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Synthetic Assets In DeFi
Synthetic assets play a critical role in decentralized finance. Crypto synths are tokenized derivatives, which are contracts that derive value depending on the performance of their underlying asset or group of assets. DeFi derivatives rely on blockchain and smart contracts to track prices and provide returns.
Synthetic assets have several use cases:
- Manage risks associated with the volatility of cryptocurrencies.
- Increase investment opportunities.
- Enable exposure to the market.
The trading volume of decentralized derivatives is growing year over year.
At Definme, we have broad experience in DeFi synthetic assets implementation, and we are ready to provide our knowledge and skills to help you develop your solution.
Our Decentralized Synthetic Assets Development Services
We provide a range of decentralized synthetic assets implementation services to help you unlock the potential of DeFi derivatives for your business.
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Synthetic Tokens Development
Develop a DeFi synthetic token to offer users a new financial instrument for investments, staking, trading, and beyond. We offer liquid staking derivative token development, governance token development, real asset tokenization, and more.
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Derivative Protocols Development
Decide your solution from the various types of derivative products our team delivers: derivatives exchange apps, staking protocols, token issuance platforms, and more.
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Price Oracles Development
We will help you create secure price oracles for your decentralized derivative protocol to allow smart contracts access off-chain information.
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Multi-Chain Wallet Development
Build a secure multi-chain crypto wallet to allow users to store multiple cryptocurrencies across different blockchains, easily make transactions, and view their balance.
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Dashboard Development
Create a custom interactive dashboard for your decentralized derivative protocol. Designers and developers at Definme will help you offer users a tool that displays real-time data and analytics clearly.
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Decentralized Governance Development
Build a governance token and a DAO to enable economic incentivization and transparent communication between your community members.
Unlock the potential of Ethereum for your business with the help of our experts.
Benefits of DeFi Synthetic Assets Development
The DeFi derivatives market is growing and evolving to meet customers' demand for new products. Now it's time for you to build a strategic plan for your DeFi derivative and launch a forward-looking solution. Our DeFi synthetic assets development company will help you take advantage of this revolutionary asset class.
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Stay relevant in the fast-paced DeFi market.
Adopt new trends to grow your business. DeFi derivatives are gaining traction as the migration toward decentralization has started.
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Provide trading accessibility.
Allow users to gain exposure to financial assets without actually owning them through tokenization.
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Offer a disruptive product to users.
Leverage blockchain technology and smart contracts to build a product that automates trading and provides better efficiency.
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Expand your business scope.
Reinvent your business by launching an innovative product, and grow a strong customer base.
Start developing your Web3 app with Definme, and ship it to the market faster.
Why Definme?
- Proven Track Record
We have a proven track record of DeFi synthetic assets development projects on top of different blockchains; Ethereum, Tron, Solana, Avalanche, etc.
- Passion for DeFi
We believe in the power of DeFi and its transformative role. Having the drive to build meaningful DeFi solutions, our developers will help you find answers to complex solutions.
- Collaborative Culture
We hold clear and transparent communication to ensure that your needs are being met.
What Tech Stack We Work On
Earn the first mover advantage. Launch a breakthrough solution faster with the help of our experts.
Our Results So Far
6+
Years of experience
20+
Projects developed
600M+
Capitalization of built projects
FAQ
If you didn't find your answer here feel free to contact us!
What is a synthetic token?
Synths or synthetic tokens are derivatives that mimic prices of other assets, such as cryptocurrencies, commodities, stocks, etc. They enable exposure to underlying assets without requiring direct ownership.
DeFi synthetic assets use public blockchain networks and smart contracts to make the trading of derivatives accessible to everyone without needing a third party.
How do synthetic tokens work?
Users provide collateral to a derivatives protocol to receive synthetic assets. The protocol uses smart contracts and blockchain oracles to convert off-chain data into on-chain data.
Smart contracts follow the logic written in the code and perform actions accordingly.
What are the types of DeFi derivatives?
DeFi synthetic assets fall into four categories: futures, forwards, swaps, and options. Futures and forwards are agreements to buy or sell an asset at a decided price at a certain date in the future. The difference is that futures are listed on an exchange, while forwards are traded directly between two parties.
Swaps allow parties involved in an agreement to exchange cash flows or liabilities from different assets. Swaps don't have expiration dates and allow buyers and sellers to offset risks. Options allow the option holder to buy or sell the underlying asset at a specified value.
What are the most popular crypto synthetic asset protocols?
Among the most popular synthetic assets are Synthetix, Nexus Mutual, dYdX, Mirror, and MakerDAO.
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