~/talk

Synthetic Assets

on YouTube 21m
Talkat Web3 Summit 2019: Chainlink Oracle HackerNode · 2019-08-19..08-21· [smart-contracts]

speaker

name:Kain Warwick
linkedin:warwick-kain-023a1632

resources

video:https://youtu.be/FCNfHrMpOQM
slides:none on file

summary

Synthetix issues ERC‑20 derivatives by staking SNX in Mintr to mint sUSD and other synths; contracts burn sUSD to create assets on Synthetix Exchange, with ~30 tradable synths now and examples like gold, inverse exchange‑token and plans for Tesla. Collateral is SNX with 750% collateralization target, weekly fee pool plus an inflationary SNX reward that tapers over four years, a 30 basis points fee per trade paid to stakers, a UniSwap bridge with roughly 5000 ETH each side for liquidity, and small live demos showing ~$30k collateral minting ~$4k debt.

AI-written summary · about

chapters (4)

  1. 0:00Start
  2. 5:44Centralized Exchange Token
  3. 7:45Inflationary Supply
  4. 12:34The Impact on a Token Market

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