Super Shadowy Co-Founder

Looking for a DeFi co-founder with an insane work ethic to undergo the startup journey with me. I’m a developer cum Entrepreneur and we’re an incredibly early-stage startup.

What’s the idea?

One Line

Syndr is building the most capital efficient DeFi protocol for issuing synthetic assets on a blockchain.

Details

A synthetic asset is a tokenised derivative engineered to simulate the price of another asset. These provide real-world exposure to the price action of an underlying asset without actually having maintain its custody. Synthetic assets unlock accessibility by lowering the barrier of entry to a host of different assets.

Synthetic asset issuance protocols currently live on Ethereum (e.g. Synthetix, UMA) allow users to unlock some of the economic value of their tokens by minting fungible ERC20 synthetic assets while remaining fully invested.

Why?

• Capital inefficiency due to a high collateralisation ratio.
• Time delayed liquidations
• High Price volatility of collateral i.e. SNX

To me, this is an opportunity, and Syndr is in a position to start laying the groundwork by building the most capital-efficient protocol for issuing/borrowing synthetic assets on a blockchain. To learn how this will work, DM me on Twitter with your profile or you can book a slot for a 1-on-1 with me here.

Timeline

Complete the prototype, deploy it on testnet by September. Apply for YC winter'22 batch - Deadline September 8.

Compensation

No outside money raised yet, so currently cannot pay a salary. Compensation in equity!

Who do I want to meet?

You must be technical & be an awesome builder (I am too), have an insane work ethic & be passionate about DeFi. DeFi is an incredibly competitive industry and this is going to be super fucking hard.

My background

Here are some of the things I’ve built in the past:

• https://airlane.tech
• https://spotbuzz.in

Startups I’ve worked in:

• https://www.blockpunk.net/en
• https://www.blockpunk.net/en/merchpunk

Projects I’ve contributed to:

• Openzeppelin, MarketProtocol, Livepeer, SolEVM, etc

My social profiles:

• Github
• Gitcoin
• AngelList
• Twitter

So if you often find yourself thinking about algorithmically governed financial instruments, let’s talk!

Even if you aren’t the right person, please share this and help us meet!