Blockchain tokens that track the price of real-world assets like stocks, commodities, or currencies without requiring ownership of the underlying asset.
defi
On this page
What are Synthetic Assets?
Synthetic assets (synths) are tokenized derivatives that mirror the price of other assets, stocks, commodities, forex, or indices, without holding the actual asset. They use oracles and collateral to maintain price tracking.
How Synths Work
Users deposit collateral (often stablecoins or native tokens)
Mint synthetic tokens tracking target asset prices
Oracles provide real-time price feeds
Collateral ratio maintained through liquidations
Popular Synthetic Protocols
Synthetix (sUSD, sBTC, synthetic stocks)
Mirror Protocol (mAssets)
UMA (synthetic tokens)
Risks
Oracle manipulation, collateral volatility, and regulatory uncertainty.
Theory meets practice. See current rates across DeFi.
Track live yields, compare protocols, and build your DeFi portfolio with Fensory.