Thread by @0xFastLife

1/
🪂 Airdrop Hunt x Let's discover 🔍

𝗦𝗬𝗡𝗧𝗛𝗥 𝗣𝗥𝗢𝗧𝗢𝗖𝗢𝗟

@synthr_defi is a synthetic asset protocol that enables users to mint & trade on-chain derivatives of various financial assets using trustless financial contracts

#airdrop #airdrops

2/ Synthr uses novel systems for collateral man- agement, risk mitigation, price stability, cross-chain interoperability, and composability

I will present you the project in this thread 🧵
read carefully until the end to not miss an opportunity to qualify for a nice #airdrop 🪂

3/ Synthetic assets are important to understand and Synthr is positioned as a major player in this field 🏅

To make this presentation simple and complete at the same time, find here a lighter thread, and a more detailed version in my @NotionHQ article : 0xfastlife.notion.site/Airdrop-Hunt-x…

4/ 🅂🅄🄼🄼🄰🅁🅈

1️⃣ What is synthetic assets ?
2️⃣ An introduction to SYNTHR
3️⃣ Technology
4️⃣ Partners
6️⃣ Testnet
6️⃣ $SYNTH token & Airdrop

5/ 1️⃣ What is synthetic assets ?

They are financial instruments that derive their value from something else.
These assets are created through the use of smart contracts & blockchain-based technologies. They aren't the underlying asset themselves, but synthetic replicas of them.

6/ An example :

I.e. synthetic asset is a synthetic $BTC.
It's a digital asset that tracks the price of Bitcoin. It is created by collateralizing another cryptocurrency, such as $ETH, and using that collateral to issue a synthetic token that represents the value of #Bitcoin

7/ 2️⃣ An introduction to SYNTHR

There are already platforms to trade Synths on chain within DeFi, but they do not allow to fully exploit the potential of the Synth market…

So, what is the added value of @synthr_defi ?

8/ Let's look at its features :

🔸Minting of syAssets (Borrowing)
🔸Trading and Farming of syAssets
🔸Yield Optimizer (SynthVaults)
🔸Social Trading
🔸Liquidation as a Service (LaaS)

𝘋𝘦𝘵𝘢𝘪𝘭𝘦𝘥 𝘦𝘹𝘱𝘭𝘢𝘯𝘢𝘵𝘪𝘰𝘯s 𝘪𝘯 𝘮𝘺 𝘕𝘰𝘵𝘪𝘰𝘯 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 😉

9/ A particular point that I really like !

Similar to what the larger real yield protocols like #GMX and #VELA offer, users who help develop the platform and provide liquidity will be rewarded with a portion of the platform fees.

See below for details of the fee distribution.

10/ 3️⃣ Technology

SYNTHR Protocol 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 synthetic versions of assets

11/ This assets could be cryptos, stocks, currencies, bonds & commodities.
To prevent manipulation, @synthr_defi will only use truly decentralized oracle services to ensure a censorship resistant and trust-less DeFi ecosystem.

The most famous of these oracles is Chainlink🔮

12/ 4️⃣ Partners

Synthr has already established some very strong partnerships and the list is growing by the day...

(@𝘈𝘭𝘦𝘱𝘩__𝘡𝘦𝘳𝘰 𝘩𝘢𝘴 𝘫𝘰𝘪𝘯𝘦𝘥 𝘵𝘩𝘪𝘴 𝘱𝘳𝘦𝘴𝘵𝘪𝘨𝘪𝘰𝘶𝘴 𝘭𝘪𝘴𝘵 𝘢𝘴 𝘐 𝘸𝘳𝘪𝘵𝘦)

Let me introduce you to some of them 😏

13/ 💠 @chainlink

As I said, SYNTHR Protocol will be utilising @chainlink price feeds to help mint synthetic assets & keep track of protocol debt & collateralization ratios on #EthereumNetwork , #Avalanche , #BSChain , #PolygonNetwork , & more..

14/ 💠 @LayerZero_Labs

SYNTHR integrates @LayerZero_Labs to become an omnichain infrastructure protocol, allowing for price exposure to non-native blockchain assets & access to unchained liquidity, slippage-free for all.

15/ 💠 Telos

Telos is an open network, where everyone has an equal opportunity to contribute and impact the direction of the chain.

Here you can find all details and benefits of this collaboration :

link.medium.com/twPXvgeU4xb

16/ 💠 SupraOracle

@SupraOracles strives to bridge the gap between traditional capital markets and the Web3 ecosystem.

Synthr Protocol will integrate with Supra oracle price feeds to power the minting, swapping, and burning of syAssets on the Telos chain.

17/ 💠 Carbon Browser

@trycarbonio is the fastest web3 decentralized browser with AdBlock, VPN, Crypto Wallet, 100% Privacy & many other features.

Synthr_defi will be integrating with trycarbonio’s multichain wallet & offering its users slippage-free crosschain atomic swap 💸

18/ 5️⃣ Testnet

Synthr is actually in testnet Phase I.

This phase give only OG role users, the opportunity to test out staking, minting, swapping, and burning features on a select number of test tokens on #Arbitrum, Goerli, #BNB Chain, and Fuji test networks.

19/ Phase II is scheduled for the end of the month.
It will give access to people with Early Adopters discord role.

⚠️ Early adopters program is now closed, but it's still possible to get the role by participating in events on discord or by being active and helping other members

20/ 6️⃣ $SYNTH token & Airdrop

$SYNTHR Token Generation Event has been synchronized with the protocol's mainnet launch.

The vesting periods for a major part of the supply have been drawn out for as long as 60 months.

Initial Supply for $SYNTHR is 690,095,238

21/ Find the complete tokenomics in their Whitepaper.

🔥 And now, the question you've all been waiting for.. Will there be an #airdrop ? 🔥

The answer is in the Withepaper 😁But I'll help you out a bit. Here is what you will find on page 11 of the WP, in tokenomics section 👇

22/ We have finished this presentation 🤓

Count on me to do a detailed thread when testnet will be available to the public.
In the meantime, try to get the Early Adopter role to be able to access phase II..

Share with your friends & see you soon for another airdrop hunt 😊

@synthr_defi discord channel :
discord.gg/Fh7PdxRqbJ