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Synthetify

SNY

  • Synthetic Assets
  • DeFi
Established Year
2020
Headquarter
Poland
Operating Status
Inactive
Ecosystem
Solana
Synthetify is a decentralized protocol for synthetic assets based on the Solana blockchain. It enables the creation and exchange of synthetic assets that closely track the prices of their real-world counterparts. The synthetic tokens are based on the SPL-Token standard, which allows them to be easily integrated with other DeFi applications such as AMMs.

Organisation

Team

Financial Portfolio

Investment

Lens Protocol
Lens Protocol
Seed
$15 M

Frequently Asked Questions

What is Synthetify protocol?

Synthetify protocol enables creation, exchange and burn of synthetic assets based on prices provided by a decentralized system of oracles. On Synthetify exchange trading is executed against the public debt pool that allows for almost infinite liquidity and zero slippage even during big trades. Participants of the debt pool earn pro rata exchange fees for acting as counterparties during trades. Debt pool participants need to constantly hold sufficient collateral in Synthetify tokens (SNY) to ensure platform stability.