1) Ever wondered how you could trade assets like gold or stocks in the cryptocurrency markets?
There's actually a cool protocol called @synthr_defi making this happen TODAY.
Here's a guide on ''synthetic assets'' and how this can enrich your portfolio ๐ ๐งต
#synthr $synth
There's actually a cool protocol called @synthr_defi making this happen TODAY.
Here's a guide on ''synthetic assets'' and how this can enrich your portfolio ๐ ๐งต
#synthr $synth
2) Here is what Iโll cover in this thread:
1. What are synthetic assets
2. What is @synthr_defi
3. Tokenomics
4. Partners
5. Conclusion
1. What are synthetic assets
2. What is @synthr_defi
3. Tokenomics
4. Partners
5. Conclusion
3) 1๏ธโฃ What are synthetic assets
Synthetic assets are similar to derivatives in traditional finance.
They track and trade the value of real-world assets in a synthetic form.
They give access to assets like gold and silver that the average crypto investor couldn't easily access.
Synthetic assets are similar to derivatives in traditional finance.
They track and trade the value of real-world assets in a synthetic form.
They give access to assets like gold and silver that the average crypto investor couldn't easily access.
4) 2๏ธโฃ What is @synthr_defi
#Synthr is a synthetic asset protocol that allows users to mint and trade on-chain derivatives of various financial assets.
It uses cutting-edge methods for managing collateral, reducing risk, keeping costs stable and allowing chains to work together.
#Synthr is a synthetic asset protocol that allows users to mint and trade on-chain derivatives of various financial assets.
It uses cutting-edge methods for managing collateral, reducing risk, keeping costs stable and allowing chains to work together.
5) Users will be able to mint, manage, and speculate on synthetic derivative tokens representing any financial instrument in the world using the #Synthr Protocol.
Users will initially put up highly liquid assets like stablecoins or $ETH as collateral to mint these tokens.
Users will initially put up highly liquid assets like stablecoins or $ETH as collateral to mint these tokens.
6) If you want to mint a #Tesla stock:
Deposit $1,500 stablecoins into a smart contract as collateral.
With this collateral you can receive 1000$ worth of ''syTSLA'' as return.
With stablecoins you need to provide a minimum of 150% collateral.
Want it back? repay your syTSLA
Deposit $1,500 stablecoins into a smart contract as collateral.
With this collateral you can receive 1000$ worth of ''syTSLA'' as return.
With stablecoins you need to provide a minimum of 150% collateral.
Want it back? repay your syTSLA
7) To ensure liquidity, #Synthr incentivizes farmers and liquidity providers by sharing:
โข Trading Fees
โข The $Synth native token
โข Trading Fees
โข The $Synth native token
8) #Synthr also allows you to earn yield on your synthetic assets powered by an auto yield optimizer.
Another feature is what they call social trading:
A list of profitable investment strategies that users will be able to utilize.
Another feature is what they call social trading:
A list of profitable investment strategies that users will be able to utilize.
9) 3๏ธโฃ Tokenomics
$SYNTH will be a deflationary token, ensuring its supply reduces over time whereas demand increases with increased protocol usage.
By incentivizing users to lock up the circulating supply, the demand for $SYNTH will increase and exceed the supply.
$SYNTH will be a deflationary token, ensuring its supply reduces over time whereas demand increases with increased protocol usage.
By incentivizing users to lock up the circulating supply, the demand for $SYNTH will increase and exceed the supply.
10) The main list of benefits for holders include:
โข Revenue generation
โข Governance
โข Voting
โข Creating pools
โข Revenue generation
โข Governance
โข Voting
โข Creating pools
11) 4๏ธโฃ Partners
Since its development #synthr has partnered with lots of notable names.
โข A three way partnership with $DFYN and $ROUTE.
โข #Sei network.
โข Liquidity grand $KAI.
โข Liquidity grand $TLOS.
โข #Supraoracles integration.
Since its development #synthr has partnered with lots of notable names.
โข A three way partnership with $DFYN and $ROUTE.
โข #Sei network.
โข Liquidity grand $KAI.
โข Liquidity grand $TLOS.
โข #Supraoracles integration.
12) 5๏ธโฃ Conclusion
Asset tokenization on the blockchain can be pretty huge.
While there have been attempts to perfect this new niche, the market still lacks an all-around platform.
@synthr_defi is definitely a very strong protocol that could make this happen.
Asset tokenization on the blockchain can be pretty huge.
While there have been attempts to perfect this new niche, the market still lacks an all-around platform.
@synthr_defi is definitely a very strong protocol that could make this happen.
13) I hope you've found this thread helpful.
Follow me
@CryptoGirlNova for more.
Like/Retweeting the first tweet below would mean a lot to me ๐๐
Follow me
@CryptoGirlNova for more.
Like/Retweeting the first tweet below would mean a lot to me ๐๐
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