{"signature": "0x30769508f0c544d1649f6f8365272c0d6e26184c01d995b7fb1bca645c9459277f975b393848c8919fcfa5e366be3d27b75b1a5e4a70f46b2c19c679a80feec41c", "application": {"round": "0xa58818eaa39b77ac2b69950551d4f9335c63329f", "answers": [{"type": "short-answer", "answer": "@eugenesfi", "hidden": true, "question": "Telegram Handle for Contact", "questionId": 0}, {"type": "short-answer", "hidden": false, "question": "Public group chat link", "questionId": 1}, {"type": "paragraph", "answer": "1.2k MAU (in GA, not public) , 130 unique holders - https://seitrace.com/token/0x059A6b0bA116c63191182a0956cF697d0d2213eC?chain=pacific-1 ", "hidden": true, "question": "What have your project's key user metrics been since launch (DAU, WAU, MAU)? Please provide verifiable data showing growth trends.", "questionId": 2}, {"type": "paragraph", "answer": "https://seitrace.com/token/0x059A6b0bA116c63191182a0956cF697d0d2213eC?chain=pacific-1 - 86k transactions \nsyUSD mint and burn volumes https://seitrace.com/token/0x059A6b0bA116c63191182a0956cF697d0d2213eC?chain=pacific-1", "hidden": true, "question": "Share your project's total transaction volume and unique wallet interactions since the launch of Sei V2.", "questionId": 3}, {"type": "paragraph", "answer": "Synnax is a new and growing stablecoin protocol, and our focus has been on building a strong foundation before scaling aggressively. Since launch, we’ve acquired:\n\t•\t1,000–2,000 monthly active users, including both on-chain and off-chain participants.\n\t•\t150+ unique on-chain users interacting with the protocol.\n\nUser Acquisition Methods:\n\t•\tInnovative Features:\n\t•\tDeveloped an AI abstraction layer that simplifies user onboarding, allowing seamless swaps, portfolio analysis, and deposits within the ecosystem.\n\t•\tLaunched Looping & Leverage Features, enabling users to multiply their rewards through recursive borrowing strategies.\n\t•\tStrategic Partnerships & Hackathons:\n\t•\tParticipated in ecosystem hackathons to gain exposure and acquire engaged early adopters.\n\t•\tIntegrated with DEXs & DeFi protocols to expand liquidity and usage.\n\t•\tMarketing & Growth Plans:\n\t•\tEngaging in community partnerships to drive adoption.\n\t•\tRunning social media promotions & endorsements to attract more organic users.", "hidden": true, "question": "How many new users have your project brought to the Sei ecosystem? Describe your user acquisition methods and provide metrics.", "questionId": 4}, {"type": "paragraph", "answer": "\tDEX Integrations:\n\t•\tJellyverse & DragonSwap – Users can trade, provide liquidity, and leverage/loop their assets directly through our integrations.\n\t•\tCarbon DeFi (by Bancor) – Running arbitrage bots to improve liquidity efficiency.\n\t•\tMoney Market & Lending:\n\t•\tPartnering with YEI Protocol to enable Synnax stablecoin lending and enhance cross-protocol functionality.\n\nMeasurable Impact:\n\t•\t$200K+ TVL acquired through DEX partnerships, increasing trading volume and liquidity on Sei.\n\t•\tEnabling arbitrage efficiency & lending capabilities, creating deeper financial infrastructure for the ecosystem.\n\nUpcoming integrations will further expand stablecoin use cases in consumer-facing applications across Sei.", "hidden": true, "question": "Detail any integrations or partnerships with other Sei ecosystem projects and their measurable impact.", "questionId": 5}, {"type": "paragraph", "answer": "\t1.\tMarket Maker-Powered Yield\n\t•\tUnlike other stablecoins, Synnax generates yield through basis trade arbitrage rather than funding rate-dependent returns (e.g., Ethena).\n\t•\tThis provides consistent returns, unaffected by market uptrends or downturns.\n\t2.\tNative Asset Collateralization\n\t•\tUsers retain full ownership of their native Sei assets while minting stablecoins, allowing seamless redemption at any time.\n\t3.\tFirst-Mover Advantage on Sei\n\t•\tSynnax is the first stablecoin on Sei utilizing basis trade yield, providing a more resilient alternative to delta-neutral models.\n", "hidden": true, "question": "What differentiates your project from similar solutions in the ecosystem? How does it enhance the user experience on Sei?", "questionId": 6}, {"type": "paragraph", "answer": "Top 3 Impactful Initiatives:\n\t1.\tAI Abstraction Layer for Sei\n\t•\tBuilt an AI-driven portfolio & yield analysis tool, helping users discover, swap, and optimize their assets on Sei.\n\t•\tDeveloped during the Cookie Dai Hackathon, now being integrated into Synnax for wider adoption.\n\t2.\tFirst Interest-Free Looping Protocol\n\t•\tAllows users to leverage yield-bearing assets by recursively borrowing syUSD without additional interest costs.\n\t•\tUnlike competitors (e.g., YEI Protocol), we provide free looping, making yield optimization more efficient and accessible.\n\t3.\tPioneering Basis Trade Yield for Sei\n\t•\tIntroducing Sei’s first stablecoin powered by basis trade, unlocking a consistent yield stream \n4) Expanding collateral options to include LP tokens, enabling liquidity providers to mint syUSD while still earning LP fees.", "hidden": true, "question": "Highlight 1-3 key initiatives your team believes have had the most significant impact on the Sei ecosystem and that you’d like voters to consider. Include relevant metrics, links, or supporting data to provide an informed view of how your efforts have contributed to the ecosystem’s growth. ", "questionId": 7}, {"type": "checkbox", "answer": ["Yes"], "hidden": true, "question": "Please confirm that you have read and agree to comply with the ethical standards outlined in the eligibility criteria.", "questionId": 8}, {"type": "paragraph", "hidden": true, "question": "Is there anything else you'd like to share about your project that may help determine eligibility?", "questionId": 9}], "project": {"id": "0x8d8fa3ae428e9017b5566fc701230c338175166cfd8b9e9b2080f16fddec90a4", "title": "Synnax", "logoImg": "bafkreidhw4umurxcmov2vglskstc2bolcta5atemh72w3ddna45rv4x3wa", "metaPtr": {"pointer": "bafkreigs2lin6ue4wi2wh36iyr4gewrpjq5vm3einuyta57gu2fchnhuvq", "protocol": "undefined"}, "website": "https://synnax.fi", "createdAt": 1739847266481, "userGithub": "EugeneFinch", "credentials": {"github": {"type": ["VerifiableCredential"], "proof": {"jws": "eyJhbGciOiJFZERTQSIsImNyaXQiOlsiYjY0Il0sImI2NCI6ZmFsc2V9..FBmj3O6rEX5luQGD5YXS7flZIuJWiRtItevuPh_C97KgBgqxBL9DcJvqZWQq2o3ApsaBpUQGN6gNIIheZ73zDQ", "type": "Ed25519Signature2018", "created": "2025-02-18T02:54:10.191Z", "proofPurpose": "assertionMethod", "verificationMethod": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC#z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC"}, "issuer": "did:key:z6MkghvGHLobLEdj1bgRLhS4LPGJAvbMA1tn2zcRyqmYU5LC", "@context": ["https://www.w3.org/2018/credentials/v1"], "issuanceDate": "2025-02-18T02:54:10.191Z", "expirationDate": "2025-05-19T02:54:10.191Z", "credentialSubject": {"id": "did:pkh:eip155:1:0xA9A088600Fb0D0dD392445cc6328f07D352f59b0", "hash": "v0.0.0:PQHlcT7CBpgp96bsoYpuEKB1Kd0RBblyBxaJzZJrvIg=", "@context": [{"hash": "https://schema.org/Text", "provider": "https://schema.org/Text"}], "provider": "ClearTextGithubOrg#Synnax-Protocol#20620971"}}}, "description": "Over-collateralized stablecoin protocol powered by market-maker yield, delivering scalable stability and robust returns for DeFi users.", "lastUpdated": 0, "projectGithub": "Synnax-Protocol", "projectTwitter": "synnax_labs"}, "recipient": "0x59909E395b8428fC285915109236cab207E543Fa"}}