What is Phantom Protocol?
Phantom Protocol is a next-generation “DeFi+NFT” solution that supports NFT issuance and fractional trading. Phantom is incubated by Conflux and invested by LD Capital, NGC Ventures, Kyros Ventures, Gate Labs, DFG, MXC among others.
Phantom is a cross-chain DeFi protocol that allows users to create synthetic assets called pAssets in a decentralized way. Users of Phantom can create pAssets through depositing collateral, opening positions, and then generate corresponding pAssets that mimic the behavior of real-world asset prices.
In this way, traders around the world can trade an asset on the blockchain with open and transparent prices. In essence, pAssets enable the traders to engage with the asset without actually owning them.