How Is Chainlink Used to Provide Settlement Prices for Synthetic Assets?

Synthetic assets are on-chain tokens that derive their value from an off-chain asset, like a stock or commodity. Chainlink provides the reliable, real-time price feed of the underlying asset to the synthetic asset protocol.

This price is used to determine the asset's minting, redemption, and final settlement value. By using Chainlink's decentralized and robust data, the synthetic asset can accurately track the price of its real-world counterpart.