The live Sypool price today is $0.114845 USD with a 24-hour trading volume of $962,736 USD. We update our SYP to USD price in real-time. Sypool has no change in the last 24 hours. The current CoinMarketCap ranking is #2990, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 SYP coins. Sypool is an asset management protocol on Solana, where investors exchange our fund shares with their tokens (i.e. BTC, ETH, SOL…). The native token – SYP can be used to farm, trade, vote, mint SAP, and pay salaries and rewards to the community.
Sypool Coin will be used mainly in 5 ways: voting, farming, minting SAP, trading, salaries for the board and community representatives.
Voting: It has 1:1 voting right in governance, and one can vote by oneself or by others.
Farming: Only SYP is accepted in the early stage, then LP tokens of the exchange will be accepted. The output will be unlocked every week.
Minting SAP: Accept SYP to mint SAP
Trading: Take the fee and management fee as the value endorsement, acting as the value medium in the market circulation.
Salaries and rewards: Salaries of the board and community representatives will be paid by Sypool Coin . Also, SYP will be given as reward for constructive proposals of the community.
Sypool is a synthetic asset management protocol. Pool managers manage tokens like mutual fund managers manage assets. The only difference is that our shares are tokenized.
Qualified and sophisticated fund managers are invited and prioritized to manage pools. With better performance, they are allowed to raise their pool level.
Sypool Coin protocol is the first in crypto world to bring quantitative trading on chain. Therefore, everyone, not only the rich, can get access to top-level financial service.
Bi- token” System
SYP—the governance token, providing staking gains, voting power, and community rewards.
SAP—tokenized fund shares, representing partial ownership of a single pool.
Once mainnet launch, trading pairs of SAP will be established and will be created in Dex.
Staking LP tokens in Sypool can get double rewards from the DEX and from our protocol.
Usage Of SYP
Besides traditional uses of governance token, like trading, staking, voting, and developing community, minting SAP is also a core usage of SYP.
Sypool Coin foundation provides financial and technical support to help the sustainable development of the protocol. It does not participate in the daily governance, but has the ultimate decision under special circumstances.
Council members are determined by staking a large number of SYP which is ranked in the top 20. The council can vote for the members of the board and has the power to nominate members and remove members. The employment period is half a year, and members need to be reelected after the period. Council members have the right to mint a special closed SAP pool.
Sypool Coin board (6 persons) have salaries and need to review the submitted items. The approved projects are submitted to the community for voting. The board is elected by the council. The employment period is half a year, and members need to be reelected after the period.
Community members could stake their SYP tokens to vote and elect representatives, besides earning staking yields. Meanwhile, they could take part in the governance by making proposals and voting for others’ proposals.
3 representatives are elected by the community. They have the same right as board members to audit new SAP proposals. And they also have a monthly pay
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