FABRIC is a ground-breaking synthetic asset issuance protocol that fully operates on the Solana platform. The uniqueness of FABRIC lies in its design that allows synthetic assets to be collateralized by FAB tokens and other compatible collateral tokens. To facilitate the issuance of these synthetic assets, termed as SPL Synthetics, these tokens are necessarily locked in a collateral pool.
Interaction with FABRIC Protocol
Users have the freedom to interact directly with the FABRIC protocol. This direct interaction eliminates the need for intermediaries and mitigates common issues observed on exchanges like liquidity or slippage problems. It's a significant advantage for users and contributes immensely to the seamless user experience.
Trading of SPL Synthetics
The next phase commences once the SPL Synthetics are minted. Post-minting, users can trade these synthetic assets on the Serum DEX, furthering the possibilities of their investment and trading strategies. This trading aspect propels FABRIC's worth in the crypto ecosystem and makes it an attractive protocol for users.
FABRIC: Revolutionizing Synthetic Asset Issuance
Summing up, FABRIC is revolutionizing the world of synthetic asset issuance through its unique design and user-friendly features. By operating on the robust Solana blockchain and providing an easy-to-use interface for direct interaction, FABRIC is setting new standards in the cryptocurrency domain.
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