SYP meaning in Cryptocurrency ?

Answer:

What Is Sypool Protocol (SYP)?

Sypool is an asset management protocol on Solana, where investors exchange our fund shares with their tokens (i.e. BTC, ETH, SOL…). Like traditional funds, investors are offered professional financial services, while fund managers have a platform to raise money (tokens). However, our fund managers not only have traditional ways (Buy low, Sell high) to earn yield for our investors, they have more “blockchain” ways to benefit fund share holders.

In some aspects, Sypool is more than a blockchain fund, because our fund shares are also a kind of token. Therefore, they can do almost everything other tokens can do.

What are the unique points of Sypool？

First, we provide innovative products. There will be four main products in the early stage, which are Index-traking SAP (Synthetic Asset Pool), Trader-based SAP, Structured Yield Fund and Assets-based quantitative trading SAP. Also, more functions will be developed in the future.

Second, we are a professional team. Our members had worked in well-known hedge funds and delivered some very great performances in quantitative trading. We have accustomed those strategies to crypto market.

As for technical members, we have designed several projects providing social network and startup tools aggregator. And our teammates have worked on a neuromorphic chip program with Chinese Academy of Science.

Third, we have a unique farming mechanism. It’s a diminishing mechanism, in the first few years, the releasing speed is accelerated but after that the speed will fluctuate considering the staking volume and the circulating supply.

Fourth, we are investor-friendly. Each pool will be audited strictly to prevent managers from misconduct and there is an insurance treasury to compensate investors from managers’ misconduct and hacker attack.

reference

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