SYNC Network offers tradable, time-locked liquidity stored in CryptoBonds, a brand new financial asset combining DeFi with NFTs.
We aim to strengthen crypto projects by incentivizing long-term liquidity providers with SYNC tokens.
Stake your Uniswap liquidity and earn SYNC ERC-20 tokens with the new tradable CryptoBond ERC-721 NFTs from our selected partners.
Audited by CoinFabrik
SYNC Network incentivizes liquidity providers with tradable high reward-generating NFTs called CryptoBonds for locking up their liquidity pool tokens.
Maximize your financial opportunity via CryptoBonds, a brand new asset class that combines DeFi and NFT mechanics in a revolutionary way
By locking your liquidity pool tokens and an equal amount of SYNC ERC-20 tokens, you’ll create a unique CryptoBond ERC-721 NFT that contains all said tokens
Lock your liquidity pool tokens within a CryptoBond NFT between 90 days and 3 years, the longer the more SYNC rewards you’ll earn on top to your Uniswap fees
Your tokens are transparently locked into your CryptoBond NFT, which you can sell on an NFT market like Rarible or OpenSea at any time – and the rarity of the artwork may even add value
Use your CryptoBonds as collateral in the upcoming SYNC Network lending platform, which allows you to get even more financial flexibility with your locked liquidity
Maturate your CryptoBond after the maturity date to mint SYNC rewards, collect included tokens and liquidity provider fees, and finally burn the CryptoBond in this process
Each CryptoBond’s artwork is randomly generated and features a rarity algorithm, which leads to over 1 trillion possible combinations and some very unique creations that may sell higher than their contained token value.
This part displays the token pair which the LPTs represent. Upon maturity, you can visit Uniswap and exchange the LPTs for these tokens plus the acquired Uniswap fees. You could also keep the LPTs and continue to earn 0.3% Uniswap fees for providing liquidity.
Here you can see which LPTs you’ll get and how many SYNC tokens in total (initial + rewards) upon maturity. Once the CryptoBond has reached its maturation date, you can collect the containing tokens, which will burn the NFT. By collecting, you’ll receive UNI-V2 LPTs + 0.3% Uniswap fees, the initial amount of SYNC, plus the generated SYNC rewards.
This part shows you the CryptoBond’s ID, it’s maturation date and the type. The type will either be a simple or periodic CryptoBond. IDs ending on 77 are called lucky and provide higher rewards rates. When trading CryptoBonds on NFT markets like Rarible or OpenSea, be sure to check the ID.
Here you can see how long the CryptoBond is locked. The longer you lock, the higher the rewards. You can choose between 90 days, 180 days, 1 year, 2 years or 3 years. Optionally you can select if you want a simple or periodic CryptoBond. The periodic one pays rewards quarterly at a lower rate than the simple Cryptobond.
This number displays the additional SYNC rewards in percentage added to the initially deposited amount when the CryptoBond was created. The SYNC token amount on the left side is already transparently exposing the total (initial + rewards). The reward rates readjust daily based on the given token pairs market supply and demand.
Each CryptoBond NFT artwork is created by an algorithm that consists of a rarity system with common, rare, epic and legendary variants. You can instantly identify the rarity by checking the border colour or the small label in the lower-left corner.
Currently, 8 different centrepiece characters with 5 variants for each exist, like Nikola Tesla warning sunglasses or Pythagoras with a Mike Tyson tattoo. On top of that, there are several passionately created backgrounds and tiny rare elements that can appear randomly on a CryptoBond NFT.
With each new NFT generation, the older CryptoBond artwork becomes deprecated and is replaced by new artwork. Therefore older NFTs share the rarity and scarcity like rare Pokémon cards, except that with CryptoBonds the bonded capital and real value are transparently visible.
Adorning the top of the artwork, two opposing women face each other with a hand extended to a butterfly that guides them towards their destination together in sync: the moon. The butterflies are the assets we hold. Their ascension isn’t via a rocket but a staircase, each step of the way building on the last. It’s a steady process to truly build wealth. Day by day, one step at a time, they ascend. Our goddesses lead us to the moon while she enjoys the journey along the way.
SYNC Network is developed by the founders and has been transformed into a decentralized autonomous organization (DAO). In this creative crypto collective, the entire community is involved and can decide which direction to take.
Scott is a DeFi enthusiast with extensive project management skills; has several years of experience in the banking industry and a background in business development.
Frank is a serial tech entrepreneur and 3x founder; he has several years of blockchain experience combined with a degree in computer science and machine learning.
Jason has several years of experience as a full-stack developer and is a coder at heart; he’s also engaging in the CryptoBond artwork and the app’s look and feel.
Ant and the admin crew keep a watchful eye on the SYNC community and ensure a positive spirit; he also actively manages the social media channels and their strategy.
Ninja is a well-connected DeFi and NFT enthusiast with several years of experience in eCommerce and online marketing business; he is a hands-on all-rounder and accelerates the growth of SYNC Network.
Crypto Keeper has a background as DevOps & App dev for a Fortune 50 financial institution and created a bot that automatically tweets new CryptoBonds.
Alex lives and breathes crypto; he has been an Advisor since 2014 and is a true Blockchain veteran and actively supports SYNC with his experience and beneficial banking background.
“SYNC Network was the brainchild of the three of us. In the late summer of 2020, many late nights locked inside during a pandemic, we would brainstorm how to incentivize and strengthen the liquidity behind decentralized exchanges using non-fungible assets on the ethereum blockchain. The idea of SYNC + CryptoBonds with dynamic tokenomics came after many iterations, and the SYNC network was born. SYNC is a DAO, so governance is based upon CryptoBond holders – the original SYNC team gives the smart contract to the DeFi community as a whole, to incentivize locked liquidity throughout decentralized exchanges, while at the same time providing a platform that fosters NFT innovation with artwork.”
Anyone who owns CryptoBonds can participate in the DAO governance and contribute their ideas by creating or voting on proposals. Take a look at the proposals provided by our very active community.
Since SYNC Network was founded in September 2020, we have already developed a fully functional DeFi platform and onboarded several well-known crypto partners. The current focus is on the SYNC lending platform, which was an initiative of the DAO community.
