sXAG (SXAG)

sXAG, the crypto

sXAG (Silver) is a synthetic asset created by the Synthetix protocol on the Ethereum blockchain that tracks the price of silver.

The point

The main point of sXAG (SXAG) is to provide exposure to the price movements of silver without having to physically own or store the asset. This allows investors to gain exposure to silver's price movements without the challenges associated with storage and transportation of physical silver.

The problem

sXAG (SXAG) tries to solve the problem of owning and storing physical silver, which can be difficult and expensive due to its bulkiness, weight, and security requirements. By creating a digital representation of silver, sXAG (SXAG) allows investors to gain exposure to the price movements of silver without the challenges of physical ownership.