Syndex Protocol, built on the Arbitrum Layer 2 scaling solution for Ethereum, is Aleh Tech’s flagship decentralized liquidity platform. It allows users to stake Syndex Network Tokens (SFCX) and collateralize synthetic assets (Synths). Syndex eliminates the need for counterparties in DeFi transactions, ensuring liquidity and low slippage.
Liquidity has long been a pain point in decentralized finance (DeFi). Traditional DeFi platforms often rely on fragmented liquidity pools, leading to issues like high slippage, limited trading pairs, and low efficiency in asset trading. Traders and liquidity providers face unpredictability and volatility, making it difficult to execute trades at optimal prices. On top of that, managing counterparties introduces delays, risks, and inefficiencies that don’t align with the speed and trustlessness that DeFi promises. This lack of reliable, deep liquidity hampers the growth of decentralized exchanges (DEXs) and other DeFi platforms. What traders and platforms need is a system that provides continuous, deep liquidity without the need for counterparty involvement, ensuring that trades can be executed quickly, with minimal slippage, while staying decentralized.
To solve this, we developed Syndex Protocol, a cutting-edge decentralized liquidity protocol built on Arbitrum Layer 2, utilizing Ethereum’s security while significantly reducing transaction costs. The protocol introduces synthetic asset collateralization powered by a unique staking mechanism for SFCX tokens, allowing users to back synthetic assets (Synths) with real value while maintaining seamless liquidity.
Smart Contracts (Solidity): Developed highly efficient, gas-optimized smart contracts for staking and collateralization, ensuring security and reducing transaction overhead.
Oracle Integration: Integrated decentralized oracle networks like Chainlink and Pyth to provide real-time price feeds for synthetic assets, ensuring that trades are always based on up-to-date, accurate data.
Staking and Liquidity Mechanism: Built an intuitive staking interface using React.js and Web3.js, allowing users to stake SFCX tokens to collateralize synthetic assets like cfUSD and cfGold. This provides deep liquidity, even for niche assets, and supports spot trading at real-time prices.
Backend Architecture: Leveraged Node.js and Express.js to build a robust backend for handling staking data, real-time price updates, and user interactions. MongoDB was used for managing transactional data and tracking staking rewards, ensuring a smooth and responsive user experience.
Layer 2 Integration: By using Arbitrum, we reduced transaction fees, enabling fast, cost-effective transactions while benefiting from Ethereum’s security model.
This system eliminates the need for counterparties, making liquidity continuous, scalable, and reliable. With Syndex, DeFi platforms no longer have to struggle with fragmented liquidity pools, and traders can confidently execute trades without worrying about slippage or liquidity shortfalls.
Solidity
Node.js
Express.js
Web3.js
React.js
Ethereum (Arbitrum Layer 2)
Chainlink
Pyth
Syndex Protocol addresses the core liquidity challenges of decentralized exchanges. By offering a robust staking system, smart contract-backed liquidity pools, and synthetic asset trading, it sets a new standard for DeFi liquidity solutions. Aleh Tech continues to innovate through its Syndex ecosystem, with future expansions planned for synthetic derivatives and other DeFi use cases.
" If you're interested in exploring the possibility of open-sourcing Syndex, please feel free to reach out to us for a discussion. "
Why Chose Us?
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Endorsed by key organizations, showcasing our leadership in Blockchain and AI technologies.
A talented team where 90% rank in the top 15% of their field.
Over 31 successful projects across 28 clients all across the globe.
From startups to government sectors, we transform businesses.
High-quality solutions at competitive prices.
