To redeem back a Synthetic asset, simply swap back to any native asset and the Synthetic will be burned in the background with not interaction needed from the user.

Because every Synthetic has its own THORChain address, you can send/receive it just like you would any other asset in the THORWallet DEX app. Thanks to this, you can transact assets with high network fees for the low fees of THORChain.

Thanks to our seamless Synthetics integration, you can use Synthetics in the most convenient way. Swapping with Synthetics works in exactly the same way as any other swap. Start by selecting the native asset you want to swap from the Wallet page, in our example BUSD

After, click on the asset you want to swap to and search for the synthetic asset you want. In our example synthetic TGT. You can recognise a synthetic asset by the brackets with text synth after the assets's ticker symbol, e.g. BTC (synth).

Finally, enter the amount you want to swap and click on "Preview Swap". From here, just follow the on screen instructions.

If you are not sure how exactly swaps work, have a look at our "How to make a swap?" guide. If you want to learn more about Synthetics, you can have a look at the original THORChain documentation.

Minting Synthetic assets in THORWallet is as simple as making a swap. Just swap to any Synthetic and the minting happens in the background with no interaction needed from the user.

Because Synthetics are based on THORChain, they take over the network fees of THORChain which can save you a lot of funds (each transaction costs only 0.02 in $RUNE).

THORChain transaction only take ca. 5 seconds to complete.

Because you mint a Synthetic with only one asset, you are only exposed to price fluctuation of one asset, thus avoiding the Impermanent Loss.

Important note: Synthetics do NOT earn any apy/apr!

Synthetics are a new functionality of the THORChain network. They are derivatives of other coins and tokens (e.g. BTC or DOGE) and are derived from Liquidity Pools with no risk of Impermanent Loss. Another uniqued feature of Synthetics is that they are always backed by 50% of its original asset and 50% RUNE. Every Synthetic is always redeemable at 1:1 ratio with its underlying native version and you can mint any Synthetic with any asset, e.g. minting DOGE Synthetic with native BTC. If you wish to find more technical details, you can find them here.

What are Synthetics?