FAQs

Can I create my own synthetic assets on ZKSynth?

Yes, ZKSynth allows anyone to create their own synthetic assets. You can create your own debt pool with synthetics assets of your choice. This feature enables innovation and opens up possibilities for new derivatives and investment strategies. As we are under beta, please contact us on Discord to get started.

What is the advantage of using synthetic assets?

Synthetic assets provide several advantages over traditional financial instruments. They offer exposure to a wide range of assets, including those that may not be easily accessible in certain jurisdictions or for certain individuals. They also provide flexibility in terms of slippage free trading which doesn't require liquidity and allow for the creation of innovative financial products.

How is ZKSynth different from other DeFi derivatives platforms?

ZKSynth stands out for its scalable architecture, which supports an unlimited number of synthetic assets. It also offers capital efficiency, allowing users to create synthetic assets using various types of collateral. Furthermore, ZKSynth has segregated debt pools, reducing risk exposure and enabling customized risk management strategies.

Is my investment in synthetic assets on ZKSynth safe?

ZKSynth is built on a secure and audited smart contract system. However, like any investment, there are inherent risks involved. The value of synthetic assets can fluctuate based on market conditions, and there is a possibility of loss. It's important to conduct thorough research, assess your risk tolerance, and make informed investment decisions.