Sypool is about to cross-chain onto Aptos and Sui!
Sypool is an asset management protocol based on Solana that aims to manage users’ wealth and provide a platform for experienced trading teams to deploy their strategies.
Now we are going to deploy on Aptos and Sui to expand users and provide better services with stability and fast speed.
Brief intro to Aptos and Sui
Aptos and Sui are emerging blockchains written in a Rust-based programming language-Move. Both Aptos and Sui use proof-of-stake as their consensus mechanism. Instead of a home validator case or large-scale decentralization, they aim to optimize scalability by maximizing network capacity, similar to Solana.
The features of Aptos and Sui
Aptos：
- Experienced and trustable founders
- Integration of advanced technologies
- High performance
- Safety & Security
- Low transaction cost
- Easier upgrades
- Efficient transactions
Sui:
- High performance
- Performance under faults
- Security assumptions
- Efficient local read operations
- Easier developer experience
- Unique security approach
- Improved UX for web3 projects
Why Aptos and Sui？
As an asset management platform, Sypool is committed to giving users the most cost-effective and efficient service. With Aptos low transaction cost and efficient transactions, Sui’s high performance and unique security approach, we can provide our users with better service.
The stability of Chains is of vital importance. When there is volatility in the market, the volume of transactions on the chain will increase, which very much tests the capacity of the chain and is directly reflected in the TPS (transactions per second). For Sypool, the ability to trade instantly directly affects the yield of our fund.
In summary, that’s why we choose Aptos and Sui. Let’s look forward to our collaboration with them!
About Aptos
Aptos also referred to as Aptos Labs, is a Web3 start-up building a layer-1 blockchain. The company is utilizing Move, the language originally developed for Diem, a blockchain initiative that has been abandoned. Aptos utilizes major elements of the former Diem blockchain and the Rust-based programming language that was independently developed by Meta.
About Sui
Sui is a decentralized permissionless smart contract platform biased toward the low-latency management of assets. It uses the Move programming language to define assets as objects that may be owned by an address. Move programs define operations on these typed objects including custom rules for their creation, the transfer of these assets to new owners, and operations that mutate assets.
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.
