As a paranoid cypherpunk unfortunately living under an authoritarian government, I have some privacy requirements. It took me quite a bit of finagling and research to get this selfhosting setup to work just right.
The synth aims to track a perfect constant-leverage index. People can borrow against collateral to mint these synths (let's say ETH2L) and short it by selling ETH2L. On the other side, people can long by buying ETH2L off the market.
Polymarket aims to accurately reflect probabilities, but it could affect the probability as well. There's an argument to be made here that Polymarket is a form of hyperstition.
Modern technologies favor decentralization, with innovations like 3D-printed guns, kill-drones, electronic money, and decentralized finance becoming accessible to talented hackers and, soon, the general public.