syde.fi
syde - EVM integration of synthtetic derivatives protocol on ton
Problem Statement
syde is a first synthtetic derivatives protocol on TON blockchain(similar to syntetix on EVM) it let users create synthtetic version of the assets after providing collateral(prices coming from PYTH) and for collateral it sues yield strategies to let users make money on both their tons and with synthts on top of thatwe just built a cross chain integration with it allowing seemless usage of eth thereso users can go now and mint synthtetic assets on TON blockchain, using their ETH funds
Solution
Prices for synths are coming from PYTH on mint we are updating and retriving themIn order to mint user also provides collateral and will be able to get a portion of the feesnow we let users also use their tokens from ETH blockchain, for now it's EVM version of testnet tonsso it does the crosschain integratio
Hackathon
ETHGlobal Prague
2025
Contributors
- bodyaswag1
1 contributions