#DappLibrary #35: @DEXYNTH@yashjhade meets Samy & Gush to learn about the DeFi synthetics trading protocol providing exposure to 100+ synthetic asset pairs including forex, stock, commodities, index & crypto using a USDT counterparty vault.
Tune in ⏩ https://t.co/llzr0mw5dL
🤖SYNTHETICS TRADING 101🤖
No matter who you are*. Wherever you are from.🌏
*nfa. we cannot be held responsible for the accidental mis-clicking made by your beloved pets.
#synthetics#trading
📢 zkSync BETA TESTNET ANNOUNCEMENT 📢
It's faster. It's better. It's beautiful... It's @zksync !
DEXYNTH is proudly announcing the next era on our beta testing platform!
Crypto, forex, indexes, stock, commodities and even NFTs. Leveraged trading up to 1000x without KYC.
It's open for everyone. Join our Discord and try it out!
https://t.co/43cvHmwHt5
#synthetics #defi #trading #testnet
3/4 🏦DEXYNTH USDT Vault🏦
If a trader experiences a loss, the collateral is added to the USDT pool, resulting in "Overcollateralized" state. In the event of this occurrence, automatic buyback and burning of $DEXY will be triggered.
#DeFi#Trading
2/4 🏦DEXYNTH USDT Vault🏦
Whenever there are trades, a portion of the trading fees is gathered into the USDT pool. These fees are then distributed proportionally among dUSDT holders, resulting in the Real-Yield APR.
#DeFi#Trading#RealYield
1/4 🏦DEXYNTH USDT Vault🏦
Let's take a deep dive into how it works!🧐
This vault caters to all the trading pairs on the platform. When you deposit USDT, you'll receive the same amount of dUSDT yield-bearing token that can be utilized to leverage your position.
#DeFi#trading
4/4 🏦DEXYNTH USDT Vault🏦
Whenever a trader profits, the payout amount is subtracted from the USDT pool. If many trades are successful, it may lead to the vault being "Undercollateralized." To rectify this issue, the protocol will sell $DEXY OTC to refill the USDT pool.
#DeFi
Welcoming @DEXYNTH to Shardeum ecosystem 🚀
DEXYNTH is a DeFi synthetics trading protocol focused on providing exposure to 100+ synthetic asset pairs including forex, stock, commodities, index, crypto & NFTs using a USDT counterparty vault.
Read more ↘️
https://t.co/CWmf5KZ0Vc
We have a big name coming in! Can you guess who it is? 💭
Hint 1: He has worked closely on promoting #SDGs.
Hint 2: He champions #diversity and inclusion.
Hint 3: He has donated $3 million to build a hospital in his homeland.
The wait is finally over!
5ire is happy to announce the launch of our utility #5ire Token. We've reached here, thanks to your unwavering support.
Let's build the sustainable blockchain movement together.
🗓 15th Dec 2022
Read The Complete Article Here⬇️
https://t.co/8aYbWMVk0n