Product
Introduction
SYNTHR's advanced cross-chain infrastructure powers a novel zero-slippage omnichain transaction environment, enabling you to create omnichain applications and transfer value between chains with exceptional capital efficiency and high security.
GMP hub
SYNTHR's GMP aggregator utilizes multiple independent consensus layers to validate cross-chain messages, ensuring democratic and trustless cross-chain finality. This creates an active barrier between the core contracts and relayers, deterring collusion between the two.
Zero-slippage liquidity
SYNTHR's zero-slippage omnichain liquidity utilizes omnichain syASSETS to perform zero-slippage cross-chain swaps. This generates real yield, which the protocol distributes to multiple stakeholders. The protocol enables you to add high-quality liquid collateral and mint omnichain syASSETS. It also issues SYNTHR debt shares with every mint, which you delegate to the validators of syCHAIN.
SYNTHR's zero-slippage omnichain liquidity utilizes omnichain syASSETS to perform zero-slippage cross-chain swaps. This generates real yield, which the protocol distributes to multiple stakeholders. Add high-quality liquid collateral and mint omnichain syASSETS. The protocol issues SYNTHR debt shares with every mint, which you delegate to the validators of syCHAIN.
AI-powered delta-neutral vault
The delta-neutral vault utilizes the hedge and stability pools to generate delta-neutral yield. The hedge pool mirrors the omnichain global debt pool, ensuring delta neutrality, while the stability pool liquidates undercollateralized users to generate real yield.
Dynamic peg protection
The dynamic peg protection mechanism utilizes the long and short-farm vaults to ensure that DEX prices of omnichain syASSETS are at par with their oracle prices. The long-farm vault buys omnichain syASSETS and farms LP tokens when the DEX price is lower, while the short-farm mints omnichain syASSETS and sells them when the DEX price is higher.
Global debt pool
The omnichain global debt pool aggregates cross-chain collateral and debt balances. Together with the oracle aggregator, it utilizes multiple high-quality pull and push price feeds to burn and mint omnichain syASSETS, enabling zero-slippage cross-chain swaps.
Light chain-main chain architecture
A network of light and main chains houses all the collateral and syASSET contracts, while the main chain aggregates cross-chain state changes. This ensures gas-optimized cross-chain synchronicity.
Market opportunity
Source: https://defillama.com/
24-hour bridge volume: $500,000,000
24-hour swap volume: $13,000,000,000
Real yield
Create veSYNTH: SYNTH and syUSD rewards
Farm LP tokens: SYNTH rewards
Liquidate undercollateralized users: SYNTH rewards
Mint omnichain syASSETS: syUSD rewards
Revenue distribution
Protocol development: 10%
SYNTHR debt shares: 60%
veSYNTH: 30%
SYNTH utility
Collateral
Farming rewards
Flagger fees
Gas fees
Liquidation rewards
Liquidator fees
veSYNTH rewards
veSYNTH
veSYNTH
Time-lock SYNTH for veSYNTH.
veSYNTH benefits
Access to #BUIDLonSYNTHR private sales.
Bonus airdrops from #BUIDLonSYNTHR protocols.
Governance and boosted voting power.
veSYNTH rewards
Monthly emissions: SYNTH rewards
Share of revenue: syUSD rewards
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