Introduction

Synthetic Assets are formed by substituting Rune for a synthetic asset in a pool (or by changing an asset into RUNE and then adding it). This is referred to as minting. By trading the Synth for a Rune, Synthetic Assets are destroyed. This is referred to as "burning" or "redeeming." At any point, a Synthetic Asset can be redeemed for Rune (or swapped to Rune then to an asset). Synth Assets are equivalent to conventional assets in terms of value and may be redeemed 1:1. So, if you exchange 1 BTC for 1 Rune and then mint Synthetic BTC, you'll get 1 Synthetic BTC. This may then be converted to Rune and exchanged for 1 BTC, with fewer costs.

Methodology

This dashboard attempts to answer the minting and burning of synthetic assets over time.Thorchain swaps are analyzed to retrieve the necessary data and see the trend followed by both the assets over time.

The assets that are burned and minted are considered and they are charted on timely basis to analyze the trend shown by the burned and minted assets over time.

The daily analysis of the burned assets is considered and they are accounted for in the chart here. The Pool which had made the maximum burned assets over time is the BNB/BUSD-BD1.

The minted assets are analyzed on daily basis and are charted here.The minted assets analysis shows that BNB/BUSD-BD1 is the most minted asset over time in the thorchain ecosystem.

The mints and burns are charted for the chosen period of time. The trend is seen such that both the synth assets are following a simultaneous decrease in the trend in recent days.

Conclusion

Both the burns and mints are accounted on daily basis. When minting or redeeming a synth, holders do not suffer any gain or loss as a result of price movements. They do, however, have to pay a slip-based entry or leave cost, as well as transaction fees. Minting, trading, and redeeming synths cost half as much as standard slip-base fees.