- What is SYNC Network and what are CryptoBonds? -TRADABLE LOCKED LIQUIDITY
- The Problems with "Locked Liquidity" -All current liquidity locking options are currently copies of existing models.
The pain model: Extreme fees for unstaking early (Horrible)
The yield model: Earn divs and pull liquidity anytime (Slightly Better, but doesn't truly lock liquidity)
The stuck model: Locked liquidity but you can do nothing with your stakes
- Our Solution-We've created a method that locks the liquidity on Uniswap into a tradable NFT called a CryptoBond.
CryptoBonds are created from locking Uniswap liquidity with our SYNC token.
*The CryptoBonds are termed for 90 days to 3 years which locks the liquidity on Uniswap.
*The CryptoBonds can be bought and sold on multiple NFT marketplaces.
*The Uniswap liquidity cannot be pulled until the bond Matures.
-In Summary-CryptoBonds are an NF'T token and therefore are unique, tradable, and sellable. The bonds will be tradable on any NFT marketplace such as Opensea.io.
- Abstract from white paper- Projects in the decentralized finance space have been utilizing stake and proof-of-liquidity mechanics to develop a trustless decentralized market. However, the massive successes of these mechanics came with some new problems. CryptoBonds addresses these problems by offering a solution with ’tradeable stake positions’, requiring the bonding of Uniswap liquidity pairs with our ERC-20 token (SYNC). The CryptoBond smart contract allows users to mine SYNC by staking a bond between SYNC and Uniswap liquidity provider tokens. CryptoBonds are a tradable ERC-721 (NFT) with collectible attributes and SYNC-mining features . The CryptoBond smart contract automatically adjusts its SYNC mining reward rates depending on the SYNC economy. SYNC rates decline as a result of net CryptoBond creation and increase when CryptoBonds cause new SYNC to be minted and issued to the CryptoBond holder (which may happen entirely at ‘maturity’ of the CryptoBond or on a more periodic schedule—see “CryptoBond Types” below).
The SYNC Network works to bring stability and risk mitigation to decentralized finance by demonstrating a long-term backbone for liquidity pools, building a needed, stable foundation for the DeFi space in the long term and helping to foster a more robust decentralized market.
-Important Features-CryptoBonds employ a unique risk management and liquidity-commitment incentive strategy. At time of creation, a CryptoBond takes equally valued amounts of liquidity token pairs from Uniswap and SYNC and then virtually ‘locks’ them into an ERC-721 Non- Fungible Token. At a technical level, the locking of SYNC occurs by ‘burning’ the SYNC from the total supply until maturity of the CryptoBond.
- Current Progress -The project is fully completed and launches on cyber Monday, November 30th
The NFT contract is completed, and audited by Coinfabrik
https://blog.coinfabrik.com/cbond-smart-contract-audit/For more information see this page for more project information. This is not a comprehensive overview and only an introduction to the concepts of the SYNC Network.
https://syncbond.com or
https://docs.syncbond.com-Example Bond Image-
https://img.syncbond.com/bond/1111.png
-Socials->>Telegram:
https://t.me/SYNC_NETWORK>>Discord:
https://discord.gg/7D7k7ng>>Twitter:
https://twitter.com/SYNCTOKEN>>Instagram:
https://instagram.com/syncnetworkofficial?igshid=1t1dtp5hsphcn>>Reddit:
https://www.reddit.com/r/SyncNetworkOfficial/>>Medium:
https://medium.com/@cryptogenik
- Charts ->>
https://beta.dex.vision/?ticker=UniswapV2:SYNCUSD-0xFb2F545A9AD62F38fe600E24f75ecD790d30a7Ba&interval=360>>
https://www.dextools.io/app/uniswap/pair-explorer/0xfb2f545a9ad62f38fe600e24f75ecd790d30a7ba>>
https://coinmarketcap.com/currencies/sync-network/>>
https://www.coingecko.com/en/coins/sync-network>>
https://coinpaprika.com/coin/sync-sync-network/>>
https://blockfolio.com/coin/SYNC_2>>
https://www.livecoinwatch.com/price/SyncNetwork-SYNC
- Our Docs ->>
Gitbook:
https://sync-network.gitbook.io/ https://sync-network.gitbook.io/sync-network/introduction>>
Whitepaper:
https://pdfhost.io/v/eJxdO5.YU_SYNC_NETWORK_Whitepaper_v20.pdf
