Primary and secondary markets

Anyone can acquire jFIATs on both primary and secondary markets.

Primary market

jFIATs primary market is the Synthereum protocol. The latter mints jFIATs whenever someone buys them using the Liquidity Pools or the Wrappers or borrows them using the Credit Line or the Money Printer.

Secondary markets

jFIATs secondary markets are all the decentralized exchanges and money markets where they are supported. The protocol can seed these markets using the Money Printer.

Many arbitrages happen between primary and secondary markets, harmonizing their prices and the interest rate across all the markets.