Spyool Price Chart (SYP)

Sypool (Symbol: SYP) is the governance token of Sypool, an asset management protocol on Solana, where investors exchange our fund shares with their tokens (i.e. BTC, ETH, SOL…). The native token - SYP can be used to farm, trade, vote, mint SAP, and pay salaries and rewards to the community. Current total value of one SAP pool in USDT can be got at any time through feeding price by the oracle (such as Chainlink). The amount of (USDT, BTC, ETH, SOL or governance token SYP) needed to mint a new SAP at current time can be got by dividing the total value by the current number of SAP tokens. In addition, a 2% fee is used to repurchase and burn the governance token SYP every week. They will also reward governance token SYP to users who mint SAP in the early stage to repay their early support. SYP will be used mainly in 5 ways: voting, farming, minting SAP, trading, salaries for the board and community representatives.