Synthereum Manifesto
Recently we published the Synthereum Manifesto, a research paper that gives a high overview of Synthereum and some of the use cases that will generate cash flows.
You can read the full manifesto here:
Synthereum is a protocol on Ethereum which allows anyone to issue synthetic assets tracking the price of both traditional and financial assets.
A synthetic asset only tracks the price of another asset, the value is derived by the trust that the collateral value behind each synthetic asset is greater than the one of the said asset.
The paper is divided into two parts:
First part: the protocol
- Before diving into the protocol, we first introduce many key differences between synthetic and tokenized assets.
- We also take a look at the minting approach of the said synthetic assets, comparing self-minting versus minting against a liquidity pool.
- We explain how does Synthereum work, from issuance to liquidation and the risks associated with it.
- We compare Synthereum with existing synthetic assets issuance solutions.
- We also outline the overall Synthereum roadmap.
Second part: use cases
- The first use case features risk reduced long/short trading and stablecoin farming. It will particularly interest Forex traders as well as stablecoin farmers.
- The second one features risk reduced short position for LPs on Synthereum. This use case is for more savvy investors who wants to provide liquidity to Synthereum.
- The third one is by far our favourite: an elegant solution for doing atomic swap between Synthereum and other protocol that could play a pivotal role in bringing DeFi and crypto to more people, and fix many market inefficiencies.
Pascal (pscltllrd on Twitter).
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