Beyondfi
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Beyondfi’s Synthetic Exchange seeks to be the most innovative yet user-friendly DEX in the entire DeFi space. While some DEXes are forks of pre-existing protocols and haven’t sought development towards improving user experience, Beyondfi emphasized building an ecosystem as a whole for users through a range of products, starting with our DEX.

What is Beyondfi Synthetics Exchange?

The Beyondfi platform enables the creation of synthetic assets that track the value of assets in the real world. Examples include assets from various asset classes such as fiat, commodities and crypto assets.

What is a synthetic asset?

Synthetic assets allow you to gain the position of holding an asset, without actually holding, regardless of boundaries, limitations, or geographic location. This defines the true nature of DeFi.

How does it work?

To hold or trade synthetic tokens, a USD-based stablecoin is utilized as it is the most referenced source of pricing, a denomination widely accepted in many decentralized platforms.
Our platform uses BYN token, which can be locked to receive the USD-based stablecoin USDb. Users holding USDb can not only take a position with Synthetic tokens, but can earn immediate yield (as they locked BYN), for contributing to the ecosystem of the platform.
All holders share a collateral pool, allowing instant swaps, without a counter-party.
The pool of all collateral holders, BYN holders that is, plays the role of both the issuer & contributor to the platform .
Last modified 2mo ago