If there is one name that should be on everyone’s radar, it’s Synapse Network. This is because Synapse has recently announced a brand new flexible staking solution that aims to revolutionize the way the process is done. Of course, no one should invest in anything without knowing as much about it as possible beforehand, which is why it is crucial to know exactly what Synapse is offering and how users can benefit from investing in it.
Understanding Synapse
Simply put, Synapse Network can be thought of as a cross-chain launchpad that is highly sought after in the crypto and DeFi industry. For starters, the Technology Labs services include highly sophisticated anti-bot solutions, staking and vesting technology, Web 3.0 apps, and assistance with smart contracts, NFTs and various digital currencies. Synapse is therefore a big technological hub that serves the demands of investors, initiatives, and businesses on a wide scale.
Synapse Network acknowledges the need of having a completely decentralized financial system free from the interferences by any middlemen. In terms of future ambitions, Synapse will focus on bringing the next stages of the financial revolution to consumers and businesses, as well as giving additional alternatives for launchpad users including but not limited to yield farming. Customers will be able to earn extra slots by taking part in various social media activities, and Synapse Network will soon launch a new website too.
The team is also highly trained and their experience encompasses many fields such as blockchain, asset management and crypto. Synapse Network’s main motto is thus “Join the financial revolution, #BeTheDeFiance.”
What is this new solution?
Synapse takes a step forward in terms of community solutions with the new ‘Flexible Gamified Staking‘ concept. The key premise was to listen to community feedback on how the staking process should appear. The process will include long-term, multi-level advantages for stakers with increasing staking length and inflation protection, as well as appropriate rewards depending on staking time. The solution will also make an effort to reward those who have long been involved with the current system.
Another very important aspect to consider is that there will also be several pathways. The ‘High APR’ path increases APR at the expense of allocation size; the ‘High Allocations’ path increases allocation at the expense of APR; the ‘Balanced path’ increases both APR and allocation size; and the ‘Only Allocations’ path increases only allocation size.
Each path will have a number of levels that stakers can achieve each staking month, with staker advantages rising with each level. Basically, the longer a person stays with Synapse Network, the greater and more intriguing the benefits become, letting people choose the best course depending on their specific needs and interests. In this way, Synapse Network will be able to attract more investors who will in turn receive additional benefits, which is always a welcome sight.
