Synthetix is a decentralized finance (DeFi) platform that enables the creation and trading of synthetic assets on the blockchain, supported by a system of multiple tokens with the Synthetix Network Token (SNX) at its core. By staking SNX via the Staking dApp, users can mint Synths—on-chain representations of real-world assets—and trade them on Kwenta. With an emphasis on seamless usability, the platform employs a proxy system for non-disruptive contract upgrades and leverages Chainlink oracles for reliable price feeds. Managed through the Synthetix Improvement Proposal (SIP) framework, it ensures continuous enhancements for its community-driven ecosystem. Synthetix provides extensive tooling and support for both developers and end-users, with resources such as comprehensive API access, testing modules, and community guides, fostering innovation and engagement within the web3 landscape.