SORA Synthetic JPY

XSTJPY

The SORA community is excited to announce the release of SORA Synthetics (XST), a groundbreaking advancement that brings more than 30 new synthetic assets to the SORA ecosystem. XST is a platform for synthetic assets on SORA. Synthetic assets that are fully collateralized on-chain, but are linked to off-chain indices allows a multitude of composable DeFi operations that are completely censorship-resistant. The integration of SORA Synthetics (XST) has been made possible through a pivotal partnership with Band Protocol Oracle Blockchain. This collaboration ensures accurate and reliable data feeds, a crucial element for the functioning of synthetic assets. Synthetic assets can only be exchanged through the XST liquidity source or XSTUSD-based pairs.