Hello 👋 Wanna know what we have been buidling? 

Introducing Kresko, a DeFi platform on a mission to democratize access to wealth.

Our goal is to make financial stability and opportunities available to anyone, anywhere 🌍

https://medium.com/@KreskoFi/kresko-democratizing-wealth-with-synthetic-assets-48210f343c62

Why are Synths imp.?
Synths are derivatives that provide exposure to external assets w/o actually holding the underlying asset, making them useful for those who may not have the means to buy certain assets.

Plus, they can be used to hedge against any risky price movements

How does Kresko work?
Synth assets are created by backing w/ 150%+ collateral and using an oracle price for the assets.

Kresko is a novel model that uses a single-CDP-per-account model, i.e., each user can take multiple debt positions using one or more collaterals.

Protocol mints synth assets when CDP is opened & burns them when debt is repaid.

What sets Kresko apart from other DeFi protocols?

✅ Improved risk management
✅ Capital efficiency
✅ Better user experience

Kresko is breaking down barriers and making it possible for people around the world to access financial markets and grow their wealth.

Join our mission to make wealth accessible to everyone, everywhere.

Sign up to participate in our upcoming testnet competition, where you can win prizes like NFTs that grant access to the DAO and much more

https://kresko.ck.page/42b1abe5f1

How do we do this?
By using the Kresko synthetic asset protocol, which allows for the creation of assets like gold, Tesla stock, or S&P 500 ETFs.

Think of it as a generic stablecoin protocol that can create any asset