【This repos is dApp for derivative swap by using UMA's Priceless Synthetic Tokens】 ・One of UMA's Priceless Synthetic Tokens feature is tracking price of various assets. That is able to track price not only cryptocurrency, but also stock prices(Such as the stock price of TSLA, etc...) and commodity prices(Such as the commodity price of Oil) ・Following a feature above, I have tried to build derivative swap to trade various assets which are created by using UMA's Priceless Synthetic Tokens. ・It has potential to be involved stock and bond and commodity into DeFi(decentralized finance) market and be able to trade them with various pair. In case it is realized, it can bring more liquidity and connectivity (between crypto assets and traditional assets) into DeFi market.
How It's Made
This project is implemented and integrated with below. But both of status has been in progress. ・Creating UMA's Priceless Synthetic Tokens：Use the repos of UMAprotocol/protocol/core ・Trading UMA's Priceless Synthetic Tokens as derivative：Use the repos related to Uniswap ・Frontend：Use react.