Synthr

Project Overview

SYNTHR is a cross-chain infrastructure for decentralized finance (DeFi) that aims to provide zero-slippage omnichain liquidity and cross-chain value transfer. It utilizes omnichain synthetic assets (syASSETS) and a light chain-main chain architecture to aggregate cross-chain state changes. The system includes a Global Message Passing (GMP) aggregator for cross-chain communication and an oracle aggregator for asset pricing. SYNTHR's design allows users to mint syASSETS by depositing collateral with a minimum ratio of 150%. The protocol offers various yield-generating activities, including liquidity provision, liquidation participation, and staking. Its native decentralized exchange, synthswap, facilitates zero-slippage cross-chain swaps.

The protocol implements several mechanisms for risk management and price stability. These include AI-powered delta-neutral vaults, a dynamic peg protection mechanism called DRASR, and a hedge pool that mirrors the omnichain global debt pool. A stability pool performs non-cascading cross-chain liquidations to maintain protocol solvency. SYNTHR also employs security measures such as audits, insurance coverage, and bug bounty programs. The system is designed to operate across multiple blockchain networks, aiming to enhance capital efficiency and provide a secure platform for advanced DeFi operations.

Tutorial

1. Go to Testnet at app.synthr.io
2. Register wallet on Discord using this referral code 419522967429447712 for double points on first 5-10 transactions
3. Add testnets to wallet from chainlist.org
4. Claim your faucet to get free faucet funds from alchemy.com
5. Join Zealy to Complete Social Proof zealy.io/cw/synthr/
6. Perform test transactions by miniting and swapping. Complete as many steps as you can so you can move on the multiplier dashboard.