Fast Secure
Powerful
Security
01
Open Sourcing
Butane is an open-source protocol, enhancing transparency and inviting scrutiny. When the code is openly accessible, a large community of developers, auditors, and users can examine it for vulnerabilities, errors, or malicious elements.
02
In-Depth Auditing
External auditors conduct independent assessments of the platform to identify potential flaws, perform comprehensive code reviews, and verify its security, precision, and adherence to industry best practices.
Cardano’s academic edge distinguishes it from other blockchains and provides unique advantages for DeFi protocols.
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FAQs
Butane is a decentralized synthetic assets protocol built on the Cardano blockchain using Plutus smart contracts.
Butane offers a streamlined and powerful interface for managing financial strategies and portfolios that leverage synthetic assets. It puts decentralization and transparency at the forefront while not sacrificing the overall user experience, maintaining high throughput and minimal fees.
Synthetics are tokenized derivative assets. They are derived from real-world assets, whose prices are tracked on-chain via price feed mechanisms.
All synthetics on Butane are backed by collateral. This is facilitated by opening Collateralized Debt Positions (CDPs) - positions created when a user locks up CNT collateral and mints synthetic tokens as debt.