What is iCEX?

iCEX is an inverse synthetic centralized exchange index token enabled by the Synthetix protocol. It inversely tracks a basket of centralized exchange tokens through price feeds supplied by Chainlink’s decentralized network of oracles. It can be traded without slippage for other assets native to the Synthetix protocol at Kwenta or Synthetix.Exchange. Its weighting was determined by Synthetix community governance, and can be viewed in the Synthetix Docs. More information about Inverse Synths can also be found in the Synthetix Docs.