Tap in Tuesday: Rethinking the Synthetic Token Approach w/ Synfutures
Discover more from The Rollup
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)
Aave is the non-custodial money market protocol leading the #DeFi charge.
Use the app as a high-yield savings account & access leverage on your crypto.
Tap in Tuesday: Rethinking the Synthetic Token Approach w/ Synfutures
👀 Sponsor Update: DeGate is a Decentralized Layer 2 Decentralized Exchange based on optimistic rollups. DeGate will offer secure order-book trading that is faster and cheaper.
Degate also offers a fast and efficient L1 - L2 Bridge, testnet is operating now. Try it HERE
⚠️ 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.
Liked this post? Share with a friend :)
🚀 Join Our Inner Circle And Become A Certified DeFi Degen!
🌐Check Us Out On Twitter!
🚀Join the community on Telegram Channel to get our free V.1. yield farming guide!
🎤Subscribe to our YouTube channel!
Last week in review:
Check out some previous interviews:
DeFi Slate x TheEther: A social governance experience for Ethereum
DeFi Slate x Nick Fett: Oracles, Tellor, and the future of DeFi
Recent tweets:
Every time a bank takes out a negative report warning you about something in crypto/DeFi, just remember what they did in the past to see if they are really looking out for your interestEthereum is leading the global open-source movement Borderless Permissionless Immutable Ultra Sound Money 🦇🔊Big news for the best multisig in DeFi as @gnosisSafe launches on Polygon, Arbitrum and BSC to scale Ethereum and enable DAOs to run on lower gas fees and faster speeds Great work @SchorLukas & co
We love @dHedgeOrg because it decentralizes investing: anyone can join a fund and outperform the market (ours has returned over 180% in less than a year!) You can check out ours here: app.dhedge.org/pool/0x2887a8a… But the point of this THREAD is to talk about the v2 update👀
