Synesis One
  • Abstract
    • Ontology | Definition
  • 1. Overview
  • 2. Ecosystem: Synesis One
    • 2.1 Intention
    • 2.2 Ecological Landscape of Data Monetization
    • 2.3 Shared Economy - Distribution of Value
    • 2.4 Sustainability Through Wealth Creation
  • 3. Ecological Flow Part 1: Ontology Mining
    • 3.1 Overview
    • 3.2 Architecture
    • 3.3 Ontology Miners: Architect, Builder, and Validator
    • 3.4 User Interface
    • 3.5 Gamification
      • 3.5.1 Ontology Mining: The Architect, Builder and Validator Scores
  • 4. Ecological Flow Part 2 : Provenance Registering
    • 4.1 Overview
    • 4.2 Architecture
    • 4.3 Process
    • 4.4 Plug-n-Play Modularity with AI Systems
    • 4.5 Solana
    • 4.6 Meta-Data Database
    • 4.7 Mind AI as the First Beneficiary and Consumer
  • 5. Ecological Flow Part 3: Primitive Indexing
    • 5.1 Overview
    • 5.2 Architecture
    • 5.3 Process
    • 5.4 The Metaplex NFT Standard
    • 5.5 Synesis Metaverse
    • 5.6 Synesis Relevance Index (SRI) and Synesis Relevance Index Score (SRIS)
    • 5.7 Kanon
      • 5.7.1 Inspiration
      • 5.7.2 The Design
      • 5.7.3 Collectable
      • 5.7.4 Social Currency of Community Participation and Stickiness
      • 5.7.5 Multi-Language Support
      • 5.7.6 Release Schedule
        • 5.7.6.1 Kanon Collection Epoch Event and Chronological Sequencing
      • 5.7.7 Partnership with Digital Artists
      • 5.7.8 Economics of Claimable Ownership Reward
      • 5.7.9 Recruiting Mechanism
  • 6. Ecological Flow Part 4: Primitive Monetizing
    • 6.1 Overview
    • 6.2 Architecture
    • 6.3 Atomic Split
    • 6.4 Collateral-based Asset Transmutation (CAT)
    • 6.5 Potential DeFi Applications
  • 7. Ecosystem Element 1: SynesisDAO
    • 7.1 Intents
    • 7.2 Constituencies
    • 7.3 Overall Economics
    • 7.4 Governance
  • 8. Ecosystem Element 2: Kanon Exchange
    • 8.1 Motivation
    • 8.2 Revenue Model
    • 8.3 Gamification
    • 8.4 Community Events
  • 9. Ecosystem Element 3: Rewards | Subject to Changes
    • 9.1 Overview
    • 9.2 Mining Rewards
      • 9.2.1 Mining Requirement
      • 9.2.2 Release Schedule
      • 9.2.3 Synesis One Mining Rewards Equations
        • 9.2.3.1 Dynamic Maximum Rewards for Participants
    • 9.3 Kanon Ownership Claimable Rewards
      • 9.3.1 Claimable Reward Requirement
      • 9.3.2 Claimable Reward Release Schedule
      • 9.3.3 Kanon Ownership Claimable Rewards Equations
  • 10. Ecosystem Element 4: Mind AI
  • 11. Ecosystem Element 5: Synesis Foundation
    • 11.1 Intention
    • 11.2 Ethics Board
    • 11.3 Key Value Proposition
  • 12. Anatomy of Dual Token Model
    • 12.1 Overview
    • 12.2 On Synesis ($SNS)
      • 12.2.1 Inflationary Measure | Subject to Changes
      • 12.2.2 Deflationary Measure | Subject to Changes
    • 12.3 On Kanon (KNN)
  • 13. Conclusion
    • Why?
  • References
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  1. 6. Ecological Flow Part 4: Primitive Monetizing

6.4 Collateral-based Asset Transmutation (CAT)

Previous6.3 Atomic SplitNext6.5 Potential DeFi Applications

Last updated 3 years ago

CAT turns a Kanon into a composable DeFi asset, usually with a stablecoin such as USDC. Let’s take the same example used in the previous section.

Step 5: The same holder with 4 child-Kanons decides to stake 2 of the four child-Kanons into the NFT-to-DEFI box.

Step 6: At the time of staking, the prevalent collateral ratio is 33.33% and a single SNS can be swapped into 1.5 USDC on Raydium or Serum DEX. So, 2 child-Kanons with the combined market value of 20 SNS can be collateralized into the vault and the protocol mints the same user with 10 USDC. Here is the calculation:

10 USDC = 20 SNS * 1.5 USDC/SNS * 33.33%

Step 7: The NFT-to-DEFI protocol will charge the holder a 0.15% monthly service charge for the 2 child-Kanons collateralized. If the market price of the Kanon falls 66% or more, the holder must add SNS into the protocol to make sure the total collateral ratio based on the value of Kanon and the balance of SNS added stays at 33% or below; otherwise, the protocol will liquidate the collateral and keep it.

Step 8: The holder swaps 10 USDC into a 0.01 that earns 1,289% APY. She decides to go for it for 30 days.

Step 9: The holder returns to retrieve her original 2 child-Kanons by putting 10 USDC plus paying the monthly service fee of 0.15% of the market value of 2 child-Kanons in SNS. The holder basically doubled her initial stake of 10 USDC into 20 USDC in a month so her net earnings were 10 USDC from the original 2 child-Kanons.

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