syASSETS

  1. syASSETS are overcollateralized assets backed by a basket of high-quality collateral assets across different chains. Examples include short-tail liquid assets such as ETH, USDC, and USDT; yield-bearing assets like stETH, Curve LP tokens; and liquid restaking tokens.

  2. Since syASSETS are backed by multi-chain collateral, they can be seamlessly burnt and minted on any chain, making them omnichain.

  3. All under-collateralized syASSETS are liquidated by the protocol's multi-chain liquidation engine, also known as the stability pool. This pool is partially funded by protocol revenues to ensure that there is always a minimum threshold of liquidity available for carrying out protocol liquidations, while the remaining deposit comes from the delta-neutral vault. This vault utilizes the protocol's AI-powered hedge pool to create a delta-neutral reserve of syASSETS for liquidations.

  4. DRASR, the protocol's AI-powered peg-protection engine, maintains parity between the DEX prices and the oracle prices of syASSETS and ensures last-mile syASSET/ASSET capital efficiency.

  1. Mint syASSETS to earn real multi-chain yield from the following sources:

  • Earn 60% of protocol revenue in syUSD rewards.

  • Farm syASSET/ASSET LP tokens to earn SYNTH rewards.

  • Time-lock SYNTH for veSYNTH to earn 30% of protocol revenue in additional syUSD rewards, more SYNTH rewards, and airdrops from #BUIDLonSYNTHR protocols.

  • Deposit syASSETS into the stability pool to profit from protocol liquidations.

  1. Use syASSETS to safely move between chains without bridges.

  2. Use syASSETS to perform zero-slippage cross-chain swaps.

  3. Use syASSETS to access #BUIDLonSYNTHR protocols.

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