Synthetics On Burnt Finance

Burnt Finance provide an overview of synthetic asset called bAssets

What are Synthetic Assets?

Synthetics act as financial instruments in crypto that track and provide the returns of another asset without requiring the user to actually hold that asset. Synthetic asset creation on Burnt Finance is cheap, lighting fast, and user-friendly.

Synthetics on Burnt are called Burnt Assets or bAssets short. A multitude of bAssets can be created such as real world stocks, commodities, indices, etc.

About Burnt Finance:

Burnt Finance is the first fully decentralized auction protocol on Solana. Burnt allows users to take auctions into their own hands, enabling the minting and auction of any asset in an entirely permissionless ecosystem. The platform can support auctions for synthetics, NFTs, digital assets, and much more. Given its unique Solana-based architecture, Burnt is able to achieve unparalleled transaction speeds with near zero fees. Burnt is backed by industry leaders such as Alameda, Multicoin, Vessel Capital, Defiance, and Injective Protocol.

INFO:

https://medium.com/burnt-finance/synthetics-on-burnt-finance-f7ceef8999f0