1/4 🧵
Why are synthetic assets in #DeFi - brought to us by @synthetix_io @mirror_protocol @UMAprotocol etc. - important and why should we fight to keep them?
🪞 Synths are borderless and can be accessed everywhere despite underlying assets often being regulated regionally.
Why are synthetic assets in #DeFi - brought to us by @synthetix_io @mirror_protocol @UMAprotocol etc. - important and why should we fight to keep them?
🪞 Synths are borderless and can be accessed everywhere despite underlying assets often being regulated regionally.
2/4
🪞 Synths in #DeFi can be owned and traded by everyone leading to better financial inclusion.
🪞 You can access various financial products in one place, leading to better ease of use.
🪞 Many blood-sucking 🧛♂️ 🩸 middle-men are cut out > more efficiency, less costs.
🪞 Synths in #DeFi can be owned and traded by everyone leading to better financial inclusion.
🪞 You can access various financial products in one place, leading to better ease of use.
🪞 Many blood-sucking 🧛♂️ 🩸 middle-men are cut out > more efficiency, less costs.
3/4
🪞 Synths become programmable and interoperable by being minted and traded on decentralized blockchains like #Ethereum or @terra_money, allowing e.g. to easily lend you synthetic stocks on a #DeFi money market for additional yield.
🪞 Synths become programmable and interoperable by being minted and traded on decentralized blockchains like #Ethereum or @terra_money, allowing e.g. to easily lend you synthetic stocks on a #DeFi money market for additional yield.
4/4
🪞 Synthetic assets on a blockchain can be traded 24/7/365 independent of any centralized organization.
🪞 No dependency on a central custodian, custodial risk mitigated.
Do you know more reasons?
$SNX $MIR $UMA $RUNE
🪞 Synthetic assets on a blockchain can be traded 24/7/365 independent of any centralized organization.
🪞 No dependency on a central custodian, custodial risk mitigated.
Do you know more reasons?
$SNX $MIR $UMA $RUNE
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