Decentralized crypto volatility index with an elastic supply
SynDEX PROTOCOL EXPLAINED
SynDEX protocol is designed to systematically and automatically track the market performance of the components constituting the SynDEX Index by neutralizing market capitalization dominance and measuring real-time volatility.
The SynDEX Index tracks the growth and adoption of the 10 key crypto assets that are selected on the basis of market trends, permeation, liquidity, and cross-asset interdependency.
The SynDEX token is a non-dilutive rebasing token, which means that the supply expands or contracts based on a movement in the token’s price and the price of the reference crypto index.
The Governance token is a non-rebasing token responsible for the creation and execution of governance proposals, delegation, and votes.
The SynDEX staking pool features a perpetual rewards pool that is constantly resupplied by a taxation system as long as there is growth within the ecosystem.