❓FAQ

How do I benefit?

By staking SOL or USDC. As interest is earned from the pool strategies these earnings reflect in backing price rising against the base staked asset. When you unstake, you receive the base asset + any accrued interest.

How do I get involved?

You can stake SOL or USDC on our site synatra.xyz.

Can the backing price go down?

Yes, the backing price can go down based on the strategies implemented by the pool. The risks and strategies are outlined in the risks and disclaimers section. Please see pool-performance for an example of the ySOL pool's performance to see drawdowns within the year.

There is no capacity now. What can I do?

Synatra limits capacity based on the pool's current utilization. This keeps the amount of idle Sol low and maintains a higher APY. Please check back periodically to see if capacity has opened up.

Can I just buy ySol or yUSD on Jupiter?

Yes. If you don't want to wait for capacity to open up, you can go to Jupiter and purchase ySol or yUSD.

Is swapping ySol or yUSD on Jupiter the same as staking?

Yes. ySol is ySol no matter where it comes from. You are free to sell staked ySol on Jupiter as well as unstake ySol that was bought on Jupiter. Same with yUSD.

How is APY calculated?

APY is calculated using a basic annual percentage yield formula (there are many references online). It is important to remember that this APY is simply a metric tracking performance from the beginning of the pool to now. This is not a guarantee. ySol/yUSD is not an "up only" asset and has exposure to the underlying digital assets.

Synatra got free tokens. When airdrop?

Synatra, being an active wallet on Solana, can unexpectedly (or expectedly) earn tokens. Things such as $BANX, $FISHY, $JUICE, $GECKO, $HARK, $DYM, and others have been distributed to us in the past or may be in the future. We have handled these all the same, and that is that the ySol pool will benefit by these tokens being converted back to underlying asset of the pool. Some drops are larger than others, and in the event of a very large drop, the rate at which the tokens are sold is up to the discretion of the team to prevent front-running of drops.

What are Cloak boosted rewards?

Cloak's boosted yield rewards are distributed on a month-by-month basis. This boosted yield is not an actual boost to the displayed APY but is the extra Sol earned from a lower fee.

Is your smart contract audited?

Our smart contract has successfully passed an audit by Offside Labs LLC. The audit report is now available, and you can review the full results below.

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Synatra-Sep-2024-OffsideLabs.pdf

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