👉Why choose DEXYNTH

and How does it work

Synthetic assets, sometimes referred to as synths, are a combination of cryptocurrencies and traditional derivative assets. In other words, synths are tokenized derivatives.

In essence, if you want to profit from the price fluctuations of a stock that you don’t own, you can do this through a derivative. Synthetic assets, or tokenized derivatives, take this process one step further by adding the record for the derivative on the blockchain and essentially creating a cryptocurrency token for it.

DEXYNTH is a fully synthetic trading platform, which means that the user is not trading nor posses the underlying asset.

This is achieved by simulating the trading experience, by using a blockchain oracle (Chainlink) to query asset prices from several sources and averaging them out; giving the user the fairest pricing available on any platform. This works in concert with the hyper efficient liquidity mechanism.

For ex. : User is not buying BTC or EUR or GOLD but he is trading the average price of it, obtained from several sources in order to avoid price manipulation.