Visual Yield Farming via NFTs
Next Generation DeFi
SYNC Network brings Cryptobonds to the market place. Cryptobonds are a new type of Financial NFT’s (non-fungible tokens). This marks the beginning of a brand new asset class. Built as a platform to strengthen crypto as a whole. A wide variety of tokens are available to create Cryptobonds with. Earn SYNC on your long-term crypto holdings while strengthening the liquidity of that asset.
Cryptobonds can be TRADED. Don’t want to wait for your bond to mature? sell them! Or speculate and buy others’ CryptoBonds.
Fully tradable Financial NFTs. CryptoBonds create incentive for existing and new users to strengthen decentralised liquidity pools. Liquidity pairs that are approved for CryptoBond creation have individualised liquidity mining reward rates that readjust daily based on that pools market supply and demand.
Cryptobonds employ a unique crypto risk management strategy. By requiring Cryptobonds to be a minimum of 50% SYNC tokens. This increases the stability of the SYNC token and the liquidity pools associated with it.
The SYNC Network is a two-contract project, composed of the SYNC (ERC-20) contract and the Crypto Bond ERC-721 contract. SYNC tokens have an undefined total supply with inflationary and deflationary attributes through the interactions with Crypto Bond creators.
Trustless Transfer The ability to transfer your Cryptobonds to another wallet address at only the expense of a GAS fee.
Trustless Trading. Decentralized trading of your Cryptobonds at market value.
Trustless Proof of Long Term Position. Cryptobonds provide an absolute baseline for a liquidity pool. Liquidity cannot be removed before the Cryptobonds maturation.
At time of creation, a Crypto Bond takes equal dollar amounts of liquidity provider tokens from Uniswap and SYNC tokens and locks them into an ERC-721 Non-Fungible Token (NFT). Periodic Crypto Bonds can be created to produce periodic rewards for bonds 1 year or longer, Simple Crypto Bonds only produce the SYNC rewards upon maturation although may have higher reward rates. Term Crypto Bonds are available in 90 day, 180 day, 1, 2, & 3 year time durations. If a Periodic CryptoBond is chosen, it allows the withdrawal of a quarterly payment of SYNC any time after each 90-day time period is up. When a CryptoBond matures, liquidity tokens are returned and all Uniswap fees are still the holder’s to keep.
Supply and demand based mining reward rates. Rates readjust daily to meet supply and demand rates of the SYNC token total available supply.
When a Crypto Bond is created the SYNC tokens contained within are removed from total supply. Upon maturation of the Crypto Bond the SYNC tokens are re-minted, along with the earned SYNC reward.
Trading CryptoBonds brings a new speculative aspect to the crypto market place. A new way to trade while supporting the base market DEXs with liquidity.
SYNC Network incentives strengthening of liquidity pools. The idea behind this is the more liquidity that is locked via Crypto Bonds directly correlates to more market certainty for users.
New dynamic way to trade while protecting liquidity
Traditional risk mitigation meets High Yield
Customise your Crypto Bond to your liking
Cross chain assets through the use of the REN protocol
Tokens are available to be minted daily for one year.