Hi Kerman, I'm working on a project on UMA protocol and for this reason they have two types of synthetic assets: Expiring and Perpetual. Perpetual cannot be redeemed except when market price diverges from target price, in a sort of arbitrage mechanism. Expiring synthetic assets can only be redeemed after the expiry period.
Hi Kermann, when you said "However, if you purchase the synthetic asset that doesn’t mean you can redeem it against the underlying collateral." can you eloborate a bit?
Also can you reword you main question from the email as well? I'm working on a concept that involves crypto synthetics right now and if I understand correctly, it's an interesting question you're asking.
Hi Kerman, I'm working on a project on UMA protocol and for this reason they have two types of synthetic assets: Expiring and Perpetual. Perpetual cannot be redeemed except when market price diverges from target price, in a sort of arbitrage mechanism. Expiring synthetic assets can only be redeemed after the expiry period.
Hi Kermann, when you said "However, if you purchase the synthetic asset that doesn’t mean you can redeem it against the underlying collateral." can you eloborate a bit?
Also can you reword you main question from the email as well? I'm working on a concept that involves crypto synthetics right now and if I understand correctly, it's an interesting question you're asking.