Felix is a synthetic dollar protocol on Hyperliquid L1 that allows users to deposit collateral and borrow feUSD to earn income using Felix vaults.

Ostium is a synthetic asset protocol that enables institutional and retail traders and hedgers to gain exposure to commodities on-chain.

Synthetix is a decentralized platform for synthetic assets that provides on-chain exposure to real-world currencies, commodities, stocks, and indices. These synthetic assets (Synths) are backed by Synthetix Network Tokens (SNX) locked into a smart contract as collateral. The protocol also issued a stablecoin sUSD. Synths track the prices of various assets, allowing crypto-native and unbanked users to trade peer-to-contract (P2C) on Synthetix Exchange without liquidity restrictions.

Neutrl is a high-yield synthetic dollar, leveraging OTC arbitrage strategies across altcoin markets for scalable, market-neutral returns.

Reflect is a Synthetic Currency Exchange Protocol on the Solana Network. Reflect Protocol uniquely enables Delta-Neutral money from Liquid Staking Tokens. Capturing both native yield and perpetual yields to provide a high yield dollarized product to anyone around the globe at instant latency.

XSY is building a Next Gen Digital Synthetic Dollar, $UTY, creating a structured, scalable way to unlock blockchain ecosystems dormant potential.

Youves is a platform for creating and managing synthetic assets. YOU holders have voting rights and can stake YOU tokens to receive their share of the platform's profits. The first synthetic asset on Youves was the stablecoin uUSD.

Metronome is a complete synthetic protocol that enables users to generate a variety of synthetics using crypto assets as collateral.

Indigo is a decentralized non-custodial synthetic assets protocol built for Cardano. Using smart contracts, Indigo allows users to create fully collateralized synthetic assets known within the protocol as iAssets.

OpenDelta is a delta-neutral, yield-bearing synthetic dollar powered by Bitcoin derivatives. OpenDelta’s flagship token, USDO, will retain its dollar value by hedging bitcoin (BTC) deposited by users as collateral.

Kresko is an open platform for synthetic stocks, commodities, and cryptocurrencies. It consists of two products: the Kresko Protocol and the Minter Application. The Kresko Protocol enables the creation of crypto-backed synthetic assets, such as krTSLA, krGold, and krQQQ, in a capital-efficient manner. The Minter App is a graphical user interface built on top of the Kresko Protocol.

SYNTHR is a cross-chain liquidity protocol that supports a secure, zero-slip execution environment. It consists of a combination of pull and push oracles, a zero-slippage omnichain liquidity layer, and multiple independent consensus layers.

Synthetify is a decentralized protocol for synthetic assets based on the Solana blockchain. It enables the creation and exchange of synthetic assets that closely track the prices of their real-world counterparts. The synthetic tokens are based on the SPL-Token standard, which allows them to be easily integrated with other DeFi applications such as AMMs.

eBTC is a collateralized crypto asset soft pegged to the price of Bitcoin and built on the Ethereum network. It is backed exclusively by Lido's stETH and powered by immutable smart contracts with minimized counterparty reliance. It is designed to be the most decentralized synthetic Bitcoin in DeFi and offers the ability for anyone in the world to borrow BTC at no cost.

Tapio is a synthetic asset protocol designed to optimize liquidity fragmentation by unifying different asset formats into a highly efficient and usable standard.

Own Protocol is a permissionless synthetic stock issuance protocol. Users can mint synthetic stocks and LPs earn yield for backing these assets.

Delpho is a synthetic dollar built on Hyperliquid and powered by perpetual contracts.

Perlin is a decentralized synthetic liquidity pool that supports the creation and trading of synthetic assets. In partnership with UMA, PerlinX users will be able to generate synthetic assets of any kind by over-collateralizing PERL. Perlin includes a cloud computing layer known as the PerlinX Network, which will serve as a marketplace for computing resources between vendors and customers.

TWIN Finance is a decentralized finance protocol on blockchain for synthetic derivatives of real-world assets. Its twin-token mechanism enables synthetic asset creation, improves capital efficiency, and reduces price risks for liquidity providers.

Linear Finance is a cross-chain compatible protocol that enables users to gain synthetic exposure to various assets, including cryptocurrencies, commodities, and market indices.

Citadel Labs is a decentralized fundraising platform that invests in philanthropy, patent tokens, and scientific research ventures.

Reax is a trustless synthetic asset issuance and trading protocol that enables users to trade without slippage on chain. Offering trustless creation of synthetic assets through shared debt pools, and trading on-chain without slippage. Reax is focused on providing low risk, low fee synthetics framework, with maximum capital efficiency that expands the limits of DeFi.

Bao Finance is a cross-chain DeFi ecosystem that adds features to existing DeFi systems. It is building innovative products such as: n- Synthetics that use LP tokens as collateral; n- Lending pools which will use LP tokens as collateral; n- An auto-balancer system that will manage a user's synthetics, futures and LP positions; n- Options, perpetual futures, margin trading and limit orders using LP tokens as collateral.

Pharaoh Protocol is an extensive synthetic Protocol for Cosmos, allowing exposure to the prices of commodities, FOREX, and any crypto token with a price oracle feed.

Mirror Protocol is a decentralized protocol for creating and trading synthetic assets.

Taiga is a synthetic asset protocol designed to unify different formats of staking and crowdloan derivatives into a highly efficient standard on Dotsama ecosystem. It is comprised of Stable Asset mechanism, as well the Stable Swap engine.

zkSynth is a Synthetics Protocol that enables user to create and trade synthetic assets that track the price of any real-world asset, such as stocks, commodities, currencies, and more.

Crafting Finance is a synthetic asset issuance protocol, decentralized contract trading exchange and NFT fragmentation platform based on the Near smart contract chain. Users can also convert minted assets into other assets through the trading platform, so as to realize the purpose of shorting the asset and longing other assets.

Arable Protocol is a synthetic yield farming and trading platform that empowers farmers to create prosperity by enabling multi-chain yield farming on a single platform.

Parasset is a next-generation, synthetic asset project incubated by NEST LABS.