2. @synthr_defi is an Omnichain Synthetics Protocol that empowers anyone with access to trade a variety of assets such as crypto, stocks, FOREX etc on multiple chains, including the up-and-coming @SeiNetwork!
How does it work?
3. 🐸Deposit highly liquid collateral (E.g $USDT, USDC, ETH)
🐸Mints syAsset, @synthr_defi's synthetic versions of the original asset.
syAssets track the prices of the original assets, giving holders exposure to its price movements even without owning the original asset.
4. What's more, you can even choose to mint syAssets to another chain, all thanks to @LayerZero_Labs powering @synthr_defi!
Depositing your collateral on @ethereum to mint synthetic assets to @KardiaChain will be as seamless as swapping assets on a DEX!
5. What can you do with syAssets?
Similar to most on-chain assets, you can:
🐸Swap it for another asset
🐸Short (profit from an increase in value)
🐸Long (profit from a decrease in value)
🐸Provide liquidity to earn yield
6. Apart from minting and trading syAssets, @synthr_defi has also designed a suite of products to allow even beginners to easily participate with 1 click.
What's even better is that most of these vaults do not require you to have syAssets!
7. These are:
🐸Long-Farm Vault
🐸Short-Farm Vault
🐸Delta-Neutral vault
🐸Stability Pool
8. Long-Farm vault:
1️⃣ Deposit Stablecoin
2️⃣ 50% utilized to buy discounted syAsset on partner DEX
3️⃣ 50% utilized for pairing with the syAsset to provide liquidity
4️⃣ Earn #RealYield from swap fees, converted back to the Stablecoin
5️⃣ Earn additional SYNTH token rewards!
9. Short-Farm Vault:
1️⃣ Deposit Stablecoin
2️⃣ Stablecoin used to mint syAsset that are priced higher on partner DEX
3️⃣ Minted syAsset sold on said partner DEX
4️⃣ Earn #RealYield from arbitrage, converted back to the Stablecoin
10. Stability Pool:
1️⃣ Deposit syAsset
2️⃣ syAsset gets burnt when a user gets liquidated
3️⃣ Earns #RealYield paid out in the liquidated collateral
4️⃣ $120 worth of collateral distributed for every $100 worth of debt burnt from the Stability Pool
11. Delta-Neutral vault:
1️⃣ Deposit Stablecoin
2️⃣ Stable coin swapped -> syUSD -> syAsset
3️⃣ syAsset deposited into Stability Pool
4️⃣ Earns #RealYield from liquidated collateral, converted back to Stablecoin
12. In addition, @synthr_defi's Global Debt Pool design provides the infrastructure to enable some of DeFi's most innovative features/products:
🐸Atomic Swaps (zero slippage on swaps of any size)
🐸Options Marketplace utilizing synthetic assets
13. Here's a primer to kickstart your learning on Atomic Swaps:
14. All in all, @synthr_defi provides a highly accessible platform for trading different classes of assets for everyone, especially those bounded by geographical limitations.
Getting torn apart deciding between staking on your favourite dApps to earn #RealYield and opening Long/Short positions on a DEX to profit from price movements?
What if it's possible to get the best of both worlds now?
Enter @fluiditymoney
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1. @fluiditymoney is a yield-generating protocol that pays you for using your Crypto assets. These can be actions such as, but not limited to:
💧 Swapping on a DEX
💧Buying an NFT
💧Sending assets to another user.
💧Receiving assets from another user.
2. Let's go deeper into how Fluidity makes this magic happen!
Firstly, users will need to mint ƒAssets (e.g. $ƒUSDC $ƒBTC) by depositing the original asset on Fluidity. To earn yield from the on-chain transactions, one will need to utilize ƒAssets instead of the original assets.
For the next stop in my DeFi World Tour, I will be sharing about @GMX_IO, a highly innovative project that has launched on @avalancheavax and @arbitrum! Read on to find out what they've got to offer.
@GMX_IO@avalancheavax@arbitrum 1. @GMX_IO is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. What this means is that no matter how large your swap amount is, it will not cause the value of the asset to change!
1. For my first ever @ethereum protocol breakdown, I'll be talking about @Bancor! What exactly are they and what do they have to offer? Read on to find out.
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@ethereum@Bancor 2. Fun Fact: @Bancor is actually the decentralized exchange (DEX) to pioneer the liquidity pool model! Talk about the true OGs 🔥
@ethereum@Bancor 3. Pfttt another DEX again? Can this get any more boring?
Hold your horses peeps. Bancor isn't just another run-of-the-mill DEX. They are one of the very few DEXs that offer these mind-blowing features:
1. Single-sided staking 2. Impermanent loss protection 3. Autocompounding.
The past 2 weeks have been an absolute heartbreak. A thread on my thoughts and my plans moving forward.
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2. I experienced the euphoria of seeing my portfolio grow 40%, followed by the despair of seeing it lose 95% of its overall value when the Terra Ragnarok occurred.
3. I felt like I lost a huge chunk of my life. What was even more painful than the monetary loss was the opportunities that were starting to surface. They disappeared as just as fast. Months and months of hard work, gone up in flames.