Baklava Space is planning to join the Aptos ecosystem. Baklava Space it the first synthetics platform that allows users to collaterize LP tokens from AMM DEX, to mint synthetics.
Imagine if you want to buy BTC, but you do not want to add more capital.
You can deposit your collateral from AMM DEX on Aptos (i.e the upcoming Pancake Swap, AUX Exchange) and mint the synthetic BTC. In this scenario, you can get the price exposure of BTC without selling other tokens/adding more capital.
This project is being advised by:
Keith Yong - Director of Operations of Litecoin Foundation. Keith is a Crypto OG since 2016 and currently he is the Operations Director of Litecoin Foundation, been with foundation since day 1. Keith was the Ex Senior Vice President in Singapore’s UOB Bank and Ex Head of IT of a department under Singapore’s Ministry of Finance.
Xinxi Wang - Founder & CEO of Coinut Exchange and CoFounder & Board Director of Litecoin Foundation.
We believe this will drive the growth and TVL on Aptos as well.