Yam Synths
  • Welcome to Yam Synths!
  • Overview
    • What can I do with Synths?
    • How Do I Use Synths?
      • How to Mint Synths
      • How to Earn Rewards
      • Where Can I Buy Synths?
      • How Do I Short Synths?
      • How Do I Manage Synths?
      • How Do I Settle Synths?
      • How Do I Redeem Synths?
    • How Do Synths Work?
      • How do Liquidations Work?
      • What are Priceless Synthetic Tokens?
      • What is the Data Verification Mechanism (DVM)?
      • What are the different Collateralization Ratios? (GCR vs CR)
    • How Do Rewards Work?
      • UMA Rewards Overview
      • Where are my Rewards?
      • How Much am I Earning?
    • FAQ
  • Synthetic Tokens
    • uPUNKS
      • Use Cases
      • Current Contracts
        • uPUNK-1221
      • Expired Contracts
        • uPUNK-0921
    • uGAS
      • Current Contracts
        • uGAS-1221
      • General uGAS Info
        • Getting started with uGAS
        • Use Cases
      • Expired Contracts
        • uGAS-JUN21
        • uGAS-MAR21
        • uGAS-FEB21
        • uGAS-JAN21
        • uGAS-0921
    • Deprecated Synths
      • uSTONKS
        • Current Contracts
          • uSTONKS-0921
        • General uSTONKS Info
          • Getting started with uSTONKS
        • Expired Contracts
          • uSTONKS-JUN21
          • uSTONKS-APR21
  • Additional Information
    • Yam Team
    • Glossary
    • Audits
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  • 1. Mint Synths
  • 2. Sell Synths

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  1. Overview
  2. How Do I Use Synths?

How Do I Short Synths?

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Last updated 3 years ago

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If you feel like the synths prices or the underlying asset prices are too high and unsustainable, you have the option to short synths (and not affect the underlying stock pick prices.)

To short a synth, you need to first mint uSTONKS and then sell it on the open market.

1. Mint Synths

You’ve done the hard part, now it’s time to sell your synths and essentially short it.

2. Sell Synths

When the synths prices drop, purchase your original amount of synths to get your collateral back, and pocket the difference in prices as profit.

You also have the option to let the contract expire and withdraw your remaining collateral less the settled value of the synths you sold.

Please see our on how to mint synths!

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