Tap in Tuesday: Rethinking the Synthetic Token Approach w/ Synfutures

DeFi Slate Fam:

Hope y’all are having an epic week. Synthetic Assets are a core building block of DeFi so don’t miss this one.

At a bare bones level, synthetic assets are tokens that track some asset’s price. Sounds simple in theory but the synthetic asset’s parity with its origin asset is difficult to maintain. Pricing these tokens involves bringing in information external to the blockchain in order to calculate the price.

Synthetix, UMA, among others are the powerhouses when it comes to synthetic assets. They help tokens like WBTC, sUSD, sOIL, sTESLA maintain their peg to an underlying price feed.

Synfutures has a new approach. We won’t give away too much.

Watch below to find the gaps in existing synthetic solutions and how Synfutures closes the loop on decentralized derivatives.

Enjoy!

-Rob


It’s harvest season. Earn interest without taking market risk on mstable :) (Recently launched on Polygon for gas-free farming)

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Tap in Tuesday: Rethinking the Synthetic Token Approach w/ Synfutures


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⚠️ DISCLAIMER: Investing into cryptocurrency and DeFi platforms comes with inherent risk including technical risk, human error, platform failure and more. At certain points throughout this post, we might get commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.


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