Sync Network

History

The SYNC Network offers tradeable stakes bonding Uniswap liquidity pairs with a ERC-20 token (SYNC).

SYNC enables users to earn interest by staking a cyptographic bond to Uniswap liquidity pair tokens (Crypto Bonds). Crypto Bonds are an NFT (ERC-721) token with collectible attributes, accruing interest rates, and the ability to separately trade and speculate on them within a secondary market.

SYNC Network works to bring stability and risk mitigation to decentralized finance by solidifying a guarantee on holding liquidity pairs for an extended period of time.

The SYNC Network is composed of two main contracts: 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 investors.

Despite being a long-term investment, Crypto Bonds do not share anything in common with traditional finance bonds. The name comes from the bonding of liquidity pairs and our own token. Crypto Bonds introduce long-term positions in DeFi liquidity pools. They are a tradeable, long-term (90 days - 3 years) stake - bonding Uniswap liquidity-pair tokens together with SYNC.

Deflation of the currency happens when Crypto Bonds are created, burning SYNC from the total supply.

Using a Crypto Bond, an investor is able to lock liquidity-pair tokens with the corresponding dollar-to-dollar value in SYNC at some guaranteed interest rate of SYNC upon maturation. Dividend paying versions are also available. Therefore, this occurs in inflation, minting the principle plus interest.