This is really cool. However, the app should explain how it works, otherwise it's very confusing. I think it's a custodial service which uses hedged positions on kollider.xyz to create synthetic assets, i.e. synthetic USD contains equal size long and short positions on BTC, which keeps it pegged to USD.
This is really cool. However, the app should explain how it works, otherwise it's very confusing. I think it's a custodial service which uses hedged positions on kollider.xyz to create synthetic assets, i.e. synthetic USD contains equal size long and short positions on BTC, which keeps it pegged to USD.