Synthetify (SNY)価格

The Synthetify protocol allows users to create, exchange, and burn synthetic assets using a decentralized system of oracles. The exchange on Synthetify is executed against a public debt pool, which provides almost infinite liquidity and zero slippage even during large trades. Participants of the debt pool earn exchange fees for acting as counterparties during trades and need to hold sufficient collateral in Synthetify tokens (SNY) to ensure platform stability.

SNY is used as collateral for creating synthetic assets on Synthetify and provides discounts for performing swaps on the exchange. In the future, SNY is expected to represent votes in governance decisions.