✨Benefits of Synths

Benefits of holding a synthetic token

Synthetics allow the users to expose themselves to a certain price movement without the need to hold the underlying asset. Users can enter a position (long or short) based on their price expectations either for hedging against a certain event or for the purpose of price speculation.

Hedging: taking a position in an asset or investment that reduces the price risk of another position.

Why not just buy the underlying asset? The main and largest advantange of not holding the underlying asset is allowing the user to reduce the fees associated with the asset (for example the management fee associated with a long position in physical gold or a related ETC/ETF).

In addition, AudaSynth charges lower trading fees compared to average synthetic assets competitors, so users can expect lower costs compared to other trading solutions.