We have been working hard over the past weeks to launch SynLev and yesterday we took the first step by enabling Uniswap LP rewards. This will be followed by incremental releases of different parts of the project until it is fully launched. There has been a lot of questions and some confusion regarding when and how these phases will take place. And now that project is coming together we can confidently present a realistic timeline and their order along with a brief description.
The SynLev launch will proceed as follows:
SynLev is a group of synthetic leveraged asset pairs built and tokenized on Ethereum, price fed data from Chainlink oracles. The goal of SynLev is to provide decentralized, trustless, and non-KYC gated leveraged assets that behave similarly to traditional leveraged ETF’s. At the core of the project is the SYN token which earns fees generated on the SynLev asset exchange. To date less than 11% of SYN tokens are in circulation, as we near our mainnet launch it is vital that the SYN token and particularly SynLev asset pairs maintain high liquidity.
SynLev is currently in the process of soft launching, starting with liquidity aspects of the ecosystem and finalizing with our first asset pair launch. The first step will be to incentivize liquidity on the SYN/ETH Uniswap pair. …
Earn up to $3,000 (60,000 SYN) for finding bugs in the latest SynLev contracts. If you are not yet familiar with SynLev project check out our intro article, litepaper, and dApp beta walkthrough. We have been hard at work testing and developing the core SynLev contracts and dApp. We are happy to report that our Kovan testnet contracts have been published and running for the past week without any major issues. And we are now ready to open public bug bounties.
Bugs are defined as any exploit on the SynLev core contracts that result in unexpected errors/behavior, illegitimate withdraw of funds, draining of contract funds, manipulation of price data, etc… Gas savings may also be considered as a low level bug for the purposes of this bounty. …