Today in our review will be a project that uses #Omnichain Synthetics and related to such words as Slippage free, Unchained Liquidity. Please welcome @synthr_defi🎯
#LayerZero #LZ #LayerZeroEcosystem
1/ What is @synthr_defi ?📊
SYNTHR is a synthetic asset protocol that enables users to #mint and trade on-chain derivatives of various financial assets using trustless financial contracts💎
2/ The goal @synthr_defi 🤔
SYNTHR aims to build on existing #DeFi products to make financial assets more accessible through the creation of synthetic assets, Delta-Neutral Vaults, Hedge #Pools, and derivatives 💯
3/ SYNTHR’s Solution: Synthetic Asset Tokenization ✅
What are Synthetic Assets?(SA)
Synthetic assets are on-chain derivatives that are like traditional derivatives, which track the price of certain underlying assets while acting like #Money-Legos 🦿
3.1/ Why SA❓
1⃣Synthetic assets are decentralized
2⃣Synthetic assets are tokenized
3⃣No involvement of 3rd party intermediaries
4⃣Access to 24/7 borderless trading
5⃣Users can purchase illiquid assets with ease
6⃣Synthetic assets are not dependent on liquidity
4/ SYNTHR protocol specifications❗
#SynthSwap
SynthSwap is the protocol's internal slippage-free DEX that will allow users to swap SA using the process of simultaneous minting and burning of SA at oracle price feeds ♾️
4.1/ Vaults‼️
Vaults are an essential part of the SYNTHR Protocol, serving as plug-and-play entry points to the overall ecosystem. Vaults will enable users to seamlessly earn yield on their deposited assets. For example: Long(Short)-Farm Vault, Delta-Neutral ✅
5/ Tokenomics🤑
SYNTHR’s tokenomics has been prepared to ensure that all stakeholders are aligned with protocol sustenance.
The Token Generation Event (TGE) has been time-synchronized with the protocol’s mainnet launch.
Initial Supply:690,095,23. All details⬇️
/6 Roadmap 🗺️
The product development roadmap has been evenly spread out over the course of 21 months to ensure that security and scalability are never compromised. And also in Q1 2023 there should be IDO. Read more in the photo below
/7 Official links🚩
Twitter - twitter.com/synthr_defi
Discord - discord.com/invite/KkUzFPa…
Docs - synthrprotocol.gitbook.io/home/what%20is…
Website - synthr.io
Medium - medium.com/@Synthr
Telegram - t.me/synthrcommunit…
Whitepaper - synthr.io/static/docs/Sy…
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