Amasa is excited to share that the Stabilise component of the platform will be powered by the Synthetix derivatives liquidity protocol, utilising the security and flexibility of the Synthetix stablecoin, sUSD to be the first and primary USD-pegged stablecoin on Amasa.
Amasa automatically combines user micro income streams direct to a single account. This makes it easier to track and access various income streams in one place from the convenience of a smartphone. The app locks in the value of incoming cryptocurrency income streams to protect against volatility, by instantly converting them to stablecoins.
Synthetix is an asset issuance protocol built on the Ethereum blockchain. It enables users to mint and trade an incredibly diverse range of derivatives spanning cryptocurrencies, fiat currencies, stocks, and commodities. By integrating Synthetix, Amasa is able to leverage the hugely diverse and innovative capabilities of both the Ethereum and Synthetix ecosystems.
The zero-slippage and infinite liquidity trading model of Synthetix offers many other potential integrations into Amasa, with innovative and open composability spanning across synthetic derivatives, decentralised asset management, DEX aggregators and much more.
The potential applications of Synthetix powering more functions on the Amasa platform may include stabilising incoming micro income streams directly into other synthetic assets like sBTC, staking synths for yield returns thus bringing an additional micro income stream, or use within our Amplify function through investing into decentralised managed funds of synth products.
Amasa anticipates building on more leading innovations from Synthetix as they continue to pioneer and progress in the DeFi space.
About Synthetix
Synthetix is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain. Synthetix supports synthetic commodities like gold and silver, synthetic cryptocurrencies, synthetic inverse cryptocurrencies, synthetic cryptocurrency indexes, and synthetic fiat currencies. The platform brings non-blockchain-based asset exposure to the crypto ecosystem, thus creating a more mature financial market.
About Amasa
The mission for Amasa is to help empower anyone in the world to capture and capitalise on micro income streams. Amasa is working to help drive adoption of evolved Web 3.0 networks and platforms that enable participants to earn micro income streams — for their time, energy, attention, content, data and interactions
Amasa will make these micro income streams easy to capture, combine and access as a stabilised income, then amplify into a more significant value source through DeFi investment portfolio options.
Combine. Stabilise. Amplify. All in the background of everyday life.
Get in touch hi@amasa.io
