Beyond is a decentralized platform for creating and trading synthetic financial products designed to suit the needs of the synthetic creator. These synthetics can be made to track prices of the underlying asset such as currencies, commodities, stocks, exchange traded funds (“ETF”) and more. Each synthetic product can be made to be as simple as a representation of 1 USD or more complex products such as a leveraged/inverse ETFs.
These synthetic products are governed by Beyond Protocol and collateralized by BYN tokens. Deep liquidity is created for synthetic products through our Automated Market Maker (“AMM”) built on our protocol. Bid/ask orders can also be used on the trading interface for controlled trading orders.
BYN token holders are incentivized to stake and provide liquidity to the synthetic products as it allows the token holders to be rewarded with additional BYN tokens.