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SYNC Network

SYNC

  • DeFi
  • NFT
Established Year
2020
Operating Status
Inactive
Ecosystem
Ethereum
SYNC is an ERC-20 cryptocurrency and NFT financial primitive that "bonds," or locks Uniswap liquidity pairs with SYNC tokens to create tradeable ERC-721s (NFTs).

Frequently Asked Questions

What is the SYNC Network (SYNC)?

The SYNC Network is a Layer 2 platform that creates cryptocurrency bonds that earn interest via Non-Fungible Tokens (NFTs). The network uses ‘CryptoBonds,’ a new sort of financial primitive, to create digital interest earning assets with a twist — receiving principal amounts plus earned interest in a fully trade-able NFT that can be sold on secondary markets like OpenSea and Rarible any time. The goal of the SYNC Network is to bring stability and risk mitigation to DeFi by providing long-term staking, or ‘CryptoBonds’, to Automated Market Makers (AMMs) like Uniswap.