Cours de Synchrony

Synchrony is an on-chain automated portfolio and asset management protocol featuring copy-trading and indices as well as wallet and protocol analytics. Synchrony achieves true trustlessness through the use of highly configurable indices that enables users to compose and index dynamic sets of tokens, liquidity pools, strategies and other on-chain instruments to create algorithmically optimized and automatically rebalancing pools or portfolios.

SCY is the native token of the Synchrony platform, providing an asset the holder can use for staking rewards, unlocking premium features, yield farming, and discounts. Users staking $SCY receive a discount for platform services. $SCY may be used to pay fees across the platform. $SCY holders may use $SCY to purchase premium features such as "banner space" and profile customization options. “Banner-space” is “real-estate” on the marketplace where a wallet or index-pegged pool may be featured, and $SCY will be rewarded for staking and synchronization. Synchronization is the act of interacting with the protocol in order for protocol critical functions to be executed, this includes but is not limited to rebalancing. $SCY holders may stake $SCY on wallets or indices as a form of "insurance" / "validation" granting the staker a share of the fees generated by the wallet/index. If the staked-on instrument consistently performs poorly, a portion of the staked tokens are forfeited to the users subscribed to the instrument.

$SCY holders may participate in limited governance of the Synchrony platform. Data for indices is provided by ecosystem participants voted on by the DAO. Data providers must meet a minimum capital requirement, decided on by the DAO, of staked $SCY tokens. These tokens go towards a platform insurance pool. Providers are granted an equal share of all fees generated by Synchrony composed indices.