What Exactly Is SynAssets
SynAssets will begin on Polygon as a robust consensus aggregation network with significant liquidity and minimal liquidation risk, thanks to early consensus members.
SynAssets will introduce five major innovations, including SynAssets Assets, Initial Decentralized Offering, consensus aggregation network, (5,5) Consensus, and deflation mechanism, in addition to bringing the fair issuance mechanism of Olympus, Protocol Owned Liquidity, and 3.3 Consensus into the synthetic asset’s world. Because of the consensus, all consensus members in the SynAssets ecology will see their wealth grow.
In order to make the aim a reality, SynAssets will bring in more consensus participants, such as KOLs, blockchain aficionados, investment institutions, and so on. SynAssets will become valuable in and of itself when it produces value for everyone.
SynAssets will collaborate with consensus participants in the future to develop and launch new features such as DAO governance in order to create the SynAssets ecosystem together.
SynAssets has four major use cases:
• ICO
• Consensus Network
• Staking
• Bonding
SynAssets ecology allows consensus builders to join in one of four ways: IDO, stake, bond, or consensus network. Consensus people can participate in the IDO of SAT by participating in community events (SynAssets Token). They can get early quotas, hold SAT, and participate in IDO for other sAssets like sMatic, sETH, sDAO, and so on.
Participants in the consensus can earn extra tokens by staking sMatic, sETH, sBTC, and other tokens. They may also gain dividends by locking LP, DAI, Matic, or ETH tokens for a set length of time and purchasing sTokens at a discounted price.
Participants in the consensus network can be rewarded with consensus rewards by inviting new users to join the consensus.
The token quota in the early stages provides the key benefit for IDO members, allowing them to benefit from the wealth growth brought about by the development of SynAssets ecology.
The benefits of staking are derived through supply increases. New sToken will be issued when sAsset Treasury assets grow, with the majority of them going to pledgers. As a result, the pledger’s yield is derived from the compound interests generated by the staking. Staking is, of course, subject to token price changes. In other words, if the staking payout grows faster than the risk of price drop (due to inflation), the staking user will profit.
The biggest advantage of bondholders is price stability. Bondholders should stake LP or tokens that can be redeemed at maturity to earn a set return. Their gains are determined by the maturity price of the LP or token. They can gain money if the price rises or stays the same.
The quantity of engagement of their invited users is related to the interests of consensus network participants.
Those interested in participating in SynAssets ecological governance can join the Discord community via this link (https://discord.com/invite/synassets) early on and later participate in governance through DAO ideas, voting, and other means. SynAssets is always looking for additional consensus members to help build the SynAssets ecosystem.
Let’s discuss $SAT’s capabilities:
The platform token for the whole SynAssets ecosystem is $SAT. There is no pre-mining or team reservation with IDO’s open and fair distribution method. Through the whitelist, all consensus players can get SAT tokens; the token utility will be established by DAO governance.
According to the team, 80 percent of IDO’s first funds will be deposited in treasury and dispersed to ten new sAssets, and holders of SAT tokens have access to IDO, governance, and other aspects of all sAssets Projects in the ecosystem. Furthermore, they are covered by the limitless deflation mechanism.
To learn more about SynAssets Visits the below links;
Website:www.synassets.finance
Twitter:https://twitter.com/SynAssets
Discord:https://discord.gg/BzVUJJszaU
