PolygonDaily.com hosts Sypool Protocol: a synthetic asset management protocol built on Solana.

BSCdaily – Admin: Hello and welcome to BSC Daily, @jackson_Sypool!

BSCdaily – Admin: Nice to have you here with us today. How is your day?

jackson:I’m great. Thank you. How are you?

BSCdaily – Admin: Happy to hear! Ready to start our AMA? 

jackson: Sure.

Q1: Welcome to SolanaDaily Community. Can you please introduce yourself and also the Sypool Protocol?

jackson:Hello everyone, I’m Jackson, co-founder of Sypool.

I’m also the founder of quantum technologies, which manages more than $300 million of quantitative funds. With rich experience in the financial industry and blockchain industry, the team and I decided to found an asset management protocol where we can manage users’ wealth on-chain.

Let’s talk about Sypool. Sypool is an asset management protocol on Solana. This is another innovation that has migrated finance from off-chain to on-chain. This idea was inspired by both off-chain fund companies and packaged asset derivatives.

On one hand, we tokenize fund shares. On the other hand, a share token actually represents a small part of a multi-token pool, thus providing the scarce liquidity for the cryptocurrency market.

Therefore, you can consider it as a fund share, or you can consider it as a token pool asset, as well as other new uses that may appear in the future.

BSCdaily – Admin: Interesting!

Q2: So, can you please tell us the special features and advantages of Sypool Protocol?

jackson: Okay. The main advantages of Solana are fast and cheap. With those, Sypool can offer professional financial services to investors the same as we do in traditional ways.

First, we provide innovative products. There will be four main products in the early stage, which are Index-tracking 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 aggregators. 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.

More details, you could check: medium.com/@SYP_Protocol/why-sypool-7a4c66072892

Source : bscdaily