Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: EAA-ALLAH on April 18, 2021, 07:00:30 PM
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The decentralized finance (DeFi) sector has evolved so fast over the past year that new ways of trading and earning from digital assets have emerged at unprecedented rates.
What was once just limited to collateral-backed lending and borrowing platforms is now a virtual smorgasbord of different DeFi protocols offering derivatives, flash loans, dynamic stablecoins, and synthetic assets.
The Synthetix protocol launched in order to provide access to these synthetic assets in tokenized form by using a complex system of algorithms and derivatives. Traders holding synths on the protocol do not have the real asset in their possession, however, they can still gain exposure to its price movements.
As far as DeFi protocols go, Synthetix is one of the hardest for beginners to comprehend but we’ll attempt to unravel some of those complexities in this DeFi Source (https://cryptonews.net/551866/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)