1ETH into SYNC to then mint into CryptoBonds

I believe as Chads we need to hedge against the inevitable bull market runs, and I see this as an innovate way to do so.

Proposed investment: 1 ETH into a simple CryptoBond. Buy: Immediately Duration: 3 Years Current Rate: 314.39% SYNC Mining Rewards: 12.05% SYNC Current Price: $0.0145

Stop Loss: -12.5%

The SYNC Network offers tradable, time-locked liquidity stored in CryptoBonds, a brand new financial asset combining DeFi with NFTs. Currently $930,000 USD bonded out of $1,000,000.

The SYNC Network is composed of two main smart contracts: the SYNC ERC-20 contract and the CryptoBond ERC-721 contract. SYNC tokens have an undefined (i.e., theoretically uncapped) total maximum supply with inflationary and deflationary effects arising from the market’s organic use of CryptoBonds. Despite being a long-term tradeable stake, CryptoBonds do not share anything in common with traditional finance bonds and do not represent a debt obligation owed by a person to the holder of the CryptoBond. They are called ”bonds” because they are created by ”bonding” tokens representing the creators share of a decentralized liquidity pool (e.g., Uniswap ’liquidity-tokens’) with an equally valued amount of SYNC until a specific pre-comitted period of time (ranging from 90 days to 3 years) has elapsed (i.e., until the ’maturity’). CryptoBonds introduce proof of long-term position in DeFi liquidity pools, and will naturally strengthen the core of DeFi finance as a whole. The market for CryptoBonds determines the deflation and inflation of SYNC. Deflation of the SYNC currency happens when CryptoBonds are created, burning SYNC from the total supply. When created, a CryptoBond locks liquidity-pair tokens with the corresponding dollar-to-dollar value in SYNC at the currently offered proof-of-liquidity SYNC mining reward rate of SYNC. The longer the CryptoBond stake, the higher the mining reward rate offered. When a CryptoBond matures and is claimed by the holder, the original bonded SYNC re-enters the market. The SYNC mined by the CryptoBond during the maturation period may either be released periodically during the maturation period or may all be released upon maturity of the CryptoBond. On the smart contract level, all of the SYNC ’released’ by CryptoBonds is newly minted by the SYNC ERC20 contract. This process can be roughly analogized to a traditional bond issuer repaying the principal and interest on a traditional bond to the bond holder upon redemption, or paying the bond holder periodic interest while the bond matures and repaying the ‘principal’ upon maturity. However, with CryptoBonds, the ’issuer’ is not a company, but a decentralized smart contract system, and there is no ‘debt’ or ‘interest’ being paid; instead, redemption occurs when the CryptoBond holder un-stakes his SYNC from the CryptoBond to regain that SYNC plus additional SYNC granted as a reward for staking to validate proof-of-long-term-position. (https://syncbond.com/wp-content/uploads/2021/02/sync_whitepaper.pdf)

The investment plan would be as explained in the white paper:

1. Provide $1ETH worth of liquidity to Uniswap to receive LPT tokens
2. Acquire same $X USD worth of SYNC (Note: worth in USD of Uniswap liquidity and SYNC bonded must be equal)
3. Create a CryptoBond
4. Trade your CryptoBond, or wait until it matures and pocket both the staked SYNC, and the mined SYNC. (This is our way out to cut losses)

Upon maturity of our CryptoBond the original amount of SYNC is returned plus all of the SYNC mining rewards.

Risk: Low