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Podcast: Software Engineering Daily
Episode: Synthetix: Derivatives Trading in DeFi with Justin Moses
Description: Volatility is the degree of fluctuation of something’s price. Highly volatile assets may see rapid and large price changes, while less volatile assets will maintain a steady price. This concept is important in decentralized finance because cryptocurrencies tend to be volatile assets. The company Synthetix provides assets called Synths that provide exposure to an asset without holding the underlying resource. For example, you can hold and trade Synths that track the price of USDs, synthetic gold and silver (measured by the ounce), and other currencies and commodities. Users use Synthetix to trade the price equivalents of rea...