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What is SYNC Network (SYNC)?

Syncus is an innovative DeFi protocol designed to address the limitations of earlier systems like OlympusDAO by establishing a sustainable treasury and tokenomics model. It seeks to overcome issues such as excessive yield promises and dilutive practices by redefining the relationship between the treasury and the token. Syncus funds its treasury through protocol-imposed taxes on transactions, which helps maintain stability and ensures a genuine yield for stakers. This taxation method eliminates the need for dilutive bonds, fostering a self-reinforcing cycle of treasury growth and yield generation. The platform emphasizes long-term ecosystem health rather than short-term token value, aiming for a stable and thriving environment within the zkSync network.

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