Synchrony, Crypto in Sync.
Synchrony is an on-chain copy-trading and composable indexing protocol facilitated by a friendly Solana marketplace and explorer.
While some DeFi users want total control over their trading and investment strategies, others want a more passive role. We also understand that active retail traders underperform the broader markets by 6.5% annually¹. This is why we believe on-chain copy-trading capabilities open up access to the DeFi landscape so users of all experience levels can participate, and that indices can do for asset management, what blockchain and smart contracts do for transactions.
As of 2021, ETFs are an $8 trillion industry and growing at an annual rate of 26%². Over the past 10 years, 82% of fund managers fell short of their S&P 500 benchmark, with 94% failing over 20 years³. Active managers are consistently outperformed by indices, however, there is not enough historical data to definitively say whether or not this holds true for cryptocurrencies and the innovative instruments born from DeFi. What is definitive is that indices are analogues for smart contracts: in the same way that a smart contract’s code can be scrutinized, so can an index’s calculation methodology. Thus, indices are essential for trustless asset management — enabling a simpler, tangible, and quantitatively effective avenue for passive capital growth. These insights illuminated the path forward in innovation for Synchrony.
Synchrony enables users the ability to construct highly configurable indices able to evaluate dynamic sets of tokens, liquidity pools, strategies and other on-chain instruments to create algorithmically optimized and automatically rebalancing pools or portfolios. Copy-trading leverages these indices enabling users to define the parameters for which a copy-trade is valid for execution.
Utilizing Synchrony, users can perform in-depth analysis into other users’ wallets, their on-chain behavior, and the DeFi strategies they employ to make informed decisions with respect to their own trades and strategies.
Bringing a novel change to the usual DeFi experience for both newcomers and veterans alike, Synchrony’s front-end serves as a friendly Solana marketplace and explorer. A holistic suite of tools are tailored to assist users in their research (DYOR) and our dashboard is equipped with single-click solutions to execute complicated DeFi strategies. The DeFi instruments can be easily delineated by search factors, and with built in side-by-side comparison capabilities, our users will be able to find what best suits their financial needs.
Synchrony’s protocol will be supported by our Solana native SPL token, SCY. It serves to unlock staking rewards, premium features, yield farming, and other discounts. The SCY token will be used for limited governance, incentivizing liquidity, wallet validation, and fostering community engagement. Synchrony is optimized for mobile use as a key feature of its platform as this is the first step in equal access to DeFi for the entire globe.
Andrew Fraser is Synchrony’s architect. He is a software engineer with close to a decade of experience designing and developing solutions for tier-1 financial institutions. Andrew’s focus has been in execution platforms, algorithmic trading and algorithmic portfolio optimization. Andrew is a former director of a FinTech startup and also ran the fund execution platform for one of Hong Kong’s largest insurers.
Andy Keh is our strategy and user experience lead with over a decade of application and systems development. Andy first dipped his toes into Bitcoin in 2010 while researching cryptography for an R&D Directorship at a Berkshire Hathaway subsidiary (H.H. Brown). Andy has also managed operations for a digital marketing startup, where he executed strategies to scale the business and his team.
Mohammed (Med) El Amine Idmoussi is our resident full stack dev and block-geek. Med is a security expert, and he specializes in app integration and quality assurance. Med is working hand in hand with Andy on UI and UX, and having worked on multiple blockchain projects in the not so distant past, Med brings a wealth of block-specific experience to the equation.
Maurice Chalfin is our marketing and community engagement lead. Maurice has been in or around crypto since 2011 when his neighbor showed him an entire apartment filled with home computers mining Bitcoin. Maurice’s career has been focused on client relations, customer service, internal and external communications, as well as community and team building. Maurice is laser focused on fostering a strong community built upon inclusion and positive sum thinking.
While Andrew and Andy founded Synchrony, the team believes the amalgamation of our experiences, ideals, and values sets us apart from the pack. We believe it puts us in a unique position to execute the Synchrony vision from concept to creation, with tact and expertise. Before we were builders, we were all DeFi users ourselves, and we take this user-centric approach when tackling the problems we are working to resolve.
Synchrony is a marriage of our perspectives and ideals, unified in the common purpose to democratize access to DeFi for everyone.
Stay tuned as we will be releasing more details on Synchrony, teasers, community driven experiences, and partnership announcements in the run up to our Demo Day on September 14th, 2021. In the interim, please follow us on Twitter and Telegram, and see our articles on our blog and Medium.
IMPORTANT NOTICE AND DISCLAIMER
This document (this “Material“) is issued by Synchrony Labs Ltd (Company No.: 2064276) (the “Company“), a company registered in the British Virgin Islands. This Material has been prepared and issued to a number of potential users (such “Recipients“) of the “Synchrony” platform (the “Platform“) for the purpose of providing them with general information regarding the operational workflow of the Platform. This Material is provided solely for the information and exclusive use of the Recipient and may not be communicated, photocopied, reproduced, disclosed, distributed or divulged to any other person at any time except as agreed in writing by the Company. This Material shall in no event be construed as any form of investment, financial, tax or legal advice.
The information contained in this Material has been prepared solely for informational purposes and is not an offer or invitation to sell or acquire any shares, securities, asset-backed tokens or any assets or other equity interests of whatever nature via the Platform, and shall not be taken as any form of commitment or recommendation on the part of the Company to proceed with any transaction described. Any offer to purchase any interest in any product on the Platform from the relevant third party issuer or manager (the “Issuer“) shall only be made pursuant to a definitive offering memorandum or similar document prepared by or on behalf of the Issuer, which would contain material information not contained herein and which shall supersede this information in its entirety. An agreement relating to the Issuer or the acquisition of any asset-backed tokens will only give rise to any contractual obligations (express or implied) when such definitive agreement(s) are executed. Nothing contained herein shall be deemed to constitute an agreement by the Company to permit the Recipient to have unrestricted access to or use of the Company’s information, financial figures, data records, or otherwise.
This Material may include forward-looking statements. The Company has based these forward looking statements on its current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties, and assumptions about the Company, the Issuer, or the acquisition of any asset-backed tokens, and the business environment, and are subject to change without notice. The Issuer’s actual results of operations may differ materially from the forward-looking statements. The Company undertakes no obligation to update or revise the contents of this Material, whether as a result of new information, future events, or otherwise. In considering any prior performance history contained herein, the Recipient should note that past performance is not necessarily indicative of future results, and there can be no assurance that the Issuer or any transaction will achieve comparable results or that targeted returns will be met. In particular, the Issuer deals with investment in the early stage technology sector and digital assets. Participation in early stage technology and digital assets carry significantly greater risks and are of high risk and volatile.
In accepting delivery of this Material, the Recipient agrees that no information or communication, whether of facts or of opinions, contained in this Material (including any omission to make any statement) or any other written or oral communication transmitted or made available to the Recipient pursuant to or in connection with this Material is, or shall be relied upon as a promise, representation or warranty to the matters stated or otherwise, whether as to the past or the future. The Recipient’s decision to engage with the Issuer or the acquisition of any asset-backed tokens via the Platform shall only be made after independently reviewing the definitive agreement(s), conducting due diligence checks regarding the Issuer and all uncertainties, merits and risks involved as it deems necessary, and consulting its own investment, legal, accounting and tax advisors in order to make an independent determination of the suitability and consequences of engaging with the Issuer or the acquisition of any asset-backed tokens via the Platform, which shall be made in compliance with all applicable laws. Such information and communication is not intended to form the basis of any investment decision and accordingly the Recipient shall hold the Company harmless against any liability for damage or loss that may result from the Recipient relying upon all such information and communication.
The Company does not and does not purport to make, and hereby disclaims, all representations, warranties or undertaking to any Recipient, entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of this Material or any other materials published by the Company or its affiliates). To the maximum extent permitted by law, the Company, its affiliates and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of this Material, or any other materials published, or its contents (including without limitation any errors or omissions) or otherwise arising in connection with the same.
This Material has not been examined or approved by any regulatory authority. Where an offer is made by an Issuer pursuant to a definitive offering memorandum or similar document, it shall be made only in compliance with and subject to the limitations imposed by applicable laws applying to the offeror’s ability to offer securities to prospective investors in their relevant jurisdictions. Any transaction described or contemplated in connection with this Material may be subject to legal and regulatory requirements applicable in multiple jurisdictions, including but not limited to those imposed by the British Virgin Islands Financial Services Commission, Cayman Islands Monetary Authority, Monetary Authority of Singapore, government entities in the United States of America, including, but not limited to, the Federal Reserve Bank, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and other agencies outside of the United States of America that exercise appropriate jurisdiction over certain businesses. The Recipient shall be solely responsible for complying with any and all such requirements (if applicable).
The Company reserves the right to withdraw or amend this Material without arranging any reason therefore and without any liability whatsoever.
©2021 Synchrony Labs. All Rights Reserved.