Why we chose Solana?

Well, it’s a long story. So, long story short:

Solana is one of the few, if not the only, blockchain that qualifies for the real finance.

Right now, many other blockchains, Ethereum included, couldn’t handle the high TPS needed for payment and transaction.Visa, for example, might need to deal with millions of transactions per second, far exceeding all blockchains. The most approaching one is Solana, which is extremely fast and efficient with its TPS up to about 60,000.

Besides speed, Solana has some other advantages which make it hard to resist:

💻It is developer-friendly:

Solana has launched Wormhole, a secure, decentralized bridge connecting Ethereum to Solana. Wormhole allows projects to move their tokens smoothly across blockchains without teams rewriting their code.

💸It also has a lower transaction fee:

Thanks to the high TPS, it’s unnecessary for traders to compete or bid to get their transactions confirmed so the gas fee of Solana is low. It has the ability to send 1 million transactions across the network for approximately $10 USD.

🚩It has good scalability:

They don’t introduce any additional complexity through sharding or Layer 2 solutions.

Together with Solana, we can have some “chemical reactions”.

📈Lower implicit cost, higher yield

Fund managers hate a high cost on trading, which will lower their yields and have a limitied range of tokens to invest. Solana’s high speed and low gas fee is what we need to take responsibility for both our managers and investors.

🏃Integration both ecosystems of Solana and Ethereum

Since the Wormhole has opened the gate for assets to flow freely between Solana and Ethereum, Sypool will build a bigger ecosystem based on both chains and contribute itself to both chains.

🧬Symbiosis

Symbiosis is the relationship of growing together, like Solana and Sypool, neither of us have a long history, which means neither of us have a past burden to carry. So as new-born, we could share the future together.

However, it is only part of the picture.

We, along with our users, value the same idea as Solana does. We are doing all this because the status quo is far from satisfactory, and we want to do something about it. Hopefully when the next crypto generation reaches, they could enjoy a better crypto world than we did.

So, not only we chose to develop our ecosystem on Solana, but we chose to grow with Solana, and we are more than willing to provide our effort and contribution to Solana’s ecosystem.

“This is a wonderful world, a world worthy of our effort. But I only believe the latter part.”

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