity with the input of xSynth Governance to enable various financial derivative products.
The xSynth Staking Interface: A web interface that allows for easy interaction with xSynth Staking and other xSynth products
xSynth Governance: A representative council system that governs xSynth. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council.
xSynth Partners & Integrators: Protocols listed under the xSynth Partners and Integrators section have integrated with xSynth products and liquidity to build user-facing protocols for varying use cases.
The Greater xSynth Ecosystem: Many additional protocols have spun out of the xSynth Community or have very close relationships with xSynth. While these protocols do not directly integrate with xSynth liquidity, they are closely intertwined with xSynth.

NextThe xSynth Protocol

Last updated 10 months ago

We should make clear the distinctions between the different areas of "xSynth":

The xSynth Protocol: A suite of smart contracts that provisions liquidity with the input of xSynth Governance to enable various financial derivative products.
The xSynth Staking Interface: A web interface that allows for easy interaction with xSynth Staking and other xSynth products
xSynth Governance: A representative council system that governs xSynth. Four staker-elected councils exist Spartan, Treasury, Ambassador, and Grants Council.
xSynth Partners & Integrators: Protocols listed under the xSynth Partners and Integrators section have integrated with xSynth products and liquidity to build user-facing protocols for varying use cases.
The Greater xSynth Ecosystem: Many additional protocols have spun out of the xSynth Community or have very close relationships with xSynth. While these protocols do not directly integrate with xSynth liquidity, they are closely intertwined with xSynth.