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Title: Phantom: The ultimate cross-chain protocol for Synthetic Asset issuance & exchan Post by: tonys0311 on September 01, 2021, 11:55:35 AM Phantom is an optimized DeFi protocol for synthetic assets and their IDO issuance. It is designed to solve the above problems hindering the current DeFi industry, with the following features:
I. Multi-market Synthetic Asset support II. Diversified Collaterals III. Cross-chain Compatibility Phantom uses both debt pool and CDP models to enable the generation of synthetic assets that are linked to real commodities such as gold, equities, NFT, and others. Such procedures are usually completed through the over-collateralization of multiple types of tokens such as PHM, ETH, USDT, and CFX. The Promising Future of Phantom Phantom’s development path is based on the following 3-phase plan. Milestone-1. Synthetic Assets Protocol: Phantom will launch a Multi-market synthetic asset protocol, supporting the generation of a wide range of assets ranging from crypto to stocks and commodities. Milestone-2. Asset Issuance Protocol: Golive of a decentralized asset issuance protocol that supports both fungible tokens and non-fungible tokens (NFT). Milestone-3. AMM based liquidation: Release a decentralized exchange with an AMM-based liquidation mechanism, supporting a wide range of high-quality assets as collaterals. https://miro.medium.com/max/1400/1*-LESpLwB1GgPrqBtoWFMmQ.jpeg |
