How to Use Synths
A Synthetic Option is a proprietary trading algorithm that attempts to replicate the economic performance of a traditional option.
Last updated
A Synthetic Option is a proprietary trading algorithm that attempts to replicate the economic performance of a traditional option.
Last updated
Synthetic Options allow you to take a leveraged bet on the future price of an asset with zero liquidation risk, offering far greater flexibility and capital efficiency than traditional options.
Your choice of Synth will depend on your preferred trading strategy informed by your perspective of the market direction.
With Synths, you can...
Hedge Losses (Synthetic Put Option) o
Go 10x Log (Synthetic Call Option)
To participate in Umoja, you need to have a crypto wallet. Additionally, you will need to:
connect your wallet to the Arbitrum Mainnet,
post collateral equivalent to 10% of the notional amount in $USDC. This collateral is required to fund the underlying replicating portfolio,
have a small amount of ETH for gas fees.
If you need $USDC and ETH on the Arbitrum mainnet, you can bridge here.
Navigate to the Account tab on the Dashboard to get your API Key after you connect your wallet to our dApp. Read our API documentation to automate the creation and usage of Synths.