Tokens

Tokens breakdown

Tokens

There are 4 major tokens in the protocol (visit the tokenomics for more details)

• SYNO - the protocol token

• tSYNO - locked SYNO for users who want to convert their NEWO tokens to SYNO tokens

• rCT - rewards claim token - veNEWO holders who converted their NEWO tokens to SYNO tokens, can receive also rCT tokens

• vlSYNO - locked Balancer ETH-SYNO LP tokens

SYNO

A standard ERC20 token

vlSYNO

A non-transferable ERC20 token. Earns a portion of the protocol fees (visit tokenomics for more details)

vlSYNO.stake(...)

• Allows users to lock their Balancer ETH-SYNO LP tokens for a certain period of time

• Params

  • amount

  • lockPeriod - ONE_MONTH | THREE_MONTHS | SIX_MONTHS | TWELVE_MONTHS

    • the longer the lockPeriod, the more bonus fees it earns, visit the tokenomics for more details

vlSYNO.requestUnstake(...)

• Initiates the unstaking process, which involves a 7 days cooldown period. After you request an unstake, you have to wait at least 7 days to be able to unstake your vlSYNO and receive your LP tokens

• Params

  • index - the index of the sake to be unstaked. Can be retrieved from the vlSYNO.Staked events

vlSYNO.unstake(...)

• Finalizes the unstaking process initiated by vlSYNO.requestUnstake(...). Retrieves the LP tokens and returns them to the user.

• Params

  • index - the index of the sake to be unstaked. Can be retrieved from the vlSYNO.Staked events

vlSYNO.restake(...)

• When a vlSYNO stake expires, it no longer earns bonus APY, instead of unstaking it, waiting 7 days cooldown period and then staking it again, a user can immediately restake it.

• Params

  • index - the index of the sake to be restaked. Can be retrieved from the vlSYNO.Staked events

TokenConverter

This smart contract allows users to convert their NEWO tokens to tSYNO and rCT tokens.

TokenConverter.ClaimInput

The input for TokenConverter.convertWithProof(...) function. The input values must match the merkle tree leafs:

• amount

  • must be lesser or equal to rCTCap/multiplier

  • this much NEWO will be converted to tSYNO

• proof - merkle tree proof

• index - merkle tree index

• rCTCap

• multiplier

TokenConverter.convertWithProof(...)

• This function converts NEWO to tSTYNO and rCT tokens

• This function should called once only. If you want to convert your NEWO in stages, use TokenConverter.convert(...) for subsequent conversions

• Should be only called if the user is eligible to rCT token (veNEWO stakers, visit the tokenomics for more details)
• It's required to use this function if the user is eligible to rCT tokens

• Params

  • ethereumClaim - a proof of rCT eligibility from Ethereum

  • avalancheClaim - a proof of rCT eligibility from Avalanche

  • disclaimerSignature - a signed disclaimer (TokenConverter.disclaimer)

TokenConverter.convert(...)

• If your are eligible to rCT token (veNEWO stakers, visit the tokenomics for more details), call TokenConverter.convertWithProof(...) first.
• This function converts NEWO to tSTYNO and rCT tokens

  • For users who are veNEWO stakes and called TokenConverter.convertWithProof(...) first

  • For all the other users

• Params

  • network

    • The origin network for the NEWO you want to convert

    • ITokenConverter.Network: ETHEREUM | AVALANCHE

  • amount

    • this much NEWO will be converted to tSYNO

    • if you are eligible to rCT tokens and called TokenConverter.convertWithProof(...) previously, you'll receive rCT tokens as well.

  • disclaimerSignature - a signed disclaimer (TokenConverter.disclaimer)

tSYNO

A non-transferable ERC20 token. Earns a portion of the protocol fees (visit tokenomics for more details). Can be obtained through NEWO token conversion through tSYNO.unstake(...).

tSYNO.unstake(...)

• tSYNO tokens will be converted to SYNO tokens when unstaked. If unstaked before the lock period elapses, a penalty is applied. The penalty starts at 90% and decreases linearly to 0% over the lock period. The penalty is transferred to the protocol treasury.

• Unstaking tSYNO tokens will result in permanently burning corresponding rCT tokens.

• If you have a suprplus of tSYNO tokens over your vlSYNO allowance, unstaking them will not result in burning rCT tokens (visit the tokenomics for more details)
• Params

  • amount

rCT

A non-transferable ERC20 token. Earns a portion of treasury yield (visit tokenomics for more details). Only staked rCTs earn the yield. You can stake/unstake any time with rCT.stake() and rCT.unstake().

RewardsDistributor

For every asset distributed by the protocol to the users (rewards, emissions, yield) there is a RewardsDistributor instance.

RewardsDistributor.claim(...)

• Allows to claim rewards for multiple epochs

• Params

  • inputs - a list of merkle tree proofs (RewardsDistributor.ClaimInput) for the distribution claims