A new standard of treasury-backed DeFi. Join the community: https://xitter.cf/t.co/PB4srzQOp7
Joined May 2021
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You guys have seen nothing yet.
The launch of our stablecoin is around the corner and will blow $SYNC up beyond anyone's expectations.
Brace yourself.
This is the final tweet in this thread. Be wary of accounts impersonating Syncus EVEN WITH A GOLD BADGE!
The official Twitter is @Syncus_Fi
This is the final tweet in this thread. Be wary of accounts impersonating Syncus EVEN WITH A GOLD BADGE!
The official Twitter is @Syncus_Fi
The Syncus Stablecoin
The system is inspired by @LiquityProtocol.
The core idea is simple: Use $SYNC tokens as collateral to mint our stablecoin.
This reduces the circulating supply of SYNC, boosting its price due to increased demand and decreased supply.
The introduction of our stablecoin serves multiple purposes.
Importantly, it offers a way for SYNC holders to unlock the value of their tokens without selling them.
By minting our stablecoin $syUSD, users can access the worth of their SYNC tokens.
As the value of SYNC appreciates, so does the collateral value in their CDPs (Collateralised Debt Positions), enabling the minting of additional sUSD.
How it works:
Users lock SYNC in a smart contract to form a CDP.
This lets them mint our stablecoin $syUSD pegged to SYNC’s market value.
To safeguard against market volatility, more SYNC is locked than the $syUSD issued, ensuring each stablecoin is over-collateralised.
Adjustments to the collateralisation ratio, based on thorough risk analysis, ensure stability.
If a CDP's $SYNC value falls below a certain threshold, it gets liquidated to repay the stablecoin debt to ensure for a sustainable system.
Utility and liquidity:
We are setting up a @CurveFinance pool for 1:1 swaps with USDT/USDC/DAI pairing, providing instant liquidity and usability.
This means our stablecoin can be easily exchanged, used for transactions, or as a stable trading pair, expanding its utility beyond our ecosystem.
This is the final tweet in this thread. Be wary of accounts impersonating Syncus EVEN WITH A GOLD BADGE!
The official Twitter is @Syncus_Fi
IMPORTANT UPDATE:
The distribution supply of Syncus is now fairer than ever. Big holders have mostly exited allowing for price action to continue going up.
As we said in our recent blog, taxes will be adapted to market dynamics to ensure the Syncus token survives.
When prices were high, we raised the taxes to absorb sell pressure.
Now that prices are low and have hit bottom, these changes have gone live:
- Sell tax has been reduced to 2.5%
- Unstaking tax has been reduced to 20%
- A big portion of ETH has been taken out of the Uniswap LP to allow for an easier increase in price.
- $SYNC is now listed on many exchanges with plenty of liquidity.
Let the game begin...
This is the final tweet in this thread. Be wary of accounts impersonating Syncus EVEN WITH A GOLD BADGE!
The official Twitter is @Syncus_Fi
Syncus DAO retweeted
📢 $SYNC trading is now LIVE on #BitgetSpot. @Syncus_Fi
🔥 Come and grab a share of 280,000 SYNC!
🚀 Trade now: bitget.com/spot/SYNCUSDT
Find out more about $SYNC ⤵️
📢 New Listing - $SYNC @Syncus_Fi
#Bitget will list SYNC/USDT with 280,000 SYNC up for grabs!
🔹Deposit: opened
🔹Trading starts: 11:00, Mar 21 (UTC)
More details: bitget.com/en/support/articl…
Trading is now live on Gate.
🔔#Gateio New Listing: $SYNC @Syncus_Fi
⏰Trading Starts: 08:00 AM on March 20th (UTC), 2024
📈Trade Here: gate.io/trade/SYNC_USDT
#NewListing #GateioStartup #Launchpad
Supply APY won't stay this high forever.
Take advantage now while you can.
Lending on the Ethereum main-net is going insane.
The demand for borrowing is so high that we're seeing 4 digit APYs.
It will go down once more is supplied but still pretty cool to think you can get 600%/mo on stables.
@Syncus_Fi
Remilio.
Syncus DAO retweeted
🆕 Spot New Listing $SYNC
📈#DigiFinex will open deposit: Mar. 13th 2024 7:00(UTC) @Syncus_Fi
👉Trade $SYNC on #Digifinex, One Step Faster!
Trading Link: tinyurl.com/yc66e59e
Listing Info: tinyurl.com/ny2wrc74
Syncus DAO retweeted
🚨 #CoinW Listing Alert!
$SYNC @Syncus_Fi will be Listed on 13th March 2024, 8:00 UTC.
🔸 Deposit: 13th March 2024, 8:00 UTC
🔸 Trading: 13th March 2024, 8:00 UTC
🔸 Withdraw: 14th March 2024, 8:00 UTC
📚 #Syncus is a DeFi project offering innovative financial products. With a focus on accessibility, it enables users to earn high yields through unique staking and referral programs to drive sustainable growth.
Learn more: coinw.zendesk.com/hc/en-us/a…
Our lending platform is now live on mainnet Ethereum!
You can farm $SYNC with 25% APY by depositing:
ETH - USDC - WBTC
The supply APY for the native asset fluctuates due to supply/demand mechanics but the 25% APY on $SYNC remains steady.
Start borrowing/lending:
bank.syncus.fi/markets/
This is the final tweet in this thread. Be wary of accounts impersonating Syncus EVEN WITH A GOLD BADGE!
The official Twitter is @Syncus_Fi
Syncus DAO retweeted
🚀 New listing 🚀#XT #cryptolisting @Syncus_Fi
XT.COM will list #SYNC (Syncus) in the Innovation Zone (DeFi) under the USDT trading pair.
✅ Deposit: Opened
✅ Trading: 10:00 on March 11, 2024 (UTC)
✅ Withdrawal: 10:00 on March 12, 2024 (UTC)
Details ⤵️
xtsupport.zendesk.com/hc/en-…
Syncus DAO retweeted
🚀 Poloniex New Listing $SYNC @Syncus_Fi
✅ Deposit open on Mar 12th, 12:00 (UTC)
✅ Full trading enable on Mar 12th, 13:00 (UTC)
Details: support.poloniex.com/hc/en-u…
