tASSET - ExoniumDEX Synthetics
Our synthetic asset feature is a protocol powered by smart contracts that enables the creation of synthetic assets called tAssets. tAsset mimic the price behaviour of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets.
The minting of tASSETs is decentralized and is undertaken by users throughout the network by opening a position and depositing collateral. ExoniumDEX ensures that there is always sufficient collateral within the protocol to cover tASSETs, and also manages markets for tASSETs by listing them against tDOLLAR.
tEXO is minted by the protocol and distributed as a reward to reinforce behaviour that secures the ecosystem. With it, ExoniumDEX ensures liquid tASSET markets by rewarding tEXO to users who stake LP Tokens obtained through providing liquidity. tEXO is valuable as it can be staked to receive voting privileges and to earn a share of the protocol's CDP withdrawal fees.
ExoniumDEX is a project developed and steered by its community: its markets are maintained by its own users through tEXO incentives, and the protocol evolves with new ideas through democratic governance.
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