Fantasm Finance price

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With the Fantastic Protocol, we introduce a decentralized solution by adopting a partial collateralized design, where Fantastics's synthetic tokens are partially backed by a L1 token and partially by our native token.

In the broadest sense, synthetic assets are a type of financial derivatives giving its owner exposure to an underlying asset without having to actually hold it. A synthetic asset is simply a tokenized derivative that mimics or mirrors the value of another asset. Imagine that you want to trade Gamestop stocks without holding the $GME asset itself. Or, do you want to gain exposure to S&P500 index movements without having to hold the underlying basket of stocks? No problem. What about gold and silver? Yes. How about…something more exotic like becoming a Bitcoin miner without owning any hardware but simply by holding the right synthetic asset. Well, all this already exists, and it's the evolution for many asset classes that wish to gain exposure to the decentralized and tokenized world of cryptocurrencies.