Synthetic is a protocol for issuing and trading synthetic assets based on Ethereum. Synthetic assets, synthetic tokens or synth are RC20 tokens that track the price of an external assets. It consists of smart contracts and a set of incentives, the value of the network token also acts as collateral, for the production of a synthetic asset, a lock of the proportional value of SNX is required, which allows you to instantly convert between synthetic assets without the problems with liquidity and slippage that other decentralized exchanges. The resulting token network supports a wide range of use cases, including trading, loans, payments, money transfers, e-commerce, and more.

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Synthetix

Synthetix is a protocol for the release of synthetic assets on the Ethereum blockchain. The project supports the idea of stablecoins by adding the ability to create a digital copy of any asset. The sUSD is a digital copy of the US dollar.

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ERC-7412: On-Demand Off-chain Data Retrieval

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We’re interested in feedback on ERC-7412, a draft standard I put together with @klbyte : https://t.co/86OTKqDGR5

It includes an economic incentive for oracles, can be used for price feeds + pool synthesis on @synthetix_io , and enables scalable cross-chain protocols of all kinds.

We're interested in feedback on ERC-7412, a draft standard I put together with @klbyte :.