Part 1 explained lending protocols. In part 2 of our series, we want to make sense of synthetic assets on Ethereum 📊 — In our DeFi Explaind series, we deconstruct open finance applications. In today’s part 2, we want to find out what synthetic assets are, how they can be useful. We’ll also find differences in current applications on Ethereum. Note, that we won’t look into Bitcoin futures and such.