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Synthetic SOL (XSOL) is a decentralized synthetic assets exchange built on the Solana blockchain. It provides users an ultimate trading experience, allowing them to buy, trade, and make money with a wide range of assets. Users can use their favorite assets as collaterals or create synthetic versions of them, including Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Solana (SOL), FTX Token (FTT), stSOL, Avalanche (AVAX), and the US Dollar (USD).
Synthetic SOL leverages the Solana blockchain infrastructure to ensure instant transactions with sub-second settlement times. The platform relies on the Pyth network for reliable price oracles, which provide a constant flow of price updates from trusted parties. With Synthetic SOL, users can access the world of synthetic stocks, cryptocurrencies, and other assets in a decentralized manner without any restrictions.
Synthetic SOL aims to take the composability of DeFi to the next level by offering a user-friendly and non-custodial platform. Users can access the platform on any device, including laptops, tablets, and phones. Synthetify does not hold users’ assets, ensuring that users always retain full ownership of their accounts and synthetic assets. With a growing ecosystem of derivative assets, Synthetic SOL offers users the opportunity to track their statistics and participate in a rewarding process.
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