Synthetic

BunnyBoard tracks essential metrics of DeFi synthetic protocols offering insights into synthetic asset creation, collateralization, and trading activities.

DeFi synthetic protocols allow users to create and trade synthetic assets that replicate the value of real-world or digital assets like currencies, stocks, or commodities.

These systems use decentralized smart contracts and collateral to back the value of the synthetic assets, offering global access to traditional financial markets without needing direct ownership of the underlying assets.

Learn more about DeFi synthetic here: Synthetic protocols

On BunnyBoard, we track these key metrics below:

Metric	Description
Outstanding supply	Outstanding supply represents the total amount of synthetic assets issued by the protocol, reflecting the current supply of these tokenized assets in circulation.
Collateral deposit	The collateral deposit metric represents the total value of assets locked as collateral by users to mint synthetic assets. These deposits ensure that the issued synthetics are sufficiently backed, maintaining the protocol's stability and solvency.
Supply staking	The supply staking metric represents the total value of synthetic assets staked by users to earn rewards. BunnyBoard tracks these staked synthetics as part of the protocol's ecosystem, highlighting the assets actively participating in staking programs.
Fees	Total fees collected from the yield generated by collateral deposits which are distributed to stakers as rewards.
Staking revenue	The portion of fees distributed to synthetic asset stakers.
Protocol revenue	The portion of fees collected by the protocol as its revenue.
Collateralization	The collateralization metric measures the ratio of collateral deposits to the outstanding synthetic supply. It indicates how well the synthetic assets are backed by collateral. A higher collateralization ratio reflects a more secure system, ensuring that synthetic assets maintain their value and can be redeemed reliably. This metric is critical for assessing the health and risk of a synthetic protocols.
Staking ROI	Staking ROI (Return on Investment) represents the percentage return earned by participants who stake their synthetic assets in a protocol. This metric reflects the rewards received by stakers in relation to the amount they have staked. A higher Staking ROI indicates a more lucrative staking opportunity, encouraging more users to participate in the staking process and contributing to the protocol's stability and growth.
Net supply	The amount of supply that changes during a specified tracking period (e.g., daily, weekly, etc.).
Net collateral deposit	The amount of collateral deposit that changes during a specified tracking period (e.g., daily, weekly, etc.)
Liquidation	When the value of collateral assets falls below a specific threshold, the protocol triggers a liquidation process. During this process, collateral assets are liquidated and the supply of issued assets is burned to maintain the system's stability. BunnyBoard tracks these events, counting the total value of assets liquidated and burned, providing insights into the protocol's risk management and collateral health.