Pool or Fund？

This is the first blog of Sypool. We want to say hello to you first.

📝Sypool is a synthetic asset management protocol.

Last year, we’ve seen the enormous growth of DeFi together with the birth of crypto asset management industry. It seems that this industry has drawn more attentions from both crypto natives and un-natives. That’s why we want to create a new alternative for everyone.

💡A new innovation in asset management industry

This idea was inspired by off-chain fund companies and packaged asset derivatives. On the one hand, we tokenize fund shares. On the other hand, this share token actually represents a small part of a multi-token pool, thus providing the scarce liquidity for the cryptocurrency market.

Therefore, you can consider it as a mutual fund, where you share the profit or loss. Or as a mirrored token pool asset, it reflects the performance of the market. Choose your portfolio, be your own manager or develop new uses in the future…

All of this is built on Solana, a fast and high-powered blockchain with its TPS of up to 60,000.

Well, everything begins with minting.

Current total value of one SAP pool in USDT can be got at any time through feeding price by the oracle (such as Chainlink). The amount of (USDT, BTC, ETH, SOL or governance token SYP) needed to mint a new SAP at current time can be got by dividing the total value by the current number of SAP tokens.

In addition, fee (the percentage varies from each pool) is used to repurchase and burn the governance token SYP every week. We will also reward governance token SYP to early birds.

Now you have SAP tokens, you can hold and earn the yields or you can trade them in the secondary market.

If you want to get your tokens back, you can always burn SAP tokens in the protocol.

Users can exchange their SAP tokens into specified (USDT, BTC, ETH, SOL or governance token SYP) tokens at any time. The amount is also determined by the total value of the SAP pool at current time and the total number of N.

⏳Future plan of Sypool:

The Sypool team has abundant experience in quantitative trading across cryptocurrency and huge knowledge of blockchains. The team began building Sypool in the spring of 2021.

“ It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way ”, said Charles Dickens.

As we say, it’s the age of DeFi.

📟If you want to know more about Sypool, follow us on Twitter, join us on Telegram. Let’s do this together.