SNX is the native cryptocurrency of the Synthetix protocol, a decentralized finance (DeFi) platform that allows users to create and trade synthetic assets. Synthetic assets are financial instruments that mimic the value of real-world assets, such as stocks, commodities, and currencies, but are traded on a blockchain.$SNX

SNX is used as a collateral token to create synthetic assets, and holders of SNX can stake their tokens to earn rewards and participate in the governance of the Synthetix protocol.

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