Protocol features

Introduction

SYNTHR's advanced cross-chain infrastructure powers a secure zero-slippage execution environment, allowing cross-chain transactions to function at their theoretical limits. It consists of a combination of pull and push oracles, a zero-slippage omnichain liquidity layer, and multiple independent consensus layers, giving you access to an innovative cross-chain liquidity solution.

Omnichain global debt pool

The omnichain global debt pool aggregates cross-chain collateral and debt balances, allowing you to add high-quality liquid collateral on multiple chains and mint omnichain syASSETS on any chain. This enables the creation of overcollateralized debt positions with decentralized cross-chain solvency. The omnichain global debt pool acts as the counterparty for all zero-slippage cross-chain swaps.

Architecture

The architecture consists of multiple light chains and a main chain. The main chain exclusively hosts the aggregator contracts, enabling gas-optimized cross-chain synchronicity. This eliminates the need for any off-chain computations to save gas fees and ensures a censorship-resistant framework.

Hedge pool

The hedge pool issues hedge pool tokens and swaps its deposits for the current composition of the omnichain global debt pool, ensuring delta neutrality. It rebalances these hedge pool tokens to capture the evolving composition of the omnichain global debt pool. This enables you to generate delta-neutral yield from protocol liquidations and protects you from any sharp second-party debt balance volatility.

SYNTHR debt shares

Every time you mint omnichain syASSETS, you generate personal and protocol debt. The omnichain global debt pool, which represents overall protocol debt, works on the model of debt load sharing. This means that all users are collectively responsible for the protocol's solvency. Your SYNTHR debt shares correspond to your ownership of the omnichain global debt pool.

Omnichain syASSETS

Omnichain syASSETS enable you to seamlessly move between chains without conventional bridges. The zero-slippage omnichain liquidity layer utilizes a combination of pull and push oracles to burn and mint omnichain syASSETS across chains, enabling zero-slippage cross-chain swaps. The combination of oracles ensures price feed accuracy and reliability, while the swaps generate protocol revenue.

GMP aggregator

The GMP aggregator utilizes multiple independent consensus layers to validate cross-chain messages, ensuring democratic and trustless cross-chain finality. This creates an operational barrier between the core contracts and relayers, preventing collusion between the two.

Liquidation engine

The liquidation engine liquidates undercollateralized users, preserving protocol solvency and health. It burns the SYNTHR debt shares of liquidated users and redistributes their collateral and debt balances among remaining SYNTHR debt shareholders. This requires the liquidation engine to carry out cross-chain collateral liquidations and swap them for SYNTH before distribution.

Use cases

Along with countless other examples.

• Build DeFAI agents with cross-chain intelligence.

• Build scalable omnichain applications, free of liquidity constraints.

• Build DEX aggregators that utilize omnichain syASSETS for cross-chain swaps.

• Build payment solutions that utilize omnichain syASSETS as a global settlement layer.

• Mint and trade synthetic alts, BTC, memes, RWAs, and stables with zero slippage.

• Transfer value between chains with heightened efficiency and security.

• Utilize omnichain syASSETS to borrow assets or trade perpetuals.

Real yield

Farming rewards

Farm your LP tokens to earn farming rewards.

Liquidation rewards

The liquidation engine distributes liquidation rewards.

Minting rewards

Mint omnichain syASSETS to earn minting rewards.

veSYNTH rewards

Create veSYNTH to earn veSYNTH rewards.

Revenue distribution

Current distribution schedule.

• Burn SYNTH: 0%

• Minting rewards: 60%

• Protocol operations: 10%

• veSYNTH rewards: 30%

• Zealy XP: 0%

Security

The GMP and oracle aggregators ensure high levels of transaction security and mitigate front-running risks. Comprehensive insurance, periodic bug bounty programs, regular external audits by third-party firms, and rigorous internal audits intensify overall protocol security.