Category: synths

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Synthetic asset protocol for Polygon raises $1.5M from major investors

Polysynth aims to support trading for 100,000 different synthetic tokenized assets through its “virtual market maker” protocol. Polysynth, a Polygon-based synthetic asset platform, has secured investments from a number of DeFi venture capital firms and angel investors. The team announced a $1.5 million funding round as part of its seed round on Nov. 15, revealing…
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Synthetic FAANG stocks are trading in DeFi — but do gas fees make them uncompetitive?

Sky high gas prices may make synths more costly than the real thing. Decentralized finance protocol Kwenta has launched a series of synthetic tokens for popular stocks — but current gas prices could make trading them more expensive than buying the real thing. In a blog post on April 23, derivatives trading protocol Kwenta —an…
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