Synnax| Stablecoin infrastructure layer
@fdn_labs
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Infrastructure for yield-bearing stablecoins. TG: https://t.co/ZeKuP9ZkdU
Blockchain
Joined March 2023
Good move from Сoinbase. Foundation (our V2) follows similar model except for our custom stablecoins are tokenized vault tokens. How it works. We issue base token - single dollar pegged layer call it USD prime. Any fund, market maker, curator, or project can launch
Introducing Coinbase Custom Stablecoins. Create a branded stablecoin for your business, backed 1:1 by collateral custodied by Coinbase. → Earn rewards on activity → Seamless interoperability across chains → Tap into Coinbase’s global distribution
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Transparency isn’t optional in DeFi. As strategies get more complex, looping, leverage, RWAs, black-box yield breaks. Users need to see exactly how capital moves. At Syn Labs, every strategy we tokenize will expose its full flow of funds: where capital flows, how it’s
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ACRED has been live on SEI since September. As onchain credit primitives mature, multiple lending protocols can already support leverage against tokenized credit. We’re seeing this emerge on other chains as well (e.g. Loopscale enabling ACRED-based credit strategies). On
We've expanded to @SeiNetwork, debuting with the Securitize Tokenized Apollo Diversified Credit Fund ACRED, a $112M private credit vehicle. "ACRED’s expansion to Sei further demonstrates how blockchain infrastructure can unlock new pathways for investor participation in private
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Xiaomi is highly popular in the Southeast Asian market, where fragmented currency systems and high bank exchange fees make stablecoin payments a major emerging opportunity. We’re pleased to build on SEI as our primary network. Synnnax is launching V2 stable coin soon with lots
A new era of mobile finance is coming to Xiaomi's global user base. A next-gen finance app powered by Sei and designed for stablecoin payments, will be integrated into the Xiaomi mobile ecosystem, coming pre-installed on new devices. Money made instant — built into your phone.
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Mint is live.
We’re thrilled to announce The Rubicon Gems 💎 A collection of 8,888 NFTs featuring the Rubicon Gems - created for the Sei DeFi community. Holders of the NFT who also stake & hold $rSEI will earn point multipliers, boosting their rewards. Stay tuned for WL announcements. 👀
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Rubicon is opening whitelist access for our community for The Rubicon Gems. Good opportunity for anyone active in the SEI ecosystem. Form:
docs.google.com
Rubicon Gems NFT Whitelist Application Sign up here for your chance at a whitelist spot for Rubicon's upcoming NFT mint on Sei! Mint will happen on Magic Eden. Keep an eye out on Rubicon's socials...
We’re partnering with @synnax_labs to give their community whitelist access to The Rubicon Gems 💎. Synnax traders will receive spots for our upcoming NFT collection, with points boosts available for Gem holders who stake $rSEI.
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Our friends at @RubiconStaking are rolling out a new NFT collection for the Sei ecosystem
We’re thrilled to announce The Rubicon Gems 💎 A collection of 8,888 NFTs featuring the Rubicon Gems - created for the Sei DeFi community. Holders of the NFT who also stake & hold $rSEI will earn point multipliers, boosting their rewards. Stay tuned for WL announcements. 👀
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Fresh update from Syn Labs and Foundation: • Synnax USD and Foundation codebases are in active audit • Updated Synnax & Foundation documentation: https://t.co/hJob58Bwrf • Community chat: https://t.co/LBfaM747ac for direct, unfiltered discussion
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5/ What’s next Rebranding to Foundation continue alongside protocol hardening. More updates will follow once audit milestones are cleared.
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4/ System mode Collateral remains locked in the system during the audit to eliminate any risk pathways while final checks are performed.
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3/ Price movement Recent volatility came from market conditions and limited protocol functions, with the syUSD-SEI pool amplifying the move. Controlled repayments and arbitrage activity are already helping restore price stability.
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2/ Current functionality Debt repayment is live. If you have syUSD debt, you can buy syUSD on the market and repay now. Full collateral withdrawals will reopen after the audit is completed.
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1/ Security syUSD reserves are fully secured. The protocol is currently in an audit and stabilization phase.
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November 4, Synnax Labs progress update. Operations are stabilizing and core functions are resuming.
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The $OXI flywheel in motion. 1️⃣ Liquidity and trading activity expand More traders and LPs join Oxium - deepening markets, tightening spreads, and enhancing execution quality. 2️⃣ Protocol revenue grows Increased trading volume and on-chain activity generate sustainable protocol
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3. Forward Rebranding efforts are underway to better reflect our yield-optimized stablecoin infrastructure. More updates on the Foundation’s upcoming enhancements will follow soon. Questions are welcome in the replies.
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2/ User Enablement Phased minting and redemption will go live next week, beginning with controlled batches to ensure a smooth rollout.
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1/ Security syUSD reserves remain fully secured. We’re finalizing audit preparations this week to ensure complete coverage before moving forward.
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Progress update from Synnax Labs. Key developments below ↓
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