FABRIC was just a synthetic asset issuance protocol built on Solana. Fabric is now hosting a cohort of features including:
A in-house liquidity mining program
A synthetic asset issuance protocol
ZAP: One-click swap to LP tokens
Yielding NFTs (FAB Punks)
Synthetics
All synthetic assets are collateralized by FABRIC tokens (FAB) and other supported collateral tokens. These must be locked in the FABRIC pool to enable the issuance of synthetic assets, known as SPL Synthetics.
Users directly interact with the FABRIC pool, requiring no counterparties and avoiding common issues experienced on exchanges such as liquidity or slippage issues.
👻 Why is Fabric different?
We are working on implementing a number of innovative ideas within the synthetics protocol and outside.
1.
Wide range of SPL Synthetics, starting with fXAU, fGBP and fJPY (expanding to other commodities, forex, index and inverse synthetics)
2.
Powered by Solana. Extremely cheap fees and high transactions-per-second.
3.
Community focussed. Building features the community wants outside of synthetics alone.
4.
Support for unique feeds such as Pyth's USD/RUB feed.
5.
Extended support for Chainlink and Switchboard.
6.
Upcoming support for expiring futures.
7.
Upcoming support for perpetual futures.
8.
Introduced the first triple-yield pool on Solana
9.
Pioneered the idea of yielding NFTs on Solana
10.
Introduced the first non-USD stablecoins on Solana