Priceless synthetic tokens are synthetic tokens that are securely collateralized without an on-chain price feed. These tokens are designed with mechanisms to incentivize token sponsors (those who create synthetic tokens) to properly collateralize their positions. These mechanisms include a liquidation and dispute process that allows tokenholders to be rewarded for identifying improperly collateralized token sponsor positions. The dispute process relies on an optimistic oracle, the UMA DVM, to settle disputes regarding liquidations.