Sypool monthly report for May

May has passed with the mainnet beta launch successfully. We’ve done a couple of exciting achievements this month. Let’s go over the details of what we’ve done in May and the vision of the future.

📝About the project

a. Mainnet beta launched. Our mainnet beta is live for public testing now. All users who have completed tasks are eligible to share up to 2,600,000 $SYP (Final Prize Pool + Weekly Prize Pool + Farming Reward).

There are still four weeks before the event ends. Feel free to test out our mainnet and give us feedback.

📍Venue: https://sypool.io/

b. Opened up the AMM pool on Raydium and accepted SIX-SYP LP farming on our dapp. The APY is sent around 150%.

Users can get the LP token by providing liquidity on Raydium.

📍 https://raydium.io/liquidity/add/?coin0=HWSqJdwemji7TNiKQPudUj86LXyF3vGAtWm5ePk5KzgD&coin1=FnKE9n6aGjQoNWRBZXy4RW6LZVao7qwBonUbiD7edUmZ&fixed=coin0&ammId=3PhjEuXsufThq4y9aAvM7wiMrQaaNTKqJT3XCRM8YwTS

c. Testing Quant SAP privately, which includes shorting strategies. Once finished, it will be open for public testing.

d. Staking Version 2 online, which solved the migration problem perfectly, now stakers will get one auxiliary token after finishing staking.

Now the staking function of Version 1 is closed but the other functions remain the same, so users can still withdraw their staked tokens in version 1 after maturity.

🧬About the tech

a. Fixed the bug of harvest function that occurred in Staking V2.

b. Started coding farming version 2 which will get the accurate data from Raydium and introduce the due yield function.

c. Testing Quant SAP.

👨‍👩‍👧‍👦About the community

a. Twitter Space with BitzMart Exchange

Check out the record here:

https://twitter.com/BitMartExchange/status/1521207475734777859?s=20

b. Twitter Space with Solana News

Check out the record here:

https://twitter.com/SYP_Protocol/status/1528980744886185984

c. AMA with Define Art in telegram group

d. Mainnet Beta Test

Week 1 Snapshot taken+ Week 1 Rewards released

Week 2 Snapshot taken+ Week 2 Rewards released

Some future plans

Project:

More listings.

Make improvements based on the mainnet testing result.

Reach out to some potential partners.

Invite other trading teams to deploy strategies on our platform.

Start new SAP public testing.

Design and test more interesting SAPs.

Tech:

Test new SAPs.

Improve UI for both PC and mobile.

Design and develop new functions.

Community:

More activities with other projects are being planned.

Twitter Space with other projects.

Investors and partners:

Collaborate with protocols and wallets with dapp stores to launch our dapp.

Collaborate with trading teams and other projects to launch new SAP.

📟If you want to know more about Sypool, follow us on Twitter, join us on Telegram, drop in discord.

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