1.3 Synthetic Asset
Dogeforth is a synthetic asset. A Synthetic Asset is a financial instrument that is engineered to simulate other instruments while altering key characteristics. Essentially, a synthetic asset simulates market patterns of another asset. In the case of Dogeforth, its underlying asset would be Dogecoin. This allows users to speculate on Dogecoin without having to invest in the asset itself.
Last modified 6mo ago
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