Synnax

Synnax introduces syUSD, a fully decentralized, over-collateralized stablecoin that unlocks market-making yield for everyone without sacrificing safety or decentralization. Unlike traditional stablecoins, syUSD goes beyond outdated financial structures by tapping into yield sources like basis trading and arbitrage, ensuring scalable, adaptive returns. Tags: DeFi Stablecoin Protocol Ecosystem(): Sei Network Founded: