SynLev - a group of leveraged synthetic asset pairs, built and tokenized on Ethereum, based on price data from Chainlink oracles.
Contents:
Description of SynLev
SynLev's assets function similarly to leveraged ETFs such as the Daily S&P 500 Bull 3X Shares. These stocks react to a threefold price movement, if the S&P 500 rallies 1%, the stock rallies 3%. SL resources perform the same function, but with some differences.
Both react in the opposite and equal way, depending on the price movement. The goal of SL - to offer advantages in the world of cryptocurrencies that will allow you to engage in leveraged trading with zero risk of liquidation. Price update is synchronized with Chainlink price update. How it works:
| Money-credit policy | All SynLev assets are minted for ETH at the current price of the synthetic token. Hence, there is no initial supply and the tokens retain 100% liquidity. Likewise, when tokens are sold, they are burned. |
| Trading fees | All tokens bought and sold directly from the vault smart contract incur a 0.4% commission. All subsequent fees are distributed among the SYN token holders, placing their tokens. |
The SYN token acts as a share of the ecosystem, earning staking rewards from commissions, generated by users, buying and selling assets. A portion of SYN tokens will go to LINK holders. The next action of the company will be the release of a lightweight document along with the distribution of SYNs to Chainlink token holders. The project roadmap and testnet launch will apear soon. The first SL asset will be the 3X ETH / USD Bull & Bear pair.
Additional information
The company's technical support will answer all your questions on social networks:
- Telegram;
- Twitter.
Here you will also find information about the promotions and draws of the project. Moreover, subscribe to be the first to know about the White paper.