1/9. We all Agree that #DeFi has Brought to us a unique financial system,
We see DeFi as a decentralized finance which means having the control of your finances.
DeFi as of today has gone beyond store of value, staking, validation, exchanges, etc.
We see DeFi as a decentralized finance which means having the control of your finances.
DeFi as of today has gone beyond store of value, staking, validation, exchanges, etc.
2/9. I will open your eye more on what DeFi can offer, but first.. What is @synthr_defi?
Synthr is a synthetic asset protocol being built on ETH, Sui, Aptos and Sei layer 1 blockchains that enables users to mint and trade on-chain derivatives of various financial assets using
Synthr is a synthetic asset protocol being built on ETH, Sui, Aptos and Sei layer 1 blockchains that enables users to mint and trade on-chain derivatives of various financial assets using
3/9. a trustless financial contracts,
I will break it down for you,
Synthetic assets are on-chain derivatives that are like traditional derivatives, for example, syETH is a synthetic Ethereum, or syUSDC, a synthetic USDC which came from the provision of a collateral.
I will break it down for you,
Synthetic assets are on-chain derivatives that are like traditional derivatives, for example, syETH is a synthetic Ethereum, or syUSDC, a synthetic USDC which came from the provision of a collateral.
4/9. Users can mint synthetic assets by providing on-chain collateral. This is made possible by the on-chain Oracle in the protocol.
This enables users to get price exposure to the underlying asset without having any ownership over it.
This enables users to get price exposure to the underlying asset without having any ownership over it.
5/9. Oracles are the backbone of DeFi because they allow conventional financial tools to be built on permissionless and censorship-resistant blockchains.
6/9. Now lets Dive deep into the uses of @synthr_defi
- @synthr_defi will allow users to create, manage, and speculate on synthetic derivative tokens that can represent any financial instrument in the world. On-chain oracle price feeds will en- able the protocol to create
- @synthr_defi will allow users to create, manage, and speculate on synthetic derivative tokens that can represent any financial instrument in the world. On-chain oracle price feeds will en- able the protocol to create
7/9. synthetic versions of assets such as cryptos, stocks, currencies, bonds, and commodities.
-@synthr_defi will offer the opportunity to generate yield using its Stability Pool, Liquidity Pools, Long-Farm Vault, Short-Farm Vault, and Delta-Neutral strategies of the Hedge Pool.
-@synthr_defi will offer the opportunity to generate yield using its Stability Pool, Liquidity Pools, Long-Farm Vault, Short-Farm Vault, and Delta-Neutral strategies of the Hedge Pool.
8/9. This basically means that uses will be able to deposit synthetic assets such as syETH and earn yields.
-Users will be able to deposit ETH/USDC Curve LP tokens as collateral to mint syUSD, then deposit the syUSD into the Stability Pool to earn #yield,
-Users will be able to deposit ETH/USDC Curve LP tokens as collateral to mint syUSD, then deposit the syUSD into the Stability Pool to earn #yield,
9/9. all while benefiting from the price appreciation of ETH and LP rewards on Curve.
Follow @synthr_defi for more information
Read there white paper here: synthr.io/static/docs/Sy…
There website: synthr.io
Follow @synthr_defi for more information
Read there white paper here: synthr.io/static/docs/Sy…
There website: synthr.io
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