Yes, forever — as in continuously, for a limitless time, never-ending… Because computers.
Thanks to new technology in the finance world, the ability to earn interest endlessly is now possible.
What is this magical new tech?
Say hello to three new words that will be part of human civilization for generations to come: blockchain, cryptocurrencies, and DeFi.
What is blockchain and why is it important?
Without getting too technical, blockchain technology is simply a chain of data blocks that are distributed across a network of computers. It’s like a collection of accounting ledgers where everyone can see what’s in the books so that it’s more difficult for bad actors in the ecosystem to fudge the numbers. It’s revolutionizing access and trust in the information that we send and receive each day as we progress through the digital age, minimizing corruption and fraud because the technology is managed by computer programming rather than human error.
You’ve probably already heard about Bitcoin (BTC) — a cryptocurrency that sparked the blockchain revolution that has spawned almost 12,000 other variants since its inception 13 years ago. A cryptocurrency is a form of digital asset that is distributed across a blockchain network. The word “cryptocurrency” is derived from the encryption techniques used to secure the network and preserve the integrity of transactional data.
This brings us to our third word, DeFi: Decentralized Finance. Because cryptocurrencies like Bitcoin are distributed across a network of computers, they have a decentralized structure that allows them to exist outside the control of governments, private companies and central authorities, also known as CeFi (Centralized Finance).
These three building blocks form the foundation of a new era in finance, where anyone with an internet connection can manage money on their terms and become their own bank.
SyncDAO leverages DeFi to challenge the existing narrative of wealth creation by providing automated money-making tools to all.
This is done through a product called a Perpetual Vault. Like a bank vault, SyncDAO’s Perpetual Vaults store valuable assets in the form of cryptocurrencies and can protect them from external risk. However, unlike a traditional bank vault, the assets can also be put to work to make more money and grow the vault continuously, using established DeFi strategies around borrowing, lending, and interacting with other DeFi users and platforms to generate safe and stable returns.
These transactions follow contractual rules written in the computer code that interacts with the blockchain, making it possible for thousands of instructions to be executed daily, conveniently making money around the clock.
What makes a vault perpetual is in the basic principle of compounding interest and not stealing cookies from the cookie jar. A SyncDAO Perpetual Vault protects users’ stable coin deposits by only ever dipping into the returns generated by the vault. It uses some of those returns to add to the vault so it is always compounding and growing, and to help maintain the ecosystem required to operate the vault, while the rest is paid out to the users. Users can have an unending stream of cash flow OR fast track their own savings through further compounding.
By exercising a little discipline through the intelligence and convenience of technology, you can effectively stop yourself from borrowing from your future self, and instead set up investments so that you have money that makes money, forever.
While there are many technicalities involved in building such a system, it’s just one example of the fancy financial functions that blockchain, cryptocurrencies, and DeFi have brought to the table; with SyncDAO at the forefront of pioneering products to bring the power of wealth creation and lifestyle freedom to future generations.
Chat to us about it in our SyncDAO Telegram or Discord today!
If you’d like to know more about SyncDAO you can check out the website at syncdao.com
You can join the conversation on one of our channels
syncdao.com/discord
syncdao.com/telegram
syncdao.com/medium
syncdao.com/facebook
syncdao.com/twitter
Or check out more in depth details about the project;
syncdao.com/deck
syncdao.com/litepaper
syncdao.com/tokenomics
You can verify the token address on https://etherscan.io/token/0xcf8829ae9384540c886a151fac3a865794cb9a01 and on the official SyncDAO website https://syncdao.com/how-to-buy-sdg-syncdao-governance-token/
