Synchrony Finally Shared Their Vision
Synchrony is an on-chain copy-trading and composable indexing protocol facilitated by a friendly Solana marketplace and explorer.
While some DeFi users want total control over their trading and investment strategies, others want a more passive role. They also understand that active retail traders underperform the broader markets by 6.5% annually¹. This is why they believe on-chain copy-trading capabilities open up access to the DeFi landscape so users of all experience levels can participate, and that indices can do for asset management, what blockchain and smart contracts do for transactions.
Synchrony enables users the ability to construct highly configurable indices able to evaluate dynamic sets of tokens, liquidity pools, strategies and other on-chain instruments to create algorithmically optimized and automatically rebalancing pools or portfolios. Copy-trading leverages these indices enabling users to define the parameters for which a copy-trade is valid for execution.
Utilizing Synchrony, users can perform in-depth analysis into other users’ wallets, their on-chain behavior, and the DeFi strategies they employ to make informed decisions with respect to their own trades and strategies.
Bringing a novel change to the usual DeFi experience for both newcomers and veterans alike, Synchrony’s front-end serves as a friendly Solana marketplace and explorer. A holistic suite of tools are tailored to assist users in their research (DYOR) and our dashboard is equipped with single-click solutions to execute complicated DeFi strategies. The DeFi instruments can be easily delineated by search factors, and with built in side-by-side comparison capabilities, our users will be able to find what best suits their financial needs.
Synchrony’s protocol will be supported by Solana native SPL token, SCY. It serves to unlock staking rewards, premium features, yield farming, and other discounts. The SCY token will be used for limited governance, incentivizing liquidity, wallet validation, and fostering community engagement. Synchrony is optimized for mobile use as a key feature of its platform as this is the first step in equal access to DeFi for the entire globe.
The Roadmap
The Team
◊ Andrew Fraser is Synchrony’s architect.
◊ Andy Keh, the strategy and user experience lead with over a decade of application and systems development.
◊ Mohammed (Med) El Amine Idmoussi, the resident full stack dev and block-geek.
◊ Maurice Chalfin, the marketing and community engagement lead.
◊ Andrew and Andy founded Synchrony, the team believes the amalgamation of their experiences, ideals, and values sets us apart from the pack.
Synchrony is a marriage of their perspectives and ideals, unified in the common purpose to democratize access to DeFi for everyone.
Over the next few weeks in the run up to their Sept 14th Demo Day, they will be releasing more details on Synchrony, teasers, community driven experiences, and partnership announcements.
ABOUT SYNCHRONY
Synchrony is the first on-chain copy trading and composable indexing protocol facilitated by a friendly Solana Marketplace explorer. Synchrony enables users to research and perform in-depth analysis into other users’ wallets and the DeFi strategies they employ. This analysis grants users the ability to designate the parameters within which users wish to copy trade and opens up further opportunities for users to compose and index dynamic sets of tokens and strategies to create algorithmically optimized and automatically rebalancing pools and portfolios. Synchrony provides a holistic view of Solana’s entire ecosystem.
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