SynAssets

SynAssets will not only bring the fair issuance mechanism of Olympus, POL (Protocol Owned Liquidity), and 3.3 Consensus into the synthetic assets world, but also introduce five major innovations, namely, SynAssets Assets (sAssets), IDO (Initial Decentralized Offering), consensus aggregation network, (5,5) Consensus, and deflation mechanism. All consensus participants in the SynAssets ecology will gain growth of wealth thanks to the consensus. After the initial launching of SynAssets, we will successively launch sAssets such as sMatic, sBTC, and sETH. Besides crypto currencies, such as BTC, Matic, and ETH, we will also launch traditional financial assets such as Apple and Tesla stocks, so as to bring the new type of consensus mechanism into the traditional financial community.Innovative functions such as sAssets,(5,5) Consensus, consensus aggregation network, and deflation mechanism will be online in the initial launching. In the future, SynAssets will work with consensus participants to successively develop and launch new functions such as DAO governance in order to jointly build the SynAssets ecology. SynAssets will gather more consensus participants, including KOL, blockchain enthusiasts, investment institutions, etc. in order to turn the goal into reality. When SynAssets creates value for everyone, it will become valuable in itself.

Olympus is a very nice consensus aggregation algorithm. Driven by interests, it has built a consensus worth of billions of US dollars in a short period of time. It remains true to the original aspiration of blockchain thanks to the fair token issuance mechanism, no institutional investment, and just token acquisition. The most beautiful thing is the bond mechanism. It is a perfect solution to the lack of protocol liquidity. Not only the protocol itself has sufficient liquidity, but also all the protocol participants can enjoy the yields passively from the growth of the Treasure for the long term. Protocol can do a lot of things with the assets in its treasury, such as providing liquidity in other protocols to passively expand the treasury or using the assets in SynAssets to invest in other new protocols. We believe the bond mechanism will become the mainstream choice of most protocols in the future. We believe Olympus network effect is unstoppable. Olympus has great achievements, but it has not a few obvious shortcomings: The consensus is fragmented. Each DAO can only anchor one asset; and if to anchor another asset, another DAO should be established. The consensus algorithm should be further optimized. The invitation mechanism should be added in order to build an explosive consensus. The deflation mechanism of Meme coin is an excellent consensus aggregation algorithm, but regretfully it has not been introduced. Synthetix and Mirror and other synthetic assets have problems such as insufficient liquidity,low capital efficiency and liquidation risk ,we hope to bring the optimized Olympus into synthetic assets world to solve this problems,anchoring not only crypto assets such as DAI, BTC,ETH,but also real-world assets such as Apple and Tesla stocks,gold, futures, and indexes, etc. We will enter the era of synthetic assets 2.0 due to the addition of SynAssets.We can build more consensuses, and so as to integrate the crypto currency market with the traditional financial market. Therefore, we early consensus participants have launched SynAssets.

We will create a global synthetic assets exchange in the blockchain world. By bringing the consensus of all human kind together, such exchange will realize high liquidity, no liquidation risk,total decentralization, and anchoring with physical assets (including but not limited to stocks and gold).

Recently, SynAssets will first establish a powerful consensus synthetic asset protocol on Polygon. Every consensus participant in the ecology will benefit from the consensus. SynAssets will become the future for global finance. Not only crypto currencies, but also stocks, gold and other traditional financial tools will join SynAssets characteristic of fairness, transparency, security, and no spokespersons or dictators.

SynAssets is a fair startup project with no VC investment. SAT (SynAssets Token) is issued by IDO (Initial Decentralized offerings). Anyone can participate in the initial offering. At the same time, it adopts the DeFi method, so that people across all time zones from all over the world can be a part of it (except for countries and regions which prohibit transactions of crypto currencies.)

(5,5) is the idea that, if everyone cooperated in SynAssets, it would generate the greatest gain for everyone (from a game theory standpoint). Currently, there are five actions a user can take:

Stake (+5)

Invite (+4)

Bond (+3)

Deflation (+2)

Sell (-5)

If one of us Stake and the other one invite,it is also great because staking takes DAO token off the market and put it into the protocol, while invite more consensus participants to join(5 + 4 = 9.

If one of us Stake and the other one bond,it is also great because staking takes DAO token off the market and put it into the protocol, while bond provides liquidity and Matic or DAI for the treasury(5 + 3 = 8).

If one of us Stake and the other one deflation,it is also great because staking takes DAO token off the market and put it into the protocol, while deflation reduce token circulation(5 + 2 = 7).

When we both sell, it creates the worst outcome for both of us and the protocol (-5 - 5 = -10).

SynAssets will bring a consensus synthetic asset ptotocol with high liquidity, no liquidation risk, and completely decentralized due to bring consensus into the world of synthetic assets.SynAssets will launch sBTC, sMATIC, sETH, sAAPL, sAMZN according to community opinions.At that time, we will enter a brand-new word of consensus synthetic assets. And meanwhile, we will integrate the crptocurrency market with the traditional financial market.

Israeli anthropologist Yuval Noah Harari clearly pointed out in his book of Sapiens: A Brief History of Mankind that Homo sapiens could defeat Neanderthals so as to create a modern civilization through imagination-aggregating consensus. Based on the Olympus algorithm, we will put the funds drawn from the Treasury into the consensus aggregation pool,so that the inviter can get rewards by inviting others to join.In this way, we will encourage to gather more consensus participants, and continuously launch new consensus-based sAssets according the demand of the market. In the end, thanks to the jointly efforts of all consensus participants, SynAssets will become the largest consensus network in the world.

Meme tokens are popular in the world thanks to the introduction of the mechanisms of deflation and protocol-controlled liquidity. That is the reason of the Shibi miracle. SynAssets will introduce such a mature mechanism in order to further build the consensus.

Every token issued by sAssets will be governed by the deflation mechanism of Meme coin. Every transaction will be charged a tax of 8% (specific parameter governance), which will be automatically put into the liquidity pool. And LP will automatically donate to the Treasury.

In order to improve SynAssets security, firstly all SynAssets codes will be open on GitHub, so that all users can supervise and verify, and professional auditors will be invited to conduct security audits. SynAssets will adopt a multi-signature wallet where 1 key will be kept by one elected community administrator, 1 key by either of the member of the market team or financial team that is early consensus participants, and 1 key by the best community contributor. In the later stage, community members may propose to add more safe keepers for the multi-signature wallet. In this way, there will never be risks of rug pulls.