Sypool 2022 Yearly Report
In 2022, DeFi entered the severe winter with the TVL and transaction volume decreasing. Sypool kept developing and designing new products as well as making new plans for the future.
Here is a recap of what we have done and our new Roadmap for 2023.
About the Project
Sypool made many big steps in 2022, such as:
a. Launched the fully decentralized staking program
Sypool’s staking is designed to be fully decentralized which gives users the whole control over their staked assets by creating Program Derived Address for every staking.
Details for our staking program can check:
b. Fixed the migration problem by launching staking V2
c. Mainnet beta launch
Sypool launched the mainnet beta and released the first product, Solana Eco Index for function testing. More products will be launched in 2023.
Check the following article for the tutorial:
d. Integrated 0xGen to provide a multi-chain swap function
0xGen is the ultimate liquidity aggregator that sources liquidity among 400 dexs on 18 chains.
Sypool integrated its widget to provide a better swap experience with the best price and the lowest slippage.
👥About the Community
We held a lot of events to grow our community last year, here is a brief introduction to some of the big events.
- Sypool & 1Sol held a campaign with 16 projects to celebrate Christmas, and 8.9k users participated.
- Sypool held a giveaway to express our gratitude to $SYP holders, and the number of participants reached 1.5k.
- Sypool held a campaign partnering together with Zebec, Tap Fantasy, Sentre, Larix, Meta2150s and 0xgen to fight against the bear market, and the number of participants reached 5k.
- Sypool held a Eight-Week Giveaway to celebrate Mainnet Beta launched, and the number of participants reached 3.7k.
Of course, we also participated in many large joint events held by our partners, such as the 0xGen World Cup event, the Galxe SOL Cool event, the DeFine Anniversary event, the 0xGen Halloween event, etc. All of these attracted thousands of users.
At the same time, we also did a lot of AMAs to expand our community and let more people know about Sypool. One of the Christmas-themed AMAs hosted in the Galxe community attracted 2k+ users to participate, the Christmas-themed AMA held in Sypool community also had 200+ users participating and the AMA we held with Sentre also had 100+ users participating
About the Partners
We had some new partners last year, please stay tuned for more of our collaborations this year.
- Meta2150s: a multi-chain platform for GameFi, NFT, Guilds and Game enthusiasts.
- Sentre: the DApp Store for All Things Solana.
- Tap Fantasy: an MMORPG blockchain game! Come Tap for Golds.
- 0xGen: the ultimate-liquidity aggregator trading platform.
- BitWell: the world’s leading trading platform for growth assets.
- Zebec Protocol: a multi-Chain Continuous Settlement Protocol.
- 1Sol: a cross-chain DEX aggregator on Solana.
- Pyth Network: smarter data for smarter contracts.
- Space Falcon: an intergalactic solana metaverse featuring PvP space shooter game with premium Sci Fi NFTs.
2023 Roadmap
Sypool is planning the roadmap for 2023 and already has two plans in the pipeline.
Multi Chains Integration:
We believe high-performance layer ones such as Aptos and Sui, and scalability solutions, layer twos are sustainable issues for the infrastructure of blockchains so we are always open to integrating high-performance chains to provide better financial services to Web3 natives.
Some popular chains with high TPS and low gas fees such as Aptos, Sui， BNB Chain, Arbitrum, etc. are our priority in terms of high-frequency trading strategy cost.
After launching our Dapp on multi-chains, Sypool will also integrate more dexs to support multi-chain trading thereby providing more SAPs with different trading strategies cross-chains.
Investment DAO:
Due to the Luna and FTX event last year, the awareness and demand for decentralization and transparency have increased significantly. So we decided to code an Investment DAO platform for investment groups.
An investment DAO is a decentralized community-driven fund. Managers can set up a vault and investors deposit their tokens to get a share and have voting power on investment decisions.
Details can read:
About Sypool
Sypool is a synthetic asset management protocol built by the professional quantitative trading team.
This is another innovation that we have migrated finance from off-chain to on-chain. This idea was inspired by both 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 scarce liquidity for the cryptocurrency market.
Therefore, you can consider it as a fund share, or you can consider it as a mirrored token pool asset, or your own portfolio, as well as other new uses that may appear in the future.
