What is Synthetix? Synthetix is a decentralized liquidity provisioning protocol built on Ethereum and Optimistic Ethereum (a layer two scaling solution built on Ethereum).

Different areas of Synthetix 1. The Synthetix Protocol 2. The Synthetix Staking Interface 3. Synthetix Governance 4. Synthetix Partners & Integrator 5. The Greater Synthetix Ecosystem

Synthetix Token (SNX) 1. Staking 2. Inflation Reward 3. Decentralized Governance

Staking  SNX Stakers earn weekly rewards for collateralizing the network. These rewards are paid in two ways. One is from trading fees, which are charged to traders. 

Inflation Rewards The goal is to achieve a target staking ratio by adjusting the inflation rate weekly. The staking ratio is defined as the percentage of SNX collateral in staked addresses versus the total SNX collateral.

Governance Synthetix Stakers are assigned a percentage of debt ownership proportion to their amount of SNX staked. Then their voting weight is quadratically weighted for all but the Treasury Council. Voting is done through the fully on-chain Synthetix Governance Module.