♻️THORSynths (Deprecated)

Synthetic Assets ("Synths") are a new all-in-one DeFi primitive built on THORChain.

THORSynths update:

Following the default of the THORFi Lending and Savers (Earn) products in 2025, THORChain Synth assets are also deprecated. THORChain protocol has undertaken a multi-phase effort to restructure and resolve outstanding claims. For more context, please see: THORFi Unwind article and claim your $TCY token.

What are Synthetic Assets (“THORSynths”)?

Synthetic Assets (“Synths”) on THORChain, are now natively integrated into THORSwap’s feature set. Synthetic Assets (“Synths”) are a collateralized representation of an asset on THORChain. These derivatives of cryptocurrencies such as Bitcoin, Ethereum, etc will always have the same value as the original asset.

Unlike Wrapped Assets, THORChain Synths are backed by THORChain Liquidity Pools, which contain 50% of the original asset and 50% $RUNE. THORChain Liquidity Pools ensure that the synth price always remains 1:1 with the native token price. Collateralization via pool ownership ensures always-on liquidity and pricing. In short, there is always a direct correlation between the Synth and the Assets which are being secured.

1️⃣Benefits & Use Cases2️⃣How it works3️⃣Risks

FAQs:

📖THORSynths 101

• Read more about the specifications of Synthetic Assets on THORChain here.