So you want to buy TSLA on the Ethereum Blockchain?

You’re in luck! Synthetix launched sTSLA today, a synthetic asset that tracks the price of TSLA.

The Synthetix protocol allows you to acquire a wide variety of synthetic assets with zero slippage, letting you swap instantly between crypto, forex and commodities like Oil, Gold and Silver. And in the most recent upgrade, the very first synthetic stock has arrived: sTSLA

In order to trade on Kwenta, you first need to acquire synthetic USD or ETH, namely sUSD or sETH. The easiest way to do this is by using Curve — a protocol that lets you swap between similar assets with almost zero slippage — and swap from any asset in the list to either sUSD or sETH.

Select USDC/DAI/.. or any other token of your choice on the left hand side, and select sUSD or sETH — as long as you swap into a Synthetic asset!

In this example you would sell USDC for sUSD.

You can also swap your ETH for sETH

Press the Sell button and confirm in Metmask or the wallet of choice you’re using.

Great work! You are now the proud owner of sUSD or sETH and you can swap these on Kwenta for any other Synthetic asset!

Go to https://kwenta.io/exchange and in the From field select either sUSD or sETH, and then click on the To field and select sTSLA under Equities.

Then click Submit Order at the bottom of the screen et voila! You are now the owner of a synthetic asset that tracks the price of TSLA 1:1, which you bought with zero slippage on a completely decentralised and permisionless global network. Congratulations!