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Omnichain synthetic assets - Built on @axelar and @LayerZero_Core

Sep 13, 2022, 5 tweets

SYNTHR is more than a siloed price exposure platform - we're a core #infrastructure project that will allow users to #Mint highly solvent synthetic assets that foster #composability and capital efficiency within #DeFi 🐸

Here's how we will be highly composable to DEXs ⬇️🧵

I. Yield-farming: Synthr will run #LP incentivisation programs with #DEXs , allowing users to deposit syAssets and earn $SYNTH, all whilst building deeper liquidity across these DEXs and on various #chains .

II. Enabling Atomic Swaps
Our partner #DEXs will use SYNTHR’s low-slippage swapping engine, SynthSwap, to execute atomic swaps initiated by their users.

Here's how one would use this tech to swap $ETH to $AVAX on a Partner DEX:

i. $ETH gets swapped to syETH
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ii. syETH gets swapped to syAvax (using SynthSwap)
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iii. syAVAX will get swapped to $AVAX

Atomic swaps have a use-case; on DEXs, they've demonstrably increased #trading volume when introduced in the past.
This will be accompanied by increase in daily txns on SYNTHR, which will benefit our token holders as 50% of all revenue earned via these is allotted as rewards.

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