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Mission
Stable and decentralized digital synthetic assets have immense potential to democratize finance and bring fairness to parts of the world that don’t have access to low-volatile quality assets. Potential market for collateralized synthetic assets is enormous. It’s imperative we continue moving the synthetic assets sector forward!
Poison.Finance is on a mission to democratize finance for All. We propose that in order to achieve 100% compliance with our objectives, promote a healthy ecosystem and maximize profits, we need to optimize along six main features of the synthetic asset system:
- Stability
- Transparency
- Decentralization
- Scalability
- Security
- Adaptability
Let’s take a look at a few existing (and past) synthetic asset systems:
Synthetix is a widely adopted decentralized, over-collateralized synthetics issuance protocol. It’s stable and (somewhat) decentralized, but difficult to scale due to its over-collateralization model. Not capital efficient and prone to administrative over-site - faced with regulatory scrutiny had to delist and stop trading all collateralized commodities, stocks and etfs.
Mirror collateralized synthetics issuance protocol on Terra blockchain. It looked Decentralized, but when the UST collapsed and a true nature of reliance on closed ecosystems was revealed. Even though at one point producing a revenue of 1 million USD a day in protocol fees alone Mirror imploded from within. At the end the Oracle stoped reporting and the Piper stopped playing. On top due to the closed nature of the protocol - 0 accountability and transperency for user deposits and funds.
FTX was centralized crypto and derivatives exchange that at one point tried to monetize synthetic assets. But under the diguise of regulated entity - a balloon of emty air - a nothing burger.
How is Poi$on different?
- 1.Stable - Due to its multichain nature ability to be collaterized by a multitude of different stablecoins and interest bearing tokens. No dependence on the fate of one asset.
- 2.Transparent - All collateral on chain is not used for any other purpose, the protocol is immutable. Contract is the law!
- 3.Decentralized from the start no central governing authority. The code is delivered before the commencement of the protocol. No owner. No founders or team tokens. All functions of the protocol are undertaken by users in the name of profit only!
- 4.Scalable due to the multichain nature we will be able to achieve not only lower levels of collateralization ratios but also greater capital efficiency.
- 5.Secured through code immutability and decentralization.
- 6.Adaptability - ability to move to most profitable markets of the moment. no dependence on one oracle protocol.
Now lets grade the protocols:
Feature | POI$ON | SNX | Mirror | FTX |
|---|---|---|---|---|
Stability | A | F | F | F |
Transparency | A | F | F | F |
Decentralization | A | F | F | F |
Scalability | A | F | F | F |
Security | A | F | F | F |
Adaptability | A | F | F | F |
Let's POI$ON Finance!
Last modified 4mo ago