💡What is a Synth?

A synthetic asset, or "synth", is a token deployed on the blockchain, which mimics a pre-determined underlying asset.

Synthetic Asset: a token on the blockchain that can simulate any and all asset classes such as cryptos, commodities, stocks, ETFs, and other financial instruments, but also exotic investments like collectibles.

For the synthetic assets to keep track of the underlying assets, AudaSynth relies on a programmable and centralized entity called "Oracle", which assigns to the synth an accurate pricing model based on a combination of real-time market data and algorithms.

At the beginning the Oracles are an off-chain centralized entity, but AudaSynth's vision is to develop fully regulated decentralized on-chain solutions in order to open programmable finance to third-parties in a legal and safe manner.

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