แปลง Native Decentralized Euro Protocol Share NDEPS เป็น Synapse SYN

Native Decentralized Euro Protocol Shares (nDEPS) are the governance token of the Decentralized Euro (dEURO) system. Anyone can obtain newly minted nDEPS by providing equity capital to the system and later return them to reclaim their share of capital. nDEPS holders benefit from the earned fees and liquidation profits, but they are also the ones who bear the residual risk of liquidations, similar to the shareholders of a bank. Therefore, nDEPS holders have an incentive to grow the system and ensure its stability. The governance process is veto-based: anyone can propose new types of collateral or even completely new methods to bring dEURO into circulation, but just 2% of the voting power is sufficient to veto such proposals.

SYN is an Ethereum token that powers Synapse, a protocol for bridging and swapping assets across chains, earning yield, and more. SYN can be used to vote on the future of the protocol, and can be awarded to network liquidity providers. Synapse also plans to develop a proof of stake blockchain called Synapse Chain in which validators can stake SYN to help secure the network.