⎘ “ @synthr_defi is a synthetic assets protocol that allows users to gain exposure to virtual and real-world assets without owning them”
#RealYield
• what you can Do with SYNTHR ?
The SYNTHR Protocol will allow users to create, manage, synthetic derivative tokens(Synthetic assets) that can represent any financial instrument in the world such as cryptos, stocks, currencies, bonds, and commodities.
These syAssets will be traded for other syAssets utilizing SYNTHR’s in-house slippage-free DEX, SynthSwap.
SynthSwap is a slippage-free DEX that will allow users to swap syAssets using the process of simultaneous minting and burning of syAssets at oracle price feeds.
• How SYNTHR's Slippage-free Atomic Swaps will work
for example of ETH to BTC : ⏤DEX aggregator will swap ETH for syETH. ⏤ syETH will be burnt and syBTC will be minted using ETH/BTC oracle price feeds on SynthSwap ⏤ DEX aggregator will swap syBTC for WBTC ⏤ User will receive WBTC
**• SYNTHR Other products ** ⏤ NuclearPort ⏤ cross-chain swaps ⏤ options market
• NuclearPort
⎘"NuclearPort* will let users create CDP positions on a base chain, and with NuclearPort module, mint the syAsset on a destination chain. In this case, the debt and collateral will remain on the base chain while the syAsset will be available on another blockchain.*"
• Cross-chain Swap
⎘"SYNTHR will create a seamless cross-chain environment for its users, devoid of conventional bridges, by partnering with a trustless omni-chain protocol to facilitate inter-chain trustless valid delivery of arbitrary user data, not just tokens"
• Options and Strategies
⎘"SYNTHR users will be able to buy and sell options along with buying and selling syAssets from the same interface"
• Token $SYNTH
SYNTHR use Ve-Token model(Vote Escrowed Token), veSYNTH holders have specific rights, such as governance power and Boosted staking rewards
• Fee Distribution
SYNTHR will share protocol revenue as follow : ⏤ 10% protocol development ⏤ 20% buy back and burn ⏤20% will be used to add liquidity to DEXs ⏤ 50% will be distributed to veSYNTH holders.
Hence $SYNTH emission out ( approx. 12-18 month after launch) fee distribution will be as follows:
⏤ 10% will be used to fund protocol development. ⏤ 20% will be distributed to veSYNTH holders. ⏤ 70% will be distributed to LPs.
• Tokenomics
⏤ Seed and Private Round: 19.46% ⏤ Crowd Sale: 1.22% ⏤ Team and Advisors: 10.42% ⏤ Governance, Trading and LP Rewards: 34.18% ⏤ Staking Rewards: 2.05% ⏤Legal and Marketing Expenses: 20.51 ⏤Bug Bounty and airdrop : 4.37%🪂 ⏤Treasury: 4.78%
what you do know ? 🪂
⏤ Not much follow on twitter join Discord discord.gg/TmBGWerczd ⏤ Submit your wallet address in "Early Adopter" channel (For Early adopter role) Join the SYNTHR Protocol Discord Server!Check out the SYNTHR Protocol community on Discord - hang out with 6,600 other members and enjoy free voice and text chat.https://discord.gg/TmBGWerczd
Hope you like it
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