Synthetix, formerly Havven, is a cryptoasset-backed network that enables the creation of on-chain synthetic assets.
The network reduces price volatility through its dual-token system: HAV, the collateral token, and nUSD, the asset-backed stablecoin. nUSD is collateralised by the value of HAV, and the value of HAV comes from transaction fees that are generated with all nUSD transactions and paid to HAV holders. The value of nUSD is kept stable by HAV holders, who are incentivised to manage its supply. Havven is currently on Ethereum but will also be on EOSIO by the end of 2018.
Backers
10+
DWF Ventures
Powered by DWF Labs.
Roca Capital
Investing in ideas that become retrospectively obvious.
Framework Ventures
We build products and services to support open blockchain networks.
Infinite Capital
Investing in Generational Innovation.
Three Arrows Capital
Hedge fund manager that provides risk-adjusted returns.
Fourth Revolution Capital
Focused exclusively on blockchain technology and digital assets.
