Introducing Symblox

Background Intro

DeFi’s Explosive Growth

Total Value Locked (TVL)

Current challenges for DeFi

From DeFi to synthetic assets

Symblox Protocol Overview

Symblox Architecture
  • Users collateralized assets with syFarming will expand the reserve pool and earn SYX tokens as rewards.
  • The larger the reserve pool, the more synthetic assets users can issue, and the more SYX tokens can be rewarded.
  • More synthetic assets also bring larger trading volumes, which in turn generates more trading fees.

Differences between Symblox & other synthetic asset protocols

Asset Security & Risk Control

  • Symblox is a fully decentralized synthetic asset protocol implemented entirely with smart contracts and runs on the blockchain altogether. It is not subject to manipulation by any individual or organization;
  • Symblox is 100% permissionless and transparent. All the codes are open-sourced, smart contracts safeguard all of the escrowed assets, and all transactions are trackable on the blockchain;
  • Symblox supports a variety of crypto assets that embody different risk profiles to be used as collateral. It also implements the market circuit breakers rule and under-collateral liquidation mechanisms, which are all enforced by the smart contracts to avoid systemic risk to the greatest extent;
  • Symblox was created for the community and governed by Symblox (SYX) token holders; allowing participants with varying knowledge and experiences from different areas to optimize Symblox to ensure continued healthy development.

Challenges for blockchain technologies aim at DeFi

The VELAS Solution

Maximum Efficiency

Interoperability & cross-chain

Eminent Team

Symblox Token (SYX)

SYX Token Allocation Structure

Token Distribution

Symblox Liquidity Mining Mechanism

Learn more about Symblox:

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Symblox is a decentralized synthetic asset issuance and trading protocol on the blockchain. https://symblox.io

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Symblox

Symblox

Symblox is a decentralized synthetic asset issuance and trading protocol on the blockchain. https://symblox.io

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