Syncus will be launched on the lending platform, and SYNC can be pledged to obtain an 85% rate of borrowing USDC or ETH.
The zkSync ecosystem project Syncus announced that it will launch a lending platform. After users pledge SYNC, they can borrow USDC or ETH at a ratio of 85% and regain liquidity.
If users choose to sell without pledging, they need to pay a 15% tax to the Treasury and can only obtain 85% liquidity. If users participate in pledge lending, the collateral will be liquidated only when the SYNC price falls below the amount of the loaned assets, and the liquidity obtained from selling is the same.
SYNC increases Treasury revenue through transaction taxes and distributes dividends to pledgers. Compared with OHM's bond design, the tax mechanism will generate a growth flywheel: high yield - more demand - more trading volume - Treasury growth - higher yield - repeat.
It is reported that Syncus is currently running on the Ethereum mainnet, and the IDO raised 187 ETH in 5 minutes. It is a stablecoin ecosystem protocol that distributes dividends to pledgers through transaction taxes, aiming to repair and improve the sustainability issues of Olumpus (OHM) and establish a self-growing Treasury system through positive incentives.
In the past week, SYNC's market performance has been eye-catching, with a current market value of 20 million, an increase of 7 times.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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