Fabric's synthetics protocol enables you to gain exposure to a wide range of assets using a tokenized synthetics approach. A synthetic, such as fXAU (synthetic gold), is a simple SPL token with the supply controlled by the protocol.
The protocol consists of collateral that is staked and synthetic assets that can be traded. The protocol allows a user to:
Stake FAB as collateral
Mint a synthetic USD token (fUSD) in proportion to the staked collateral
Swap one synthetic to another synthetic
Earn yield in FAB for participating in the protocol