Synthesis bank protocol issuing and trading digital assets based on ethereum smart contract. Digital asset are an ERC-20 Tokens which tracks the price of an external asset , such as: Forex, Crypto, Stocks, Index, Commodity, etc. Composed by smart contract infrastructure, ETH acts as collateral in a pool.
The resulting network of tokens supports an extensive set of use cases including trading, loans, payments, remittance, eCommerce and many more.
All digital assets are backed by ETH. Digital Assets are minted when stake their ETH as collateral with a decentralised application for interacting with the synthesis bank smart contracts. Digital Assets are currently backed by a collateralisation, is also currently trialling USDT and DAI as an alternative form collateral.