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Synthetify
SNY

About Synthetify

Synthetify is an upcoming platform for synthetic assets, built entirely on the Solana blockchain. Its goal is to create a bridge connecting cryptocurrencies, stocks, fiat currencies, and other financial instruments directly through a decentralized exchange. Synthetify addresses major issues faced by other synthetic asset platforms, such as high fees, lengthy confirmation times, and losses from arbitrage during rapid market movements. The platform will introduce its own token, serving as collateral for synthetic assets, reducing fees on Synthetify, and providing voting power for governance decisions. The Synthetify protocol allows for the creation, exchange, and burning of synthetic assets based on prices sourced from a decentralized oracle system. On Synthetify, trading is conducted agains...

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