Table of Contents
- SynthCrypto ADA - Symbol : hADA
- This token is a SynthCrypto ADA, it derives its pricing from a composite global pricing of Cardano in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool and are used for speculative purposes, hedging and risk management.
- What is a SynthCrypto
- A SynthCrypto, also known as a Synthetic Cryptocurrency, is a digital asset that tracks the price of another asset, such as a digital assets and real-world assets. Synths are created and traded on decentralized exchanges (DEXes) such as HootDex.
- SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. For example, a trader could use a SynthCrypto to trade on the price of a cryptocurrency without having to actually own the cryptocurrency. Or, an investor could use a SynthCrypto to hedge against the price of a real world asset. Learn more here.
- Here are some of the benefits of using SynthCryptos
- Access to a wider range of assets: SynthCryptos allow users to trade and invest in a wider range of assets than would be possible with traditional cryptocurrencies. For example, users can trade on the price of real-world assets without having to actually own those assets.
- Transparency: SynthCryptos are typically backed by collateral that is deposited into a smart contract. This makes SynthCryptos more transparent than some other types of digital assets.
- Flexibility: SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. This makes SynthCryptos a versatile asset class.
- VIEW ALL TOKENS
- LATEST CRYPTO & FINANCIAL NEWS
#
SynthCrypto ADA – Symbol : hADA #
This token is a SynthCrypto ADA, it derives its pricing from a composite global pricing of Cardano in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool and are used for speculative purposes, hedging and risk management. #
What is a SynthCrypto #
A SynthCrypto, also known as a Synthetic Cryptocurrency, is a digital asset that tracks the price of another asset, such as a digital assets and real-world assets. Synths are created and traded on decentralized exchanges (DEXes) such as HootDex. #
SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. For example, a trader could use a SynthCrypto to trade on the price of a cryptocurrency without having to actually own the cryptocurrency. Or, an investor could use a SynthCrypto to hedge against the price of a real world asset. Learn more here. #
Here are some of the benefits of using SynthCryptos #
-
Access to a wider range of assets: SynthCryptos allow users to trade and invest in a wider range of assets than would be possible with traditional cryptocurrencies. For example, users can trade on the price of real-world assets without having to actually own those assets. #
-
Transparency: SynthCryptos are typically backed by collateral that is deposited into a smart contract. This makes SynthCryptos more transparent than some other types of digital assets. #
-
Flexibility: SynthCryptos can be used for a variety of purposes, such as trading, hedging, and lending. This makes SynthCryptos a versatile asset class. #
VIEW ALL TOKENS #
LATEST CRYPTO & FINANCIAL NEWS #
- Rex-Osprey’s XRP, DOGE ETFs ‘no slouch’ with $54M volume on debut
- PayPal expands PYUSD stablecoin to Tron, Avalanche, and 6 other chains
- Nubank plans stablecoin integration for credit card transactions
- London Stock Exchange lists new Bitcoin staking ETP
- Bank of Canada: Implement stablecoin regulatory framework or 'get run over'
- Polymarket odds on CZ presidential pardon surge after X profile change
- Curve Finance community to vote on $60M proposal to make CRV a yield-bearing asset
- Solana’s (SOL) next stop could be $300: Here’s why
- Coinbase taps DeFi to offer up to 10.8% yield on USDC holdings
- Are crypto wallets becoming the control centers of our digital lives?
- US lawmakers challenge SEC on Tron IPO, press for probe into Justin Sun
- Chainlink sees best performance since 2021 as cup-and-handle targets $100 LINK
- US, UK to collaborate on AI, quantum computing, nuclear energy development
- Sports group Brera pivots to crypto, rebrands with $300M for SOL treasury
- Grayscale prepares to stake Ether holdings amid shifting SEC stance — Arkham
- Bitcoin has 70% chance of hitting new highs in 2 weeks: Analyst
- Bitcoin repeats May breakout move as analysis expects $118K showdown
- Is SOL next? Solana is copying BNB's price climb to new record highs
- Smart money is betting on DePIN across emerging markets
- How to use ChatGPT for real-time crypto trading signals
