Synthesize is a decentralized protocol that allows the creation and exchange of synthetic assets, they keep track of the price of the assets. Synthetify’s synthetic assets conform to Solana’s SPL standard and allow easy integration with DeFi applications via the Solana ecosystem
Synthetic assets are tokenized derivatives, which means they track the price of real assets like xBTC, which is tied to the price of BTC on a central exchange.
For example: Alice bets 2,500 30 days in advance. She receives 12 tickets, of which 5 tickets for 7 days in advance and 5 tickets for 30 days time limit and 2 additional tickets for staking 1000 RAY.
Lottery tickets: Users receive tickets according to the voting mechanism above. However, for a winning ticket, users must deposit USDC for each ticket they wish to participate in in order to complete the process.
For example: Alice has 12 tickets as described above, Bob wagered 300 RAY 7 days in advance and received 3 tickets.
Send money to: When the pool is open, users must deposit 100 USDC for each ticket in order to continue to participate in the lottery. Users can choose to deposit less than the allotted number of tickets, but unsuccessful tickets cannot be deposited. Deposits must be a multiple of 100 USDC (200, 300, ..).
For example: Alice pays USDC 1,200 for the maximum allotment to ensure that all 12 of her tickets are in the lottery. Bob deposited 200 USDC even though he had 3 tickets because he didn’t have enough money to attend 3 tickets. In Bob’s case, only 2 tickets were entered into the lottery.
Lottery tickets: Once the pool is closed, the lottery process takes place and the winning ticket receives 100 USDC SNY. The result of the lottery ticket will be announced very quickly after the pool closes. The user can have more than 1 winning ticket
For example: Alice got the winning ticket and received 1000 USDC SNY. Bob did not receive the winning ticket.
Claim: Once the lottery is complete, users can withdraw their USDC for the winning tickets. Receipt of SNY from the winning ticket will open when trading for SNY IDO starts (details in section below)
For example: Alice receives 1,100 USDC SNY and Bob requests 200 USDC according to the lottery results. Alice has to wait for SNY’s IDO to claim SNY.
Token starting price: 1.5 USDC for 1 SNY
IDO start time: 20:00 Day June 30, 2021 Hourly Vietnam.
How it happens:
Fusion Pool – Providing Liquidity to Earn SNY Rewards
The minimum requirement is 100 RAY
Step 1: Brothers Accessing the Raydium Platform: https://raydium.io/staking/
Step 2: Connect the wallet to the Raydium platform. Click on “Select”connect”. Choose Sollet Extension. If you create a wallet directly in the browser, select “Sollet”
Step 3: Wallet is connected, please select the bet table to be displayed “RAY stake”.
Step 4: Enter the bet amount and press “To confirm“
After confirming and verifying the number, you will have completed staking RAY to join Synthetify.
Currently the AcceleRaytor pool is not open so I haven’t shown you how to send USDC to the pool.
You can refer to Mercurial’s IDO guide Here
Is up Instructions to join Synthetify’s IDO on Raydium, the article content only contains detailed information about Synthetify’s participation in public sale and IDO, Raydium’s functions such as liquidity provision and income farm token LP on Pool Fusion, see previous article Readers, please follow coin68’s channel to update the latest information. All information in the article is information obtained from CoinCu itself and Coi. have been researchedn68 is not responsible for direct and indirect risks. Good luck!
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