Syncus will launch a lending platform where users can pledge SYNC to borrow USDC or ETH at an 85% ratio.

BlockBeats news on December 19th, the zkSync ecosystem project Syncus announced on Twitter that it will soon launch a lending platform. Users can borrow USDC or ETH at a rate of 85% by pledging SYNC, and regain liquidity. If users choose to sell without pledging, they need to pay 15% tax to the Treasury and can only obtain 85% liquidity. If users participate in pledge lending, the collateral will be liquidated when the SYNC price falls below the amount of the loaned assets, and the liquidity obtained from selling will be the same. SYNC increases Treasury revenue through transaction taxes and distributes dividends to pledge holders. Compared with OHM's bond design, the tax mechanism will create a growth flywheel: high yield - more demand - more trading volume - Treasury growth - higher yield - repeat. It is reported that Syncus is currently running on the Ethereum mainnet, with 187 ETH raised in 5 minutes during the IDO. It is a stablecoin ecosystem protocol that distributes dividends to pledge users through transaction taxes, aiming to repair and improve the sustainability issues of Olumpus (OHM) and establish a self-growing Treasury system through positive incentives. In the past week, SYNC's market performance has been outstanding, with a current market capitalization of 20 million and a 7-fold increase.