IBTC-iBTC (Synthetix)Detailed Description

IBTC-iBTC (Synthetix) Detailed Description

Synthetix allows the creation of synthetic assets that are pegged to any cryptocurrency, real-world assets, indexes, etc. iBTC is a synthetic asset issued by Synthetix, which reverse tracks the price of Bitcoin (BTC) through oracles, and can short Bitcoin by simply buying IBTC.