Abstract

Syde is a decentralized liquidity provisioning protocol built on TON. Synthetic assets, and associated products, are collateralized by stakers via SyTON, which when locked in a staking contract enables the issuance of synthetic assets (synths). This pooled collateral model allows users to perform conversions between synths directly with the smart contract, avoiding the need for counterparties. This mechanism solves the liquidity and slippage issues experienced by DEXs.