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How to use @SynLevdefi $SYN
An exciting new #DeFi protocol that just launched.
Decentralised, trustless & non KYC. 3x Leveraged Bull / Bear tokenised synths.
Built on $ETH with $LINK oracles.
Just 1 pair to start ETH / USD
An exciting new #DeFi protocol that just launched.
Decentralised, trustless & non KYC. 3x Leveraged Bull / Bear tokenised synths.
Built on $ETH with $LINK oracles.
Just 1 pair to start ETH / USD
Go to http://SynLev.com/exchange to find a clean simple interface.
Here you have the option to leverage BULL / BEAR 3x and also provide Liquidity with your $ETH
Fees from the protocol go to ETH liq providers & $SYN stakers (not enabled just yet)
Here you have the option to leverage BULL / BEAR 3x and also provide Liquidity with your $ETH
Fees from the protocol go to ETH liq providers & $SYN stakers (not enabled just yet)
Very simply you purchase either BULL or BEAR tokens in the left hand side interface
This is a unique platform in that you do not have to collateralise ETH to gain access to leverage!!
So it’s a debt free decentralised model. So the exact leverage is rarely 3x
This is a unique platform in that you do not have to collateralise ETH to gain access to leverage!!
So it’s a debt free decentralised model. So the exact leverage is rarely 3x
The more people long the less leverage & vice versa. Currently we have 2.86x BULL & 3.16x Bear.
So counter trading the current market or hedging here could be better gains.
This is the unique balancing act of this protocol. The ratio of Bull to Bear determines the leverage.
So counter trading the current market or hedging here could be better gains.
This is the unique balancing act of this protocol. The ratio of Bull to Bear determines the leverage.
Buying & Selling your tokens couldn’t be easier on here as you can simply switch between the tabs when you would like to cash out
