One of the neat things about cryptocurrencies is how flexible they are.With a little bit of code and some liquidity to spare, you can synthesize digital assets out of thin air. You can also connect a crypto token to a real-world asset. Synthetix token allows for the creation and trading of these so-called “Synths.” By transforming real-world assets like USD into blockchain-tradeable tokens, SNX is an integral part of this systematic flexibility. SNX is mostly used for connecting various national fiat currencies to the Ethereum blockchain but it is not limited in what can be tokenized on SNX. This process allows various trading tools and derivatives to use real-world information while trading. The community has even created a sort of index fund that tracks the price of several other DeFi tokens, serving as a useful aggregator of crypto prices across the board without requiring investments in every marketplace and token.

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