LemmaSwap
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  • Concepts Overview
    • 💵USDL
    • ⚙️Synthetic Tokens
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    • 🚩Additional Risks
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  1. Concepts Overview

Synthetic Tokens

LemmaSwap synthetic tokens are yield bearing ERC20s backed by spot assets and/or long perpetual positions with no leverage. For example, a synthetic ETH (ETH*) can be backed by a long ETH/USD perpetual futures position and/or spot ETH.

There are two ways of minting synthetic tokens:

  • Deposit a spot asset. LemmaSwap will keep the asset in a collateral pool and mint a corresponding synthetic token.

  • Deposit USDC. LemmaSwap will use the USDC to go long with no leverage on a user chosen asset’s perpetual market and mint a corresponding synthetic token.

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Last updated 2 years ago

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