Synthetic Staking
  • Page
  • ⚛️What is synthetic staking?
  • ⚖️How does this generate yield?
    • Cash and Carry Arbitrage
    • Hedged Carry Trade
    • Airdrop Farming
    • Depeg Arbitrage
  • 🪙ySOL and yUSD Tokens
  • 🤝Deposit
  • 🙏Withdrawal
  • 📈Pool performance
  • 💸Costs and Fees
  • ⚠️Risks and disclaimers
  • 🏊‍♂️Pool limits
  • 🔮Oracles
  • ❓FAQ
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Oracles

The backing ratio between pool tokens and their underlying assets is maintained on-chain. For example, when 1 ySol is backed by 1.4 SOL, this 1.4:1 ratio is recorded on-chain. By multiplying this ratio by the underlying asset's USD value, Synatra obtains accurate USD pricing for its pool tokens. This mechanism, powered by Switchboard oracles, enables seamless integration with DeFi protocols by providing reliable price feeds.

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Last updated 5 months ago

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