$ETH

(Synthetic Ethereum) is a token that reflects the price of Ethereum and is part of the Synthetix ecosystem — a decentralized protocol for issuing synthetic assets. The main advantage of sETH is that it allows traders to gain exposure to ETH without actually owning it, while still retaining the ability to interact with other synthetic assets on the platform. Its use opens up possibilities for creating complex DeFi strategies, including seamless swapping on platforms like Curve and Kwenta. As the DeFi market develops, the liquidity of sETH continues to grow, strengthening its position as a tool for active trading and hedging in the Ethereum ecosystem.