SynthX Lab is a decentralized protocol for issuing synthetic assets, built on the XDC Network. These assets are collateralized by XDC or PLI tokens, which, when locked in a smart contract, enable the creation of synthetic USD (xdUSD) tokens. This pooled collateral model allows users to exchange synthetic assets (Synths) directly with the smart contract, eliminating the need for counterparties. This approach addresses the liquidity and slippage challenges often faced by decentralized exchanges (DEXs). Currently, SynthX Lab supports synthetic cryptocurrencies, with plans to expand to synthetic fiat currencies and commodities in the future.