Protocol features

Introduction

SYNTHR utilizes omnichain synthetic assets to power a zero-slippage execution environment. The protocol brings together a combination of pull and push oracles, a zero-slippage omnichain liquidity layer, and multiple independent consensus layers, providing you with a unique cross-chain 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 the protocol's native token before distribution.

Use cases

Build DeFAI agents with cross-chain intelligence.

Build omnichain DeFi flywheels with supercharged yield.

Build low-slippage DEX aggregators powered by omnichain syASSETS.

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

Utilize omnichain syASSETS to borrow other assets and trade perps.

Utilize omnichain syASSETS to create and farm exotic DEX pairs.

vesyUSD

Time-lock syUSD to create vesyUSD. This particular vote-escrow model protects you from any value decay at the end of your time lock and provides you with protocol governance privileges, plus bonus airdrops from ecosystem protocols and early access to ecosystem private sales.

Real yield

Farming rewards

Farm LP tokens to earn farming rewards.

Liquidation rewards

The liquidation engine distributes liquidation rewards.

Minting rewards

Mint omnichain syASSETS to earn minting rewards.

vesyUSD rewards

Create vesyUSD to earn vesyUSD rewards.

Revenue distribution

The protocol distributes all of its revenue to its stakeholders based on their contributions, actively fostering a strong sense of community and propagating continued engagement and collaboration among its participants. It also creates a sense of collective long-term alignment.

Buyback and burn: 10%

Minting rewards: 60%

Protocol operations: 10%

vesyUSD rewards: 20%

Revenue generation

Core

All zero-slippage swaps directly contribute to protocol revenue.

SDKs

SDKs enable one-click deployments of synthetic asset protocols with custom configurations. 30% of revenues from all SDK deployments flow into SYNTHR, which are either distributed to stakeholders or utilized towards buying back and burning the protocol's native token.

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.