Question

What is the typical price shift experienced by a synth holder? Compare the current price of the asset vs the price when they minted (relative to $RUNE).

Ideal format is a bar chart of % of users, and current price relative to the price at the time of the synth mint.

Synthetic Assets

Synthetic Assets (Synths) are called blockchain-based cryptocurrency derivatives. These assets are similar to traditional derivatives. This area can be considered as one of the achievements of decentralized finance or Defi.

Features of Synthetic Assets

• Synths can be minted by anyone.
• Synths can be traded in all centralized and decentralized exchanges.
• Synths have a lot of liquidity as backing.

THORSynths

"Synths" are a collateralized representation of an asset on THORChain. THORSynths are derivatives of other cryptocurrencies that have a value equal to the original asset. [1] These types of assets are backed by THORChain liquidity pools. Inside these liquidity pools, 50% of the original currency and 50% of the RUNE are kept.

Reference

[1]. https://docs.thorswap.finance/thorswap/thorswap-products/thorchain/synthetic-assets

Methodology

• In this dashboard, the Average Price Shift for Synth Holders has been calculated and reviewed.
• All THORSynths are shown in terms of the benefits and harms they have to holders.
• All information is extracted from the THORCHAIN ​​database and from the Swaps and Prices tables.

Data Analysis

The chart below shows the Average Price Shift for THORSynths.

According to the chart above, "ETH/FOX" has had the highest average profit for holders. In contrast, "ETH/KYL" holders suffered the most losses. Their assets have lost about 31 percent of their fortune since Mint Day.

On the other hand, we categorized THORSynths in terms of profit and loss as follows:

According to the above category, THORSynths are arranged as follows:

According to the table above, it is clear that more Synths are currently more profitable for holders than when minted. On the other hand, none of the Synths had a gain of more than 50% or a loss of more than 50% for the holders.