‍📿Amantha

Synthetic asset protocols are not new; here’s how SYNTHR, however, is not something DeFi has seen before: 🟢 𝚂𝚈𝙽𝚃𝙷𝚁 𝚒𝚜 𝚂𝚘𝚕𝚟𝚎𝚗𝚝: All syASSETS are backed by ETH, USDC, or USDT and supported by a non-cascading liquidation mechanism, i.e. a stability pool, to ensure protocol solvency at all times. 🟢 𝚂𝚈𝙽𝚃𝙷𝚁 𝚒𝚜 𝙾𝚖𝚗𝚒𝚌𝚑𝚊𝚒𝚗: SYNTHR’s gas-optimized omnichain architecture allows it to mint an omnichain syASSET against an aggregated pool of multi-chain collateral and carry out cross-chain liquidations, enabling the protocol burn and mint syASSETS on any chain, empowering users to move seamlessly between ecosystems without using conventional AMM-based bridges. 🟢 𝚂𝚈𝙽𝚃𝙷𝚁 𝚒𝚜 𝚂𝚎𝚌𝚞𝚛𝚎: SYNTHR uses multiple independent consensus layers to validate all cross-chain communication, thereby deterring collusion between core contracts and the relayer. 🟢 𝚂𝚈𝙽𝚃𝙷𝚁 𝚒𝚜 𝙲𝚊𝚙𝚒𝚝𝚊𝚕-𝙴𝚏𝚏𝚒𝚌𝚒𝚎𝚗𝚝: SYNTHR enables users to mint against high-quality yield-bearing collateral at a collateralization ratio of 150%. The protocol also runs a dynamic DEX price protection algorithm to ensure price pegging between DEX and oracle prices of syASSETS.