About sETH

sETH is a synthetic asset created by the Synthetix protocol, designed to mirror the price of ETH. Synthetix is a decentralized platform enabling the creation and trading of synthetic assets, collateralized by the SNX token. sETH, like other Synthetix Synths, benefits from high liquidity and minimal slippage due to the protocol's pooled collateral model. SNX is the native utility token, and stakers earn rewards through trading fees and liquidity provision. sETH captures the price movement of ETH, and assets on the platform can represent various financial instruments, approved by the community. Minting sETH requires staking SNX via the Mintr application, with the amount determined by the collateralization ratio. Stakers incur a debt when minting Synths, which must be repaid to unlock their ...