[exdsq]

FWIW when I was doing some banking courses, as I was working in DeFi and wanted to know more about CeFi, they have synthetic assets too. Which are derivatives. In fact in the Big Short movie I'm 100% they call derivates synthetics!

[ymolodtsov]

These are a bit different. Derivatives is a complex product based on more fundamental products. Synthetic product is what it sounds like, stocks are a great example. You can create a synthetic stock with the same price as the real one and let people trade it.