Try Quests to earn cryptoSynth Utilization
Synths, is synthetics of crypto assets. Users can create synthetic versions of any coins using THORChain. Users can do this by adding $RUNE or a crypto asset to a THORChain liquidity pool. Synthetic assets from THORChain are distinct from other synthetic assets in that they are not solely backed by the underlying asset and do not require a high collateralization ratio. Synths has a maximum cap of 15% of each pool depth. Meaning it cannot exceed 15% of asset's liquidity in the pool. This is called the utilization ratio; which is the percentage of synth minted ÷ asset amount in pool. In this dashboard, we will take a look at the utilization percentage of synths of each available pool.