What is sUSD?
Synthetix claims itself to be the back support for the derivatives that trade in DeFi. This is because it allows everyone from any part of the globe to attain on-chain exposure over the vast range of crypto assets.Its smart contracts has Synthetix Network Tokens (SNX) locked. These tokens can be used as collateral. sUSD is the stablecoin of Synthetix native. With sUSD, one can easily trade Synths on the platform of Synthetix Exchange. The same can be minted through SNX staking. For users that provide liquidity to the pools, the platform gives them the ease to earn incentives. Once users have acquired sUSD, they can start trading for other Synths. Synthetix aims at making everyone able to access and trade using crypto-backed synthetic assets
How do I buy sUSD?
Deposit funds into your account.
Enter the amount of sUSD (or Australian Dollar equivalent) that you would like to buy.
Click ‘Buy' to confirm your sUSD purchase and your sUSD will arrive in your CoinSpot wallet within minutes.
Don't have an account? Click here.