A New Direction for DeFi Projects: How Syncus is Reshaping the Rules of Game Theory

In the current thriving development of blockchain technology, DeFi has been regarded as one of the most revolutionary innovations. However, due to technical flaws and defects in economic model design, many projects have fallen into difficulties. In the current market environment, how can we revive the former glory of DeFi? Syncus may offer a potential solution.

Introduction to Syncus

Syncus is a decentralized currency reserve protocol deployed on the zkSync Era chain. It aims to become the core of the zkSync DeFi ecosystem, providing comprehensive financial services, including lending, collateral, and stablecoins. As an Ethereum Layer 2 scaling solution, zkSync Era provides an ideal platform for DeFi projects with its efficiency, low cost, and security.

Innovative Concept: Reshaping Game Theory

Syncus's core philosophy lies in redefining the application of game theory in the field of Decentralized Finance. It seeks to break through the limitations of traditional zero-sum games, designing a mechanism that transcends the prisoner's dilemma, creating an ecosystem where all participants can win.

Lessons from OlympusDAO

Looking back at the rise and fall of OlympusDAO, its ve(3,3) model, while innovative, has assumptions that diverge from reality. The bond purchasing behavior does not align with the expected behavior of participants, leading to limited effectiveness of the strategy.

Syncus's optimization plan

Syncus has designed a mechanism that allows the behavior of each participant to promote the interests of the entire ecosystem. Even in seemingly unfavorable situations, the DAO and long-term stakeholders can still benefit. This mechanism is similar to a decentralized casino, ensuring the continuous profitability of the system.

Two-player model and the elasticity of SYNC

In Syncus's Two-player model, any sale of SYNC will harm the seller but benefit the stakeholders. Each transaction generates revenue for the DAO, creating a self-sustaining ecological cycle. Even when activity decreases, the remaining APY distribution can stimulate recovery.

SYNC Token Design

The token economic model of Syncus is the core of its mechanism design. The total supply of SYNC tokens is 4,186,731,698, aimed at ensuring that the interests of token holders are closely linked to the long-term success of the ecosystem.

Innovative Strategy Optimization Measures

Adaptive Tax Strategies

Syncus has implemented a flexible tax system that dynamically adjusts sales tax and eliminates staking tax based on market fluctuations. This approach helps reduce speculative trading and ensure protocol stability.

treasury mechanism

Syncus creates a new type of token model by innovatively combining tax mechanisms with treasury distribution. This design theoretically can produce a self-sustaining flywheel effect: high yields generate more demand, increase trading volume, and promote treasury growth, forming a virtuous cycle.

Goals and Vision

The success criteria of Syncus are not limited to token value, but focus on creating long-term value for all stakeholders. The short-term goal is to increase market share, while the long-term goal is to become a decentralized protocol backed by a treasury. In the future, Syncus plans to invest in the zkSync ecosystem and build its own product ecosystem.

Conclusion

Syncus represents the arrival of a new era in Decentralized Finance, surpassing the traditional prisoner's dilemma model through innovative applications of game theory. Its transaction taxation and treasury mechanisms encourage positive behavior and avoid falling into a death spiral. This innovation not only brings new ideas to the DeFi sector but also provides a solid foundation for its long-term development. As more innovative DeFi projects emerge, we have reason to expect the DeFi space to shine again in the next bull market.