Details about Synth oUSD cryptocurrency
€40
62,817
1
Unknown
20851700x
€18836600
Synth oUSD price charts
OUSD exchanges
Synth oUSD, the crypto
Synth oUSD (OUSD) is a decentralized and algorithmically maintained stablecoin built on the Ethereum network. It is a synthetic asset created by SynthetixDAO that aims to maintain a value of 1 USD while simultaneously earning yields through DeFi protocols.
The point
The main point of Synth oUSD (OUSD) is to offer users a reliable and stable decentralized currency that can be used for transactions, investments, and other financial activities. It is designed to maintain a stable value of 1 USD and to provide users with automatic yield generation opportunities through DeFi protocols, all without the need for collateral or active management.
The problem
Synth oUSD (OUSD) tries to solve several problems associated with other stablecoins and traditional fiat currencies, such as volatility, inflation, counterparty risk, and limited earning potential. By combining the stability of fiat currencies with the earning potential of DeFi protocols, Synth oUSD (OUSD) aims to offer users a reliable, secure, and profitable alternative to traditional currencies and payment systems.
Compare OUSD and BTC performance
| Timeframe | OUSD | BTC |
|---|---|---|
| 1h change | 0 % | -0.113414 % |
| 24h change | 0 % | 0.280879 % |
| 7 day change | 0 % | -1.26201 % |
| 14 day change | 0 % | -9.72239 % |
| 30 day change | 0 % | -7.76318 % |
| 200 day change | 0 % | 126.331 % |
| Year change | -0.65 % | 132.257 % |