Synthetify

The Synthetify protocol enables the creation, exchange, and burning of synthetic assets at prices offered by the decentralized Oracles system. Trading on the Synthetify exchange is performed against a pool of public debt, which allows almost unlimited liquidity and zero slippage, even in large transactions. Participants in the debt pool earn pro-rata exchange fees as counterparties during the trading period. Debt pool participants need to continue to hold sufficient collateral in the Synthetify token (SNY) to ensure the stability of the platform.