What is SYNTHR?
Synthr is an omnichain synthetic asset protocol that provides users with frictionless interoperability and slippage-free multichain liquidity. By leveraging advanced cross-chain infrastructure, Synthr enables secure, zero-slippage execution environments for cross-chain transactions.
The protocol utilizes a combination of pull and push oracles, multiple independent consensus layers, and a zero-slippage omnichain liquidity layer to facilitate seamless cross-chain swaps. This architecture allows users to mint synthetic assets (syAssets) on any chain, providing access to a wide range of financial instruments without the limitations of traditional bridges.
Synthr’s features include:
- Omnichain Global Debt Pool: Aggregates cross-chain collateral and debt balances, enabling overcollateralized debt positions with decentralized cross-chain solvency.
- SynthSwap: An internal slippage-free decentralized exchange (DEX) that allows users to swap syAssets through simultaneous minting and burning at oracle price feeds, ensuring 24/7 liquidity.
- Atomic Swaps: Facilitate slippage-free, low-fee trades on DEX aggregators by leveraging high-throughput, low-latency blockchain networks, reducing the possibility of MEV (Miner Extractable Value) and frontrunning attacks.
- Hedge Pool: Issues hedge pool tokens and swaps deposits to mirror the current composition of the omnichain global debt pool, ensuring delta neutrality and protecting users from debt balance volatility.
Synthr’s infrastructure is designed to enhance capital efficiency and attract large trading volumes, leading to increased trading fees for the protocol. It also offers real yield opportunities through farming rewards, liquidation rewards, minting rewards, and veSYNTH rewards.