SNY Synthetify

Synthetify protocol enables creation, exchange and burn of synthetic assets based on prices provided by a decentralized system of oracles. On Synthetify exchange trading is executed against the public debt pool that allows for almost infinite liquidity and zero slippage even during big trades. Participants of the debt pool earn pro rata exchange fees for acting as counterparties during trades. Debt pool participants need to constantly hold sufficient collateral in Synthetify tokens (SNY) to ensure platform stability.

Synthetify (SNY) is anticipated to hold the following utility:

• Collateral for creation of synthetic assets on Synthetify.
• Discount for performing swaps on Synthetify.
• In the future SNY will represent vote in governance decisions.