$Synth Utility Token of xsUSD

$SYNTH is the omnichain utility token of xsUSD

Contract: TBA

Synth is the omnichain utility token of the xsUSD ecosystem. It serves as the backbone of the ecosystem, facilitating governance, liquidity incentives, collateralization, and staking rewards.

By holding, staking, or providing liquidity with sSynth, users can earn rewards, participate in governance, and mint synthetic assets while contributing to the stability and growth of Synth. Synth will be omnichain but staking and locking will exist on the main chain TBD.

Synth Utility & Use Cases

🗳 Governance

• Vote on protocol decisions – sSynth holders can propose and vote on upgrades, collateral ratio changes, and new integrations within the Synth ecosystem.

• Protocol revenue distribution – Future governance proposals may include mechanisms for distributing protocol fees to active participants.

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🔒 Collateralization for Synthetic Assets

• Synth is required to mint synthetic assets (xsUSD).

• Backs alongside the basket of approved stable tokens, increasing capital efficiency.

• Collateral ratio starts at 95% and adjusts dynamically based on governance and peg value.

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💰 Staking for Rewards

• Stake Synth to earn stablecoin rewards from protocol fees.

• No lockup required – Withdraw at any time.

• Lock for additional earning potential.

  • Earn 50% early exit fee from users who choose not to vest rewards

  • Additional rehypothecation revenue will pass to lockers

• Long-term staking enhances ecosystem stability while rewarding participants.

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🌊 Liquidity Mining Incentives

• Provide liquidity in key Synth pools to earn additional rewards.

• Incentivized liquidity ensures deep trading markets and helps maintain peg stability.

• Different pools on each chain, rewards paid on main chain TBD.

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