Discover and read the best of Twitter Threads about #Synthread
Most recents (2)
1. Imajin going through the torture of getting KYCed on a CEX like @FTX_Official to trade and you end up not being able to withdraw your assets...
With @synthr_defi, you won't face these issues.
here's an overview of what I've learnt:
🧵(1/15)
#Synthread #Sei #Cosmos
With @synthr_defi, you won't face these issues.
here's an overview of what I've learnt:
🧵(1/15)
#Synthread #Sei #Cosmos
2. @synthr_defi is an Omnichain Synthetics Protocol that empowers anyone with access to trade a variety of assets such as crypto, stocks, FOREX etc on multiple chains, including the up-and-coming @SeiNetwork!
How does it work?
How does it work?
3.
🐸Deposit highly liquid collateral (E.g $USDT, USDC, ETH)
🐸Mints syAsset, @synthr_defi's synthetic versions of the original asset.
syAssets track the prices of the original assets, giving holders exposure to its price movements even without owning the original asset.
🐸Deposit highly liquid collateral (E.g $USDT, USDC, ETH)
🐸Mints syAsset, @synthr_defi's synthetic versions of the original asset.
syAssets track the prices of the original assets, giving holders exposure to its price movements even without owning the original asset.
CeFi is regulated by the government.
DeFi is regulated by the code.
But what stops the growth of DeFi industry?
Thread 🧵 (and small giveaway)
DeFi is regulated by the code.
But what stops the growth of DeFi industry?
Thread 🧵 (and small giveaway)
1/ DeFi will eliminate the need for traditional banking and it will forever change the financial sector.
However, DeFi is far from competing with TradFi and it has to evolve further for industry growth.
However, DeFi is far from competing with TradFi and it has to evolve further for industry growth.
2/ There is a number of factors lacking such as general adoption, friendly UI, self-custody tools, etc.
But the most important factor is liquidity.
But the most important factor is liquidity.
