In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
They claim the Synths function as decentralized perpetual futures that leverage Synthetix’s debt pool and innovative liquidity framework. The developers claim Synthetix guarantees the best price execution and offers little or no slippage.
So what is sUSD and why does Mr. Market think it is worth up to $142.527 million? sUSD is one of 15 Synths, or derivative tokens, they built with the Synthetix derivatives liquidity protocol. The sUSD tracks the price of a single USD dollar. They claim the price of the sUSD remains constant at $1 USD.