Welcome to SynStation

SynStation is more than just a prediction market—it's a platform designed to reshape how fans engage with entertainment. We believe in a future where fan participation goes beyond passive consumption, giving people the opportunity to actively shape, predict, and interact with the content they love. By blending DeFi with the fast-paced world of entertainment, SynStation creates a space where fans, creators, and traders can profit and engage in new, meaningful ways.

Our vision is to bridge entertainment and crypto, empowering fans to be a part of the entertainment they enjoy. Whether it’s betting on the next big K-pop sensation, predicting the outcome of an anime series, or engaging with e-sports events, SynStation provides a decentralized platform where engagement becomes immersive, interactive, and rewarding. Through our innovative prediction markets, we aim to redefine the future of entertainment, making it more participatory, profitable, and driven by the people who matter most—the fans.

Why SynStation?

The entertainment industry has seen rapid growth, but predicting future value in this space remains difficult. SynStation solves this by providing a platform where the future values of entertainment can be traded. Our platform taps into the growing influence of fanbases and popular culture, allowing fans to bet on the success of K-pop idols, anime, games, and more. With decentralized governance, liquidity rewards, and incentives for content creators, we create a space where fans and traders alike can thrive.

How Does SynStation Work?

SynStation uses a decentralized market mechanism, allowing participants to bid for the right to launch new markets. These markets are structured as binary or multiple choice prediction markets where traders bet on outcomes. Here's how it works:

Overall Workflow:

1. Market Creators participate in a Dutch auction to win the right to launch a new market on SynStation.
2. After winning, they submit a proposal, which is reviewed by the community of veSYN holders.
3. veSYN holders vote on whether to approve the market for launch. Once approved, initial liquidity is set using a combination of the creator's bid and liquidity from stakers.
4. Traders engage in the market by betting on various outcomes. Liquidity providers can incentivize veSYN holders to direct SYN emissions toward specific pools, increasing liquidity.
5. The market runs until the event resolves, and profits are distributed based on the outcome. Traders and LPs earn rewards throughout the market’s lifecycle.

Perspective of Stakers

Stakers in SynStation provide the backbone of market liquidity. They can deposit assets like ETH, USDC, or ASTAR, which are used to mint synUSD. This yield-bearing token is utilized across various markets, helping to maintain deep liquidity and minimizing risk.

Staker Benefits:

• Earn from swap fees, SYN emissions, and bribes.
• SynStation collateralizes staked assets, minting synUSD to fund liquidity pools.
• Assets are protected with low leverage and active risk management.