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What Are Synthetic Assets in DeFi? Synthetic assets are digital tokens that represent real-world assets such as commodities, fiat currencies, stocks, or even cryptocurrencies. They derive their value from the underlying assets without requiring physical ownership. For instance, a synthetic token could track the price of gold, enabling users to trade gold on a blockchain. These assets are powered by smart contracts and collateralized pools, ensuring transparency and automation in financial operations. For More Queries and Relevant Information on our Software Development Services, Reach out to our Experts through my Profile.
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