Shardeum is thrilled to welcome DEXYNTH to its ecosystem. DEXYNTH is a DeFi synthetics trading protocol focused on providing exposure to assets that may be difficult to access otherwise. It will allow trading of more than 100 synthetic asset pairs including forex, stock, commodities, index, crypto, and NFTs using a USDT counterparty vault instead of specific liquidity for every asset. Low volatility and classic trading assets such as forex, stocks, or commodities not traded massively in the crypto environment would attract much more trading volume, as per DEXYNTH. It also uses real-yield staking which can provide rewards in the form of stablecoins.
Via the integration, Shardeum users will be able to trade multiple assets – not available on almost any other blockchain – on DEXYNTH’s very unique protocol. It also plans to integrate a (real-yield) DEX to have a high-leverage derivatives platform with stablecoin having APR and more.
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Last Updated on August 18, 2023