Mynth supports seamless asset conversion and easy arbitrage, operating across blockchains, by simplifying the process of asset swaps through a straightforward and user-friendly interface. Users select the synthetic asset they wish to exchange and provide the receiving address for the corresponding real-world asset. Mynth maintains a pool of assets to facilitate the transactions, and a team of professional arbitrage traders, supported by artificial intelligence, manages the asset conversions.
Mynth eliminates the need for trust in the swapping process by enabling cross-chain swaps between its liquidity pools without relying on centralized parties. Through the use of Cardano multisig wallets or decentralized oracles, Mynth ensures the secure and verifiable exchange of assets between different blockchains.
By establishing a connection between synthetic and real assets, Mynth enables users to leverage the advantages of synthetic assets while ensuring their practicality in everyday transactions and investments.