Synths on Stacks came in at a very close second and focuses on unlocking synthetic assets on the Stacks chain. This project won the second place spot due to exceptional code quality, a unique use case, and its use of Redstone oracles, which is an area that currently needs more exploration in the Stacks ecosystem. Synthetic assets are tokenized versions of derivatives, whose assets are derived from another asset, like futures and options. Synths on Stacks’ is a big step toward bringing synthetic assets to Stacks and its use of Redstone oracles is a perfect example of why oracles are useful.
Read more about the project here.