Articles

Plugin Data Feed Introduction

The Plugin Data Feed module has been improvised to make it easier for the Node operators and the end consumers to provide and consume data feed from Plugin.

Plugin 2.0
Plugin Feed - End data consumers - Mainnet

Explore https://feeds.goplugin.co & check which contract fulfills your requirement for the required price index pairs

Plugin 2.0
Plugin Feed - End data consumers - Apothem

Explore https://feeds.goplugin.co & check which contract fulfills your requirement for the required price index pairs

Plugin 2.0
SynthX Lab - Synthetix Derivatives Protocol

Inspired by the Synthetix Derivatives Protocol, SynthX Lab was created as a crypto-backed synthetic asset platform built on the XDC Network.

SynthX Lab - Synthetix Derivatives Protocol
Operations and functionalities of SynthX Lab

SynthX Lab is a decentralized protocol for issuing synthetic assets, built on the XDC Network

SynthX Lab - Synthetix Derivatives Protocol
Role of stakers on SynthX Lab

On SynthX Lab, liquidity for synthetic assets is generated through staking and swapping.

SynthX Lab - Synthetix Derivatives Protocol
Minting, burning, and the C-Ratio

To ensure the protocol remains backed by sufficient collateral, stakers are incentivized to maintain their Collateralization Ratio (C-Ratio) at the target level.

SynthX Lab - Synthetix Derivatives Protocol
Current Features in SynthX Labs

Currently, the platform calculates the C-Ratio based on fluctuations in the prices of XDC and PLI.

SynthX Lab - Synthetix Derivatives Protocol
Future Plans

Starts with rewards for stakers and go on to the launch on mainnet

SynthX Lab - Synthetix Derivatives Protocol
What is SynthX Protocol and how does it work?

SynthX Lab enables users to purchase a variety of synthetic assets using XDUSD, a stablecoin backed by XDC and PLI tokens.

SynthX Lab - Synthetix Derivatives Protocol

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