SyncBank is a lending protocol that earns its main revenue from the interest on loans paid by borrowers. Unlike other projects, SyncBank is designed to adjust the reserve factor (protocol allocation of revenue streams from borrowers) and distribute them to SyncBank users.

• Borrower's interest fees

• Liquidation penalty fees

• Fees for claiming platform revenue share

Currently, SyncBank has a reserve factor of 80%, which means that if the protocol earns $1000 in interest, $800 of it goes to the protocol and $200 is rewarded to liquidity providers. However, 80% of that $800, i.e. $640, is paid out weekly to $SCB stakers. And when $SCB stakers claim their platform revenue share (e.g., ETH, USDC, etc.), they can only claim it in $SCB with a 5% fee.

This causes strong buying pressure on the $SCB token. Because when a user claims a share of the platform's revenue, $SCB tokens are automatically purchased with assets like ETH or USDC and distributed to the user.

And looking at other major lending platforms, it's estimated that when SyncBank reaches a market size of 10M, that number will be over $10,000 per week. In addition to that, the majority of the revenue accrued to SyncBank will be used to buy back and burn $SCB tokens.

come join us syncbank.xyz

SyncBank is a lending protocol that earns its main revenue from the interest on loans paid by borrowers. Unlike other projects, SyncBank is designed to adjust the reserve factor (protocol allocation of revenue streams from borrowers) and distribute them to SyncBank users.

• Borrower's interest fees

• Liquidation penalty fees

• Fees for claiming platform revenue share

Currently, SyncBank has a reserve factor of 80%, which means that if the protocol earns $1000 in interest, $800 of it goes to the protocol and $200 is rewarded to liquidity providers. However, 80% of that $800, i.e. $640, is paid out weekly to $SCB stakers. And when $SCB stakers claim their platform revenue share (e.g., ETH, USDC, etc.), they can only claim it in $SCB with a 5% fee.

This causes strong buying pressure on the $SCB token. Because when a user claims a share of the platform's revenue, $SCB tokens are automatically purchased with assets like ETH or USDC and distributed to the user.

And looking at other major lending platforms, it's estimated that when SyncBank reaches a market size of 10M, that number will be over $10,000 per week. In addition to that, the majority of the revenue accrued to SyncBank will be used to buy back and burn $SCB tokens.

come join us syncbank.xyz