SynthX Lab - Synthetix Derivatives Protocol
Currently, the synthetic assets available for swap with XDUSD are: XDSOL, XDBTC, XDETH, XDMATIC, XDCGO, XDPAX, XDAAVE, and XDPRNT.
The C-Ratio is a dynamic measure that reflects the ratio between the value of staked PLI/XDC and the active debt within SynthX Lab. Maintaining the C-Ratio is essential for system stability.
You can increase your C-Ratio by burning XDUSD to reduce debt, staking additional PLI/XDC, or waiting for price increases.
SynthX Lab is currently available only on the Apothem test network, where the community can stake Testnet XDC/PLI and experiment with the "XChange" feature.
You can obtain Testnet XDC or PLI through the XDC Faucet or PLI Faucet. When you connect to SynthX Lab, you'll find these options in the left menu.
SynthX Lab operates on the Apothem Testnet, any staked tokens are locked permanently in the smart contracts
Yes, SynthX Lab's smart contracts are open source, and you can review them on the GoPlugin GitHub repositories.
A mechanism for burning XDUSD to recover staked XDC/PLI is in development and will be available soon.