Synthetify is an upcoming blockchain base project which aims to simplify and unify DeFi applications. It’s an Ethereum based platform that establishes financial exchanges as pools of assets with derived interest rates, connected with demand and supply for given assets. That kind of application will be able to provide quick access to a variety of assets from one place using a single collateral. Similarly to Compound, which it is based on, users will have access to lending and borrowing on demand without the interference of third-party actors with competitive rates. Soon we will launch an alpha version of our platform. And then we will release our platform on the mainnet. Next up is our $SNY token release, which will be divided between users of the platform (75%), our team (15%) and a budget for future needs (10%). In the future, our plan predicts, the token owners will be able to govern over the platform and the possible profits it generates.
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