# Synthetix > Perps on Mainnet Synthetix provides derivatives liquidity infrastructure enabling perpetual futures, options, and synthetic asset trading across decentralized finance protocols. Synthetix operates a derivatives liquidity protocol providing infrastructure for permissionless derivatives trading in decentralized finance. The protocol enables creation of synthetic assets that track real-world asset prices through overcollateralized positions, supporting perpetual futures, options markets, and parimutuel trading. The protocol implements hybrid onchain-offchain architecture combining onchain custody with offchain order matching for high-performance trading. - Type: Company - Sector: Finance - Status: Active - Founded: 2017-09-01 - Profile: https://thegrid.id/profiles/synthetix ## Products - [Synthetix Perps](https://thegrid.id/profiles/synthetix): Synthetix Perps is a perpetual futures trading exchange with hybrid onchain-offchain architecture deploying Central Limit Order Book infrastructure on Ethereum Mainnet. The system processes order matching offchain through ultra-low latency engines while maintaining onchain custody of deposited collateral. Users post multicollateral margin to trade perpetual contracts with leverage. The protocol provides infinite liquidity through smart contract-based counterparty model eliminating traditional order book constraints. (Derivatives , Live, Main Product) - [420 Pool](https://thegrid.id/profiles/synthetix): The 420 Pool implements non-liquidating staking infrastructure for SNX and sUSD token holders. Users deposit collateral to earn protocol rewards from trading fees, market-making spreads, and liquidations without managing collateralization ratios. The system maintains custody of staked assets while automatically farming yield across DeFi protocols. Participants retain withdrawal capabilities without liquidation risk. (Liquid Staking, Live) ## Assets - [Synthetix Network Token (SNX)](https://thegrid.id/profiles/synthetix): SNX is the governance token of Synthetix. It is used as collateral to mint synthetic assets that track real-world prices and to vote on protocol decisions. Stakers earn trading fees from the protocol but assume proportional responsibility for the system's total debt, which fluctuates as the value of all synthetic assets changes. (Governance) - [Synthetix USD (sUSD)](https://thegrid.id/profiles/synthetix): sUSD is a USD-pegged stablecoin created by the Synthetix protocol. It is minted by users who lock SNX tokens as collateral through an overcollateralization model, and serves as the primary medium of exchange within Synthetix for trading other synthetic assets that track cryptocurrencies, fiat currencies, and commodities. Users who mint sUSD become part of a shared debt pool, collectively sharing the risk associated with all synthetic assets in the ecosystem. (Stablecoin) - [Synthetix EUR (sEUR)](https://thegrid.id/profiles/synthetix): sEUR is a euro-pegged synthetic asset on the Synthetix protocol. It is used for trading, liquidity provision, and as collateral in DeFi applications. Users create sEUR by locking SNX tokens as collateral, with its price tracking the euro through Chainlink oracles to provide euro exposure without holding the underlying currency. (Stablecoin) ## Links - [Main](https://www.synthetix.io) - [Terms of Service](https://www.synthetix.io/terms) - [Documentation](https://developers.synthetix.io) - [Media Kit/branding](https://www.synthetix.io/brand) - [Blog](https://blog.synthetix.io) - [Governance](https://www.synthetix.io/governance) - [Privacy policy](https://www.synthetix.io/privacy) - [Twitter / X](https://x.com/synthetix) - [Discord](https://discord.gg/EYPzqnJfzP) - [GitHub](https://github.com/Synthetixio) - [Reddit](https://www.reddit.com/r/synthetix_io) ## Legal This data is provided under two licensing models. Model 1 - open data. The open data core is licensed under the Open Database License (ODbL) — a copyleft/share-alike license allowing free use, modification, and sharing for any purpose. Attribution is required: include "Powered by The Grid" linking to https://thegrid.id wherever the data is used. Derivative databases must be shared under ODbL terms. Trademarks, logos, and brand names (marked "Special TPIP") are not covered by the ODbL. For ML/AI use: training datasets that substantially extract ODbL data are Derivative Databases and must be shared under ODbL if publicly used; models must be attributed in documentation. Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service. The following applies to both licensing models. - All data is provided AS IS with no guarantees of accuracy. - The Grid does not provide investment, legal, or tax advice, and - a project's presence in The Grid's data does not imply endorsement. - [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers - [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service. - [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service. - [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services. - [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures ## Optional - [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model - [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships - [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type - [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types - [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP