Synthetix Network Token to Host Community Call on March 28th

Synthetix Network Token will host a community call on Discord on March 28th at 20:00 UTC. The event will include a live demonstration of their new user interface upgrade and the opportunity to trade perpetual contracts. Refer to the official tweet by SNX: Need alpha? We're back for Synthetix Alpha Call #2 this Friday 🧪📅 Mar 28, 2025⏰ 20:00 UTC📍 Synthetix Discord: Catch a live demo of our new UI upgrade and trade perps your way. Live walkthrough, early access, community Q&A—and poker night ♠️♦️ SNX InfoSynthetix is a protocol on Ethereum that allows for the creation of synthetic assets, or “Synths”, which are essentially tokens representing the value of real-world assets. These can range from cryptocurrencies to commodities and fiat currencies, offering traders exposure to these assets without the necessity of owning them directly.Synths leverage decentralized price oracles to accurately track the prices of their underlying assets. Unlike stablecoins, Synths are not backed by a direct reserve of the asset they represent, but by on-chain mechanisms and smart contracts. Owning a Synth doesn’t mean owning the underlying asset; instead, it offers exposure to the asset’s price fluctuations. This functionality, coupled with the interoperability of Synths as ERC-20 tokens, allows them to be integrated into other DeFi protocols for liquidity provision and trading.The Synthetix Network Token (SNX) is a key component of the protocol, acting as the primary form of collateral used to mint Synths. Synthetix also supports Ethereum as collateral. The system operates on an overcollateralization principle, ensuring each Synth represents less value than the collateral backing it. To maintain a certain collateralization ratio determined by governance, stakers mint or burn Synths or add more collateral, which is essential for them to continue earning staking rewards.