ZKSynth: A Synthetics Protocol for ZK Ecosystem
Synthetic assets are tokens that track the price of another asset, such as stocks, commodities, currencies, or cryptocurrencies. They allow users to gain exposure to various markets without owning the underlying asset or dealing with intermediaries. Synthetic assets have many applications in DeFi, such as trading, hedging, arbitrage, and portfolio management. However, creating and trading synthetic assets on existing platforms has some limitations, such as:Dependence on centralized oracles or...
ZKSynth: A Synthetics Protocol for ZK Ecosystem
Synthetic assets are tokens that track the price of another asset, such as stocks, commodities, currencies, or cryptocurrencies. They allow users to gain exposure to various markets without owning the underlying asset or dealing with intermediaries. Synthetic assets have many applications in DeFi, such as trading, hedging, arbitrage, and portfolio management. However, creating and trading synthetic assets on existing platforms has some limitations, such as:Dependence on centralized oracles or...
