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Synthetix (SNX) is a decentralized synthetic asset issuance protocol built on the Ethereum blockchain. It allows users to create and trade synthetic assets, which are blockchain-based assets that track the value of real-world assets like commodities, fiat currencies, and cryptocurrencies.
Bifrost (BFC) is a unique multi-chain middleware protocol designed to facilitate interoperability between different blockchain networks. By enabling seamless communication and asset transfers across various blockchains, Bifrost aims to enhance the overall functionality and usability of decentralized applications (dApps).