Primary and secondary markets
Anyone can acquire jFIATs on both primary and secondary markets.
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.
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.
Last modified 4mo ago