The creation of a 'Truly' Decentralised stablecoin collateralised by the underpinning locked ETH-SYNC LPT and Bonded Sync NFT

Dai was once truly centralised. But with the collateralization of MAkerDAO CDPs with stablecoins and Wrapped BTC has made DAI a centralised stablecoin with external points of failure beyond the Ethereum ecosystem.

I propose a new Sync stablecoin backed by the underlying locked liquidity in ETH/SYNC pools, backed by staked 3 year Sync bonds that are upto 3 months before their maturity date. This would allow the sync community to increase cashflow by staking their bonds and also incentivise and attract the wider DEFI community into our sync ecosystem and rapidly spreading the popularity of SYNC and increasing the utility (and possibly price) of the Sync token.