Synthetix introduces a novel concept in trading synthetic assets or ‘synths,’ collateralized using Synthetix Network Token (SNX). This system allows seamless synth conversions via smart contracts, overcoming typical liquidity and slippage issues in decentralized exchanges (DEXs). Diving into the intricate workings of Synthetix, as detailed in its January 2023 Litepaper, version 1.6, reveals its significant
