What is DeSyn Restaking?
DeSyn Protocol is a DeFi asset management protocol that allows users to create and trade pools-based assets such as Portfolios/ETFs, structured assets, and more via smart contracts. Its vision is to provide secure, transparent, and affordable access to create and trade innovative financial products for everyone in crypto, promoting equal financial inclusion worldwide.
Key Components of DeSyn Restaking
- Portfolios/ETFs Management: Users can create and manage customized liquidity pools.
- Trading: Aggregates liquidity from DEXs on the chain for portfolio/ETF rebalancing and secondary market trading.
- Price Oracle: Integrates market data from Chainlink and major DEXs for pricing and settlement.
- Settlement: Provides clearing and settlement services, supporting withdrawals and commission management.
- DSN Token: Used for platform governance and paying transaction costs.
The DeSyn Restaking Architecture
The DeSyn Protocol ecosystem consists of three main types of participants:
- Creators
- Users
- Traders
Creators
Creators are the portfolio/ETF managers who utilize their expertise, creativity, and intuition to design, create, and issue market-attractive Portfolios/ETFs.
- Design and structure innovative Portfolios/ETFs
- Create and issue new Portfolios/ETFs using the DeSyn Protocol
- Manage and rebalance existing Portfolios/ETFs
- Set management fees, performance fees, and issuance/redemption fees (depending on the fund structure)
- For open-ended structures: buy and sell underlying tokens as needed
- For closed-ended structures: manage investments during the specified investment period
Users
- Users are ordinary investors who interact with the DeSyn Protocol to access and invest in various Portfolios/ETFs. Their roles include:
- Purchasing Portfolio/ETF tokens from centralized and decentralized liquidity trading pools
- Issuing corresponding tokens into the pool to obtain Portfolio/ETF tokens
- Holding or exchanging Portfolio/ETF tokens for asset management and investment purposes
- For open-ended structures: issue and redeem portfolio tokens at any time
- For closed-ended structures: invest during the fundraising period and redeem during the specified redemption period
Traders
- Traders and arbitrageurs operate in the secondary market, playing a crucial role in maintaining liquidity and price efficiency. Their roles include:
- Actively injecting liquidity into both Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) to obtain liquidity rewards
- Capturing arbitrage opportunities between different exchanges
- Indirectly creating better trading liquidity and experience for users through their trading activities
How does Restaking Work on DeSyn Restaking?
- Creation: Users can create portfolios/ETFs through the smart contract and its specified Factory.
- Issuance: Pools are funded through a standard Issuance Flow.
- Rebalancing: Users can update their pools by issuing a Rebalancing Pool Token.
- Redemption: Pools can be redeemed by burning the owner's Pool token and retrieving components.
