Thorchain Synths Are Going to Change the Way We View DeFi

Thorchain Synths are a new protocol that was recently added to stage net. This means they're being actively tested by the Thorchain Community and Ecosystem.

What's fascinating about synths - and what we talk about in this video - is that it adds the ability to single-stake assets on Thorchain.

Imagine a world where you can add only BTC to a vault - NATIVE BTC - and earn yield on that BTC from trading fees + RUNE rewards.

There is no impermanent loss in this scenario. You're only exposed to the price of BTC (in USD terms of your position).

This doesn't exist today. The closest we have are single-stake vaults for wrapped versions of BTC. These vaults don't add liquidity to trading pools either, they simply are paid out via inflationary mechanisms.

Thorchain is about to change the world of DeFi - yet again. This is one of the most exciting new features they're getting ready to unleash this year!

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