As far as this niche of the financial industry is concerned, Wayki-X is one of the most important as far as innovation is concerned. The brand is very serious about providing as many solutions as possible and it is making considerable progress. There is no way a definition of Wayki-X protocol will be given without talking of synths (also called synthetic assets).
A synth is best described as a rendition that has been fixed as the price of the original asset but this pricing system is not including the initial asset itself. It has nothing to do with the characteristics and features of the initial asset. To illustrate, the United States dollar is the legal tender of the United States of America as an initial asset. The dollar has characteristics accepts for financial transactions and full backing by the government.
On the other hand, USDT is a synthetic asset (synth) that is linked to the United States dollar and implemented on the blockchain system. The pricing of the USDT is virtually the same with the USD but it does not possess the other features associated with the USD itself.
Importance of Synths and Relevance to Wayki-X ProtocolSynths are crucial for several reasons. One is that they assist in meeting the relentless demands during trading transactions. With the help of these synthetic assets, investors can get and make use of trading tools in a way that real ownership or even custody of other stakeholders are not needed.
To illustrate, imagine a stakeholder putting as a stake on gold. The gold itself can be purchased or a virtual gold package in synthetic format can be purchased to ensure the spread. If factors like the loss are taken into consideration, the customer may not be interested in the possession of physical gold. Some other valuables like stocks of tech companies cannot be accessed globally. But with the use of Wayki-X protocol (with the synths), it is possible for stakeholders and investors from any part of the globe can purchase these assets.
The main essence or importance of Wayki-X protocol is to ensure that all the obstructions to the trading that are associated with the initial assets are sorted. Hence, Wayki-X makes possible another medium that can be used for stress-free trading. So, it can be said that the synthetic asset (synth) system of issuance is a manifestation of the efficiency of the Wayki-X protocol.
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Further Info:
Official Site: http://www.waykichain.com/
Twitter: https://twitter.com/wayki_chain
Telegram: https://t.me/wiccofficial
Reference from: https://medium.com/@waykichainwicc/waykichain-launches-phoenix-yield-farming-with-wicc-wgrt-dual-pool-4f822ca3fb4b 
