### What is Synthetify?

Synthetify is a decentralised synthetic asset issuance and trading platform built on the Solana blockchain. It serves as a bridge between cryptocurrencies, stocks, fiat currencies, and other financial instruments directly from one decentralised exchange.

### How does Synthetify work?

Synthetify operates as a decentralised protocol that allows the creation, exchange, and burning of synthetic assets. This is facilitated via prices provided by a decentralised system of oracles. The platform is powered by the Solana blockchain, which uses a Proof of Stake (PoS) consensus mechanism, and incorporates smart contracts to ensure a non-custodial and decentralised trading experience.

### What are the potential use cases for Synthetify?

The potential use cases for Synthetify include:
- Creating synthetic assets that mirror real-world assets like stocks, fiat currencies, commodities, and cryptocurrencies.
- Decentralised trading of these synthetic assets with minimal fees and instant transactions.
- Providing arbitrage opportunities due to price differences between synthetic and real assets.
- Offering leverage trading up to 1.95x for long and short positions of synthetic assets.

### What is the history of Synthetify?

Synthetify was launched in 2020 by a team of blockchain developers led by CEO Norbert Bodziony in Poland. It was developed to manage synthetic assets on the Solana blockchain, marking its launch as one of significant milestones. Since its inception, Synthetify has integrated with leading DeFi applications like Serum and Raydium, establishing itself as a prominent decentralised synthetic asset platform.

Synthetify

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