Introduction of SAPs in the testnet
Top Crypto Index
Sypool’s Top Crypto Index is based on the top 5 crypto assets’ prices fed by Pyth. The weights are calculated by the circulating market cap on June 2, 2021 (our “hello world” twitter day).
Now it is BTC(62.7%); ETH(27.7%); BNB(5.1%); DOGE(3.8%); SOL(0.7%).
The weight adjustment will take place every two months to half a year. Sypool will disclose the weight after the fund adjustment
Solana Eco Index
Solana Index is based on the Top 7 crypto assets’ prices on Solana Ecosystem provided by Pyth. The weights are calculated by the circulating market cap on Dec 2, 2021.
Now it is SOL(87.81%); FTT(8.70%); RAY(1.15%); SRM(0.95%); MNGO(0.39%); PAI(1%).
The weight adjustment will take place every two months to half a year. Sypool will disclose the weight after the fund adjustment
Trader-based SAP
Trader-based SAP follows the traditional investment strategy by researching every valuable project in the crypto industries. All the transactions are proposed to be executed in DEX and fund managers are expected to release periodic report on recent events.
Now it is BTC(20%), ETH(20%), SOL(5%), USDC(55%).
Managers might adjust the allocation anytime according to their research on market and disclose the decision later as well as explaining the reason.
Quant SAP
Quant, stands for quantitative trading, is the most popular investment method in the recent financial world, aiming to use a large number of different technical indicators to find current market trends, and make directional investments based on the trend.
By coding the trading strategy, our Quant strategists could execute the transactions more frequently (more than thousands of trading per second) and with less biases (because all the trading is based on pre-set standards and rules).
And Sypool is one of the few, if not the first, to bring quantitative trading in the crypto markets. This SAP follows a BTC-ETH-SOL-USDC strategy. And Quant strategists will announce any allocation adjustment during the competition.
Now it is BTC(15%), ETH(15%), SOL(10%), USDC(60%).
Quant SAP-R1 & R2
The structured yield SAP is designed by allocating the yields of Quant SAP into two ranks. Quant-R1 is similar to a bond, which has a fixed interest. Quant-R2 represents the other layer with higher risk and higher returns.
If the Quant SAP loses to a certain degree, the structured yield SAP will stop offering liquidity to Quant SAP and start liquidation process.
The proportion and return of R1 and R2 are calculated according to the following formula.
Btw, R1 & R2 will be close-end. They will only be open for mint/burn on the first day and weekends.
🟢Testnet trading competition will start on Dec. 3rd at 9 AM UTC. Get ready for it! 💪
Note: Test SYP equals to $0.05 in the testnet.
