SynLev

Overview of SynLev

SynLev will chart a alternative path and hold on to the ideals of decentralization as its main value proposition while keeping leverage of a typical “3X” synthetic leveraged asset token within a 1.5X and 4.5X range enforceable via a loss limiter.

SynLev is inseemed to be used by traders who want to trade on a medium term basis (1-3 day) and do not want to expose themselves to risks associated with debt-based leveraged trading which include liquidation and interest.

SynLev assets are deployed in pairs and are collateralized by both the ETH required to mint the tokens, the performance of the opposing asset, and liquidity providers.

SynLev is a Defi project launched just a number of weeks ago, allowing users to short and long Ethereum and other cryptocurrencies with leverage in a decentralized way.

SynLev makes money in two ways: first and foremost we stake dev fund SYN tokens in the SYN staking contract, earning fees generated by the SynLev exchange.

SynLev is a group of synthetic leveraged asset pairs built and tokenized on Ethereum, price fed data from Chainlink oracles.

Synlev is one of the only undiscovered low marketcap (below 1M) gems that offers all ingredients for rapid growth.

SynLev developers seemed to have pulled an exit scam as they are nowhere to be seen during this time of crisis.

SynLev’s market cap currently sits at $200,205.00 USD, holding up for a market cap rank at #2121.

SynLev (SYN) se je v zadnjih 24 urah povečala za 3.19%.

Mine

The SynLev project has gained a lot of traction in the space, with prominent investors and analysts in the space sector mentioning it.

Support

SynLev has synthetic leverage without KYC.SynLev is capable of supporting aggregate leverage for any of the assets listed on Chainlink’s price feed.

Are there any alternative platforms to buy SYN or Bitcoin with credit cards?

Yes.Changelly is also a very easy to use platform for buying Bitcoin with credit cards.It is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card.Its user interface is very easy to use and the buying steps are pretty self-explanatory.

Are there any quick ways to buy SYN in Europe?

Yes, in fact, Europe is one of the easiest places to buy cryptos in general.There are even online banks which you can simply open an account and transfer money to exchanges such as Coinbase and Coinmama.

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Bitcoin is up by a robust 4% today as it bounced from $53,000 to reach as high as $58,000 yesterday.It has since dropped slightly and is trading around $57,000.Amazingly, over the past 2.5 months, bitcoin’s trading range is mainly between $50k and $60k.Yesterday’s high at $58k…

Can I buy SYN with cash?

There is no direct way to buy SYN with cash.However, you can use marketplaces such as LocalBitcoins to first purchase Bitcoin, and finish the rest of the steps by transferring your bitcoin to respective AltCoin exchanges.

Development activity?

1 event  -50.

Hello! What’s your background, and what are you working on?

I’m Carl, better known to the crypto community as Icarus.I’m the core developer and creator of SynLev: Synthetic Leveraged Assets.I’ve been in and out of crypto since 2015, learning and investing but not taking it particularly seriously in the early days.My educational background is in engineering and I’ve had a passion for finance and investing my whole life.More recently, I’ve been passionate about the potential of crypto to bring equal access financial products and financial freedom to everyone.

Synlev / USD Forecast, SYN price prediction: Buy or sell Synlev?

SYN Price is 0.0163 USD today.

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What are your goals for the future?

In the short term our main goal is to continue to grow the exchange with more trading pairs and expand our user base.We are very fortunate that the recent DeFi boom has caused Chainlink to continuously add price feeds, which allows us in turn to continuously add trading pairs.The main thing inhibiting our growth are the rising gas prices and limitations of the Ethererum network.We like everyone else in the DeFi space are eagerly awaiting the advance of Eth2 and L2s.

What do you think about the SynLev today?

Let us know by clicking the given button.

What is SynLev?

The goal of SynLev is to provide non-KYC defi synthetic leverage tokens like 3X and 10X and more BEAR or BULL ETH/USD, LINK/USD and many more decentralized oracle pairs fed from a chainlink oracle data feed which has never been done before allowing traders to avoid centralized platforms like Bitmex and points of failure or asset manipulation.

What is SynLev?

SynLev is a group of synthetic leveraged asset pairs built and tokenized on Ethereum, price fed data from Chainlink oracles.The goal of SynLev is to provide decentralized, trustless, and non-KYC gated leveraged assets that behave similarly to traditional leveraged ETF’s (e.g.3X BULL ETH/USD token).Traditionally leverage is achieved through debt or fund re-balancing.

What is
the SynLev price today?

The current price of SynLev is
0.0163 USD today.

What went into building the SynLev?

We spent roughly 3 months publicly developing SynLev and an additional 3 months prior developing the underlying math and mechanics.In this time we’ve seen an explosion in the DeFi space.

What’s SynLev backstory?

I created SynLev because I saw that crypto was missing a lot of financial products that are standard in traditional financial markets.While forex-style leveraged trading is quite developed in crypto, other popular products like options or ETFs are still very much immature.A key thing I noticed is that there seems to be surprisingly little overlap between the traditional finance/trading communities and crypto communities.Traditional investors have very little knowledge of crypto markets and vice versa.

What’s your business model?

SynLev makes money in two ways: first and foremost we stake dev fund SYN tokens in the SYN staking contract, earning fees generated by the SynLev exchange.This is the long term revenue source for the project.This aligns our business interests with that of SYN token holders: anyone who’s been watching crypto for a while has seen what happens when the business interests of the team are not aligned with the holders/community.Second in the short term we are selling 2 million SYN to bootstrap project funds (more info on token sale here).

What’s your position on the regulatory landscape today?

Crypto is at a very crucial point, we are seeing major exchanges implementing region lockouts and implementing KYC/AML compliance.It is necessary for some exchanges to comply with government regulations, particularly for fiat-to-crypto on/off ramps.However we believe that it’s important for crypto financial products to be as uncensorable and permissionless as possible.Ethereum and smart contracts are very important tools to realize these goals.Any DeFi website or servers can be seized, but the Ethereum virtual machine cannot.

Why SynLev?

From SynLev’s whitepaper, the goal is to provide trustless, decentralized, and non-KYC gated leverage assets similar to traditional leveraged ETFs.In the latter’s case, liquidity is from debt and fund re-balancing.

Will SynLev crash?

According to our analysis, this can happen.

Will SynLev hit 1 USD in a year?

Not within a year.See above.

Will SynLev hit 10 USD in a year?

Not within a year.See above.

Will SynLev hit 5 USD in a year?

Not within a year.See above.

Will SynLev price drop / fall?

Yes.The price of SynLev may drop from
0.0163 USD to
0.000873 USD.The
change will be
-94.643%.

Will SynLev price grow / rise / go up?

No.See above.

Will SynLev replace / surpass / overtake
Bitcoin?

According to our predictions, this won’t happen in near future.

History of SynLev