SynthCrypto ETH – Symbol : hETH
This token is a SynthCrypto ETH, it derives its pricing from a composite global pricing of Ethereum 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
- China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision – Regulation Bitcoin News - Bitcoin.com News
- Power plant expansion tied to Bitcoin mining faces backlash in rural Hood County - WFAA.com
- US spot bitcoin ETFs log highest daily inflows in nearly two months as BTC challenges $60000 - The Block
- Does Hong Kong's slow approach to crypto regulation risk stifling digital asset growth? - Cointelegraph
- Crypto Enthusiasts Rally in Detroit for America Loves Crypto Tour Stop
- Crypto millionaire loses $43 million in Ether-Bitcoin trading bet - Cointelegraph
- Pecu Novus Revolutionizing Global Business Through Blockchain Innovation
- Bitcoin network hits record level of power, but falling profits push miners to AI - CNBC
- Bit2Me Expands into Argentina, Securing VASP Approval Amid Latin American Growth
- 5 Cryptos to Outperform Bitcoin in October – Dogen, SHIB, and PEPE Lead the Charge! - Brave New Coin Insights
- 5 US States Settle With GSB Group Over Unregistered Crypto Sales - Bitcoin.com News
- Network Latency Drives Solana Validator to South Africa's Commercial Hub - Bitcoin.com News
- AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation – Technology Bitcoin News - Bitcoin.com News
- Bitcoin reclaims $60K and ‘this time is different,’ says analyst - Cointelegraph
- 12 sentenced in crypto scheme that included violent home invasions, including one in Durham - ABC11 Raleigh-Durham
- CFTC Teams up With SEC to Fight Cryptocurrency Scams - Bitcoin.com News
- Barron Trump, at 18, takes the lead as ‘DeFi Visionary’ in new Trump family crypto platform World Liberty - The Times of India
- German Kraken Users Lose Access to Bitcoin Lightning Network - Decrypt
- What is Barron Trump's weird role in Donald Trump's fishy cryptocurrency venture? - Hindustan Times
- In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance - Bitcoin.com News