- Projects in the decentralized finance space started utilizing stake and proofofliquidity mechanics to develop a trustless economy but fundamental flaws have held these projects behind. - The SYNC Network addresses these problems and offers a workable solution through tradeable stakes bonding Uniswap liquidity pairs with a fully trustless ERC20 token SYNC.SYNC enables users to earn interest by staking a cyptographic bond to Uniswap liquidity pair tokens Crypto Bonds.Crypto Bonds are an NFT ERC721 token with collectible attributes, accruing interest rates, and the ability to separately trade and speculate on them within a secondary market.SYNC Network works to bring stability and risk mitigation to decentralized finance by solidifying a guarantee on holding liquidity pairs for an extended period of time. - The Sync Network can help build a needed, stable foundation for the #DeFi space and a fully functioning, more robust trustless economy.The SYNC Network is composed of two main contracts: the SYNC ERC20 contract and the Crypto Bond ERC721 contract. - SYNC tokens have an undefined total supply with inflationary and deflationary attributes through the interactions with Crypto Bond investors.Despite being a longterm investment, Crypto Bonds do not share anything in common with traditional finance bonds. - The name comes from the bonding of liquidity pairs and our own token. - Crypto Bonds introduce proof of longterm position in DeFi liquidity pools, and will naturally strengthen the core of DeFi finance as a whole. - They are a tradeable, longterm 90 days 3 years stake bonding Uniswap liquiditypair tokens together with SYNC.Deflation of the currency happens when Crypto Bonds are created, burning SYNC from the total supply. - Using a Crypto Bond, an investor is able to lock liquiditypair tokens with the corresponding dollartodollar value in SYNC at some guaranteed interest rate of SYNC upon maturation. - Dividend paying versions are also available. - Therefore, this occurs in inflation, minting the principle plus interest.Crypto Bond Interest RatesSYNC balances itself through daily, selfcorrecting interest rates.Interest rates of bonds depends on three factors.1. - Total supply of sync in the market.2. - Duration of bond3. - Total bonded amount of that liquidity pair tokenPlease see the full whitepaper and website for more information..
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