Thread by @CryptoGirlNova

1) Ever wondered how you could trade assets like gold or stocks in the cryptocurrency markets?

There's actually a cool protocol called @synthr_defi making this happen TODAY.

Here's a guide on ''synthetic assets'' and how this can enrich your portfolio 👇 🧵

#synthr $synth

2) Here is what I’ll cover in this thread:

1. What are synthetic assets
2. What is @synthr_defi
3. Tokenomics
4. Partners
5. Conclusion

3) 1️⃣ What are synthetic assets

Synthetic assets are similar to derivatives in traditional finance.

They track and trade the value of real-world assets in a synthetic form.

They give access to assets like gold and silver that the average crypto investor couldn't easily access.

4) 2️⃣ What is @synthr_defi

#Synthr is a synthetic asset protocol that allows users to mint and trade on-chain derivatives of various financial assets.

It uses cutting-edge methods for managing collateral, reducing risk, keeping costs stable and allowing chains to work together.

5) Users will be able to mint, manage, and speculate on synthetic derivative tokens representing any financial instrument in the world using the #Synthr Protocol.

Users will initially put up highly liquid assets like stablecoins or $ETH as collateral to mint these tokens.

6) If you want to mint a #Tesla stock:

Deposit $1,500 stablecoins into a smart contract as collateral.

With this collateral you can receive 1000$ worth of ''syTSLA'' as return.

With stablecoins you need to provide a minimum of 150% collateral.

Want it back? repay your syTSLA

7) To ensure liquidity, #Synthr incentivizes farmers and liquidity providers by sharing:

• Trading Fees
• The $Synth native token

8) #Synthr also allows you to earn yield on your synthetic assets powered by an auto yield optimizer.

Another feature is what they call social trading:

A list of profitable investment strategies that users will be able to utilize.

9) 3️⃣ Tokenomics

$SYNTH will be a deflationary token, ensuring its supply reduces over time whereas demand increases with increased protocol usage.

By incentivizing users to lock up the circulating supply, the demand for $SYNTH will increase and exceed the supply.

10) The main list of benefits for holders include:

• Revenue generation
• Governance
• Voting
• Creating pools

11) 4️⃣ Partners

Since its development #synthr has partnered with lots of notable names.

• A three way partnership with $DFYN and $ROUTE.
• #Sei network.
• Liquidity grand $KAI.
• Liquidity grand $TLOS.
• #Supraoracles integration.

12) 5️⃣ Conclusion

Asset tokenization on the blockchain can be pretty huge.

While there have been attempts to perfect this new niche, the market still lacks an all-around platform.

@synthr_defi is definitely a very strong protocol that could make this happen.

13) I hope you've found this thread helpful.

Follow me
@CryptoGirlNova for more.

Like/Retweeting the first tweet below would mean a lot to me 👇💟

https://twitter.com/CryptoGirlNova/status/1616158778227064832