Table of Contents
- SynthCrypto SLX - Symbol : hSLX
- This token is a SynthCrypto SLX, it derives its pricing from a composite global pricing of SOL in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool w/ USXM tokens 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 SLX – Symbol : hSLX #
This token is a SynthCrypto SLX, it derives its pricing from a composite global pricing of SOL in USD in real time with all transactions occurring on-chain on Pecu Novus. They sit in a liquidity pool w/ USXM tokens 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 #
- This trader turned $6.8K into $1.5M by using a high-risk strategy: Here’s how
- Kroll faces class-action suit as FTX creditors allege daily scam emails
- South Park rips into Trump’s crypto ties in latest episode
- Bitcoin ETFs hit 5-day losing streak but Pomp says Bitcoin is oversold
- 13 wallets made over $24M profit dumping the YZY token, data shows
- Michael Saylor’s Strategy does not ‘move the price’ of Bitcoin — Exec
- US House adds CBDC ban to massive defense policy bill
- CFTC launches second ‘Crypto Sprint’ to advance White House push
- Australia busted 14K scams since 2023 — 21% touted fake crypto
- Bitcoiner loses $91M in social engineering attack: ZachXBT
- Altcoin treasury race: VERB TON acquisition company announces $780M in assets
- Pennsylvania state lawmaker proposes ban on public officials trading crypto
- Ethena crosses $500M in cumulative revenue as synthetic stablecoins gain ground
- US OCC terminates 2022 order targeting Anchorage Digital over AML
- Bitcoin’s $13.8B options expiry puts bulls on edge ahead of key test
- US DOJ official signals department opposes retrial for Roman Storm
- Acting Chairman Pham Announces Next Crypto Sprint Initiative
- SOL chart is the most bullish in crypto right now: Is $260 next?
- State Street becomes first custodian on JPMorgan tokenized debt platform
- $70B DeFi protocol Aave goes live on Aptos in ecosystem expansion