TechFlow news — On December 19, Syncus, a project in the zkSync ecosystem, tweeted that its lending platform will soon launch. Users who stake $SYNC will be able to borrow USDC or ETH at an 85% loan-to-value ratio, thereby regaining liquidity.
If users choose to sell directly without staking, they must pay a 15% tax to the Treasury and can only obtain 85% of the liquidity. If users participate in staking and borrowing, their collateral will only be liquidated if the $SYNC price drops below the value of the borrowed assets—resulting in the same level of liquidity as selling outright.
$SYNC increases Treasury revenue through transaction taxes, which are then distributed as dividends to stakers. Compared to OHM's bond design, this taxation mechanism creates a growth flywheel: high yields → greater demand → higher trading volume → treasury growth → even higher yields, repeating continuously.
Syncus currently operates on the Ethereum mainnet. Its IDO raised 187 ETH within five minutes. It is a decentralized stablecoin ecosystem protocol that distributes transaction fee revenues to stakers, aiming to fix and improve the sustainability issues of Olympus (OHM) by establishing a self-growing treasury system through positive incentives.
In the past week, $SYNC has shown strong market performance, with its market cap now at $20 million, having increased sevenfold.
