Synthetic assets can be utilized to fabricate other financial means. Synthetix allows for permissionless synthetic asset creation attached to the financial value of real-world assets.
Synthetic assets underlay one or more financial derivatives, whose asset value depends upon the value of underlying assets(financial value)

Benefits of Crypto synthetic assets

Reduces the risk faced in conventional assets
Counters the price fluctuation issues with derivatives.
Helps investors earn higher returns.

Get more info>DeFi Crypto Synthetic Asset Development