Harness the power of a new open financial system and put your tokens to work in creative ways to further grow your wealth.
Sumero is a decentralised application (dApp) that lives on the blockchain. That means that it is controlled by no single entity and is completely open to anyone to use. Protocol upgrades are governed by a decentralised autonomous organisation (DAO) which is coordinated around a native cryptocurrency called Clay.
The application will enable users to create any type of financial asset secured by a blockchain, collateral, and oracle network of their choosing. Any combination of available options can be combined to enable users to securely exchange financial risk without an intermediary.
Synthetic assets are digital tokens that exploit blockchain and decentralised oracle technology to track the value of real-world assets without requiring an intermediary to be the arbiter of contracts.