SynfY.io
  • Introduction
  • Synthetic Real-World Assets
  • Vision
  • Benefits / Problems Solved
  • SynfY Protocol
  • Level 1 (Direct Market Access 1-1 Pegged) – Offchain Liquidity – Low 0% Collateral Model
    • Hedge Pool Layer (H-Layer) / syUSD & Intrinsic Value
    • Zk-Snarks Proof H-Layer
    • Proof of sale real-time
    • ERC721 vs ERC20
    • Synthetic JSON Metadata
    • Practical Examples & Currency Risk Mitigation
    • Benefits & Drawbacks
    • Fee Structure - Spot / Derivative
    • Ongoing debtor fees (ODF in metadata)
    • 1-1 Liquidity pool
    • Quantity Types
  • Level 2 – Onchain Liquidity / Debt Pool / Synfy Token
    • Collateral Ratio
    • Debt Pool
    • Burning
    • Benefits & Drawbacks
    • Fees
  • Early Adopter Benefits
  • Oracle Service
  • Governance
  • Managed synthetic baskets / Robo advisor investing pools
  • RWA interfacing (Real World Assets)
  • syUSD, syEUR, syGBP - non staking required, interest yielding stable currency
    • Benefits of syUSD
    • Standards – ERC20 + zk-SNARK vs ERC 721 + metadata
    • Transparency - Proof of reserve, Reserve Ratio and Custodian
    • Return generation
    • Interest Deposits
    • Market Neutral Investments
    • Beta hedging
    • Technology Stack & flow of funds
    • Weaknesses
    • How to purchase
    • Conclusion
  • Addresses
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  1. syUSD, syEUR, syGBP - non staking required, interest yielding stable currency

Technology Stack & flow of funds

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Last updated 1 year ago

The arrows represent the syUSD in circulation

The syUSD Custodian, Fiat reserve and auditor represent the Synfy business entity responsible for:

● Custody / Managing USD responsibly.

● Accepting deposits and issuing syUSD

● Publicly reporting proof of reserves

  1. The stack begins at the Fiat reserve, which pools syUSD-USD to Portfolio custodian. Portfolio Custodian holds USD - Custodian is responsible for management and execution of the Portfolio return (investment manager). Custodian pays any return into the Fiat Reserve.

  2. The 2nd layer is the Auditor. Auditor is responsible for any transaction auditing coming in and out of the blockchain itself. This is to ensure all transactions are accounted for.

  3. Auditor checks approval of granting (creating) and revoking (destroying) and digital tokens of syUSD

  4. 3rd Layer is the Ethereum Blockchain. This is where the syUSD ERC-20 Contract is defined. syUSD is issued or destroyed from this contract.

  5. Merchants and Users can interact with this contract to issue or burn syUSD (payable in ETH or another ERC20 say TetherUSD)

  6. syUSD app can interact with this contract to issue or burn syUSD

  7. syUSD app represents the business front end entity (i.e. website / apps) - syUSD can pool and issue syUSD directly from the Auditor to Users and Merchants.

  8. Users and Merchants can also directly via syUSD app issue or burn syUSD or claim their returns, stake and unstake.