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🎯
SYNTHR is a synthetic asset protocol that enables users to #mint and trade on-chain derivatives of various financial assets using trustless financial contracts💎
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 💯
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
Read the exciting news of the past week in our 29th digest 🗞️
Numerous extensions in various chains, Mainnet launches by both ecosystem projects and networks, and the @LayerZero_Labs team at @EthCC in Paris - read more below 🧵
#LayerZero #omnichain
1/ This week, @merkly_com launched their $MERK token as an OFT via @LayerZero_Labs 🖤
More than 3 months ago, on April 2nd, we conducted a review of the total number of transactions and unique wallets in @LayerZero_Labs ecosystem with help @DuneAnalytics and @cypher_frog 🔙
Want an update? Delve into 🧵and prepare for astonishing numbers 👇
#LayerZero #omnichain
1/ According to the query from @DuneAnalytics, there are currently 2,395k+ registered addresses from #arbitrum, #avalanche, #bnb, #ethereum, #optimism, #polygon & #fantom 🌐 For comparison, on April 2nd, this number was around ~678k 😵💫