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Description

Experience the benefits of borrowing without the burden of monthly payments. Our innovative approach involves developing cutting-edge open-source applications that facilitate access to the Arkadiko protocol. By collateralizing your STX tokens, you can mint our stablecoin USDA, which serves as a valuable resource for yield farming. Additionally, you can trade your preferred tokens on the Arkadiko decentralized exchange, all built on the robust Stacks blockchain. Stake your DIKO tokens to earn rewards, receiving stDIKO in return, which grants you a voice in governance voting. Participate in shaping the future of the protocol by voting on proposals, including adjustments to risk parameters for Arkadiko collateral types. As a decentralized and transparent DAO, Arkadiko is committed to open development, with all our code available under the GPLv3 license. Join us in revolutionizing finance on Stacks and Bitcoin, enhancing liquidity through a stablecoin soft-pegged to the US Dollar while preserving exposure to your original assets. Your STX tokens not only generate yield but also facilitate the automatic repayment of the USDA loan over time, ensuring a seamless borrowing experience. Engage with our community and contribute to the evolution of decentralized finance.

Description

Synthetix is a protocol for the issuance of decentralized synthetic assets operating on the Ethereum blockchain. These synthetic assets, known as Synths, are backed by the Synthetix Network Token (SNX), which, when locked within the contract, allows for the creation of these assets. The model of pooled collateral permits users to exchange Synths directly through the smart contract, eliminating the necessity for counterparties. This innovative approach addresses common problems such as liquidity and slippage that decentralized exchanges often face. Currently, Synthetix provides synthetic representations of fiat currencies, cryptocurrencies (both long and short), as well as various commodities. SNX holders are motivated to stake their tokens, as they earn a proportional share of the fees accrued from transactions on Synthetix.Exchange, reflecting their stake in the ecosystem. This right to engage with the network and earn fees from Synth transactions contributes to the intrinsic value of the SNX token. Notably, traders do not need to hold SNX in order to participate in trading on Synthetix.Exchange, enhancing accessibility for a broader audience. By doing so, Synthetix opens the door for more users to engage in trading without needing to invest in the underlying token initially.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

1inch
1inch Wallet
Armor.Fi
Bitcoin
Blocknative
CoinLedger
Crypto APIs
Enzyme
Hiro Wallet
Kriptomat
Ledger Nano X
PieDAO
Stacks
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

Integrations

1inch
1inch Wallet
Armor.Fi
Bitcoin
Blocknative
CoinLedger
Crypto APIs
Enzyme
Hiro Wallet
Kriptomat
Ledger Nano X
PieDAO
Stacks
Token Terminal
Tradesilvania
Ubeswap
YouHodler
vfat.tools

Pricing Details

Free
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Arkadiko

Country

United States

Website

arkadiko.finance/

Vendor Details

Company Name

Synthetix

Founded

2017

Country

Australia

Website

synthetix.io

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