Token Platform



IDO Platform

  • AcceleRaytor
Synthetify is a simple, decentralized protocol for synthetic assets built on Solana
$ 0.424 -0.38%
Synthetify Market Cap

$ 80.43K

24h Trade Volume

$ 8.13K

Change 24H


All-Time-High (ATH) ROI

4.95 X

Synthetify's current price is $ 0.424, it has dropped -0.38% over the past 24 hours. Synthetify's All Time High (ATH) of $ 7.44 was reached on 9 Sep 2021, and is currently -94.3% down. The maximum supply of Synthetify that will ever be issued is 100.00 Millions tokens, and the current supply of SNY in circulation is 11.56 Millions tokens. Synthetify’s 24 hour trading volume is $ 39.23 Thousands. It is traded on 4 markets and 3 exchanges, the most active of which is Synthetify's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 4.90 Millions. You can find more details about Synthetify on its official website and on the block explorer.What is SynthetifySynthetify is an upcoming synthetic assets platform, fully built on the Solana blockchain.The platform aims to provide a bridge between cryptocurrencies, stocks, fiat currencies, and other financial instruments directly from one decentralized exchange.Synthetify solves critical problems seen on other Synthetic assets platforms like: high fees, long confirmation times and losses caused by arbitrage during sharp market moves.Synthetify will introduce it's own token that will act as collateral for synthetic assets, reduce fees on Synthetify and hold voting power during governance decisionsThe Synthetify protocol enables creation, exchange and burn of synthetic assets based on prices provided by a decentralized system of oracles.On Synthetify, exchange trading is executed against the public debt pool that allows for almost infinite liquidity and zero slippage even during big trades. Participants of the debt pool earn pro-rata exchange fees for acting as counter-parties during trades. Debt pool participants need to constantly hold sufficient collateral in Synthetify tokens (SNY to ensure platform stability.Synthetic AssetsSynthetic assets created on Synthetify exchange will strictly track the price of underlying assets provided by decentralized oracles. All synthetic assets are SPL-token based and will act just like all other Solana based tokens. This will enable further usage on other platforms like AMMs with almost frictionless integration. Debt pool participants need to burn synthetic assets to improve their collateralization ratio or to free up collateral.StakingUsers who lock their SNY tokens and mint synthetic assets incurring exchange debt are called Stakers. Stakers benefit from trading on Synthetify Exchange thanks to accruing pro-rata exchange fees from each transaction. All Stakers need to maintain a sufficient collateral ratio or part of their collateral can be liquidated to ensure network safety. Collateral is dependent on the price of SNY token and debt is calculated based on their share of debt of the entire platform.TradingTraders use Synthetify to swap between different synthetic assets. Traders do not need SNY tokens to perform trades but holding SNY reduces fees charged on asset swaps. Only swaps between synthetic assets are permitted on Synthetify based on current prices provided by the oracle. Some assets have a limited supply that can be minted.LiquidationTo ensure platform stability, undercollateralized Stakers can be liquidated, and part of their collateral will be transferred to Liquidators in exchange for paying back part of the Staker debt. Liquidation includes penalties of 80% that is transferred to Liquidators and 20% to an Exchange owned account to improve platform stability.
Exchange Pair Last Price Change (24H) High (24h) Low (24h) Spread Volume (24h) SNY/USDT $ 0.426 +0.35% USDT 0.426 USDT 0.424 0.211% $ 16,229 FTX Spot SNY/USD $ 0.423 -0.83% N/A N/A 0.353% $ 127 Raydium SNY/RAY 0.01 % 0 0 0 % 1