Originally published in the NOWNodes blog.The concept synthetic asset refers to a collection of assets that have the same value as another asset. Traditionally, synthetic products combine various derivatives \u2014 options, futures, or swaps \u2014 that mimic the underlying asset \u2014 stocks, bonds, commodities, indices, currencies, or interest rates. Also we\u2019ve discussed crypto derivatives in one of our previous articles.For instance, instead of buying a stock, an investment firm might buy a call and sell a put on the same stock. The use of synthetic assets here allows the firm to use multiple financial instruments rather than one investment asset.Crypto synthetic assets aim to provide users with access to many different assets without having to hold the underlying asset. This can be anything from fiat currencies like the US dollar or Japanese yen, to commodities like gold and silver, as well as index funds or other digital assets.By using these unique synthetic assets, investors can own tokens that track the value of certain assets without having to leave the cryptocurrency ecosystem. Cryptocurrency synthetic assets also offer users all the benefits of decentralization, as they are open to all users abroad using secure smart contracts and other tools, and the data is stored in distributed ledgers.Synthetix is \u200b\u200ban Ethereum-based platform that allows investors to create and sell \/ buy synthetic cryptocurrency on their peer-to-peer platform. This allows users to access synthetic products that simultaneously give them access to non-cryptocurrency assets such as gold, US dollars and stocks. There are currently over $500 million worth of synthetic derivatives contracts concluded.Synthetix currently has three decentralized applications: the Synthetic exchange, Mintr, which allows users to bet the native SNX token so they can earn commission and monetize Synths, and a dashboard that provides an overview of the entire Synthetix network. The Synthetix team has\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Originally published in the NOWNodes blog.The concept synthetic asset refers to a collection of assets that have the same value as another asset. Traditionally, synthetic products [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2468"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/comments?post=2468"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/posts\/2468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media\/2469"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/media?parent=2468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/categories?post=2468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ru\/wp-json\/wp\/v2\/tags?post=2468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}