SyncDAO
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  • 01. What is SyncDAO ?
    • Intro: Aggregators
    • Intro: Vaults
    • What are Perpetual Vaults?
    • SyncDAO Simplified
    • What problem is SyncDAO attempting to solve?
    • What would someone want to use a Perpetual Vault?
  • 02. Technology
  • How does the Affiliate model work?
  • Proof of Concept (GrowUSD.com)
  • Quantstamp Audit
  • Roadmap
  • 03. Governance & Token
    • Governance
  • 04. FAQ
    • Frequently Asked Questions
    • Appendix - Yearn & YFI Token
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  • What is APY?
  • What if the APYs drop?
  • Who controls the keys?
  • What guarantees are there?
  • What about inflation?
  • Why can’t I withdraw my initial capital from a Perpetual Vault?
  • What does the SyncDAO Token do?
  • When does the SDG token go live?
  • Can I pool funds for SDG?
  • How can I find out more?

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  1. 04. FAQ

Frequently Asked Questions

PreviousGovernanceNextAppendix - Yearn & YFI Token

Last updated 3 years ago

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What is APY?

As defined by , the annual percentage yield (APY) is the real rate of return earned on a savings deposit or investment taking into account the effect of interest.

What if the APYs drop?

SyncDAO token holders would put forward a proposal of a new strategy and vote to make the decisions to resolve this issue. Perhaps they add other DeFi Products, or perhaps they change goose rules entirely. Who knows, the wisdom of SyncDAO will decide.

Who controls the keys?

Users control the keys over their own Perpetual Vaults. They are just self-imposing a lock over their principal deposit to not be able to withdraw, while earning interest on the DeFi returns.

What guarantees are there?

None. This is an unproven thesis, use the experimental technology at your own risk.

What about inflation?

Some of the APYs are used to fatten the perpetual vaults and yields over time.

Why can’t I withdraw my initial capital from a Perpetual Vault?

This is for pioneers, courageous users who want to build unstoppable income streams. However, you will be able to sell your Perpetual Vault Token (PVT), which is representative of your individual holdings, as it will be transferable.

What does the SyncDAO Token do?

It is a governance token that proposes and votes over proposals relating to SyncDAO and its products.

When does the SDG token go live?

During DeFi’s Endless Summer 2021.

Can I pool funds for SDG?

How can I find out more?

IMPORTANT: Sync DAO Governance SDG token has not been released as yet. Do not engage with any imposter SDG. The Ethereum contract address will be displayed on syncdao.com closer to the launch.

We do have a small allocation remaining. If you are interested in putting together a pool for this, please complete this and we will be in touch.

Join our or our where will will be sharing all the info about how you can participate in SyncDAO.

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