Digital Moneys Crypto exchange bitcoin ETH DeFi information

What is sUSD ?

sUSD (ERC-20) is a synthetic asset token tracking real USD price via Synthetix protocol. sUSD tracks the price of a single US Dollar (USD). sUSD can be traded peer-to-contract (P2C) against other synthetic assets (Synths) in the Synthetix protocol. This novel trading mechanism allows trading without slippage or liquidity limitations. The price of Synth is obtained from oracle's feed. Synthetix mainly uses its partner Chainlink's oracle service currently. Latest public [audit reports](https://docs.synthetix.io/contracts/audits/) are provided by iosiro & Sigma Prime.

Location Distributed
Digital Journal
Crypt Info and DeFi Protfolio Download