Synternet (SYNT) Staking

About Synternet (SYNT)

Synternet is a blockchain platform that provides modular, interoperable data infrastructure across major blockchain networks. At its core is the Data Layer, a protocol that facilitates real-time data flow between blockchains, enabling developers to build next-generation decentralized applications (dApps) with enhanced data accessibility and interoperability.

What Makes Synternet Special?

Synternet introduces several innovative features that set it apart in the blockchain landscape:

• Data Layer Protocol: The Data Layer enables universal, real-time data flow between any blockchains, allowing developers to create dApps that can interact seamlessly across different networks.
• Publish-Subscribe Framework: Utilizing a publish-subscribe model, Synternet allows data providers to stream real-time data to subscribers, reducing computational burdens and mitigating centralization risks associated with traditional request-reply architectures.
• Autonomous Economic Agents (AEAs): Synternet's AEAs empower developers to build composable, use-case-specific applications capable of executing data from any blockchain, enhancing flexibility and functionality in dApp development.
• Interoperability: By supporting modular data infrastructures across all major chains, Synternet facilitates seamless cross-chain interactions, promoting a more connected and efficient blockchain ecosystem.
• Decentralized Data Economy: Synternet aims to render centralized data services obsolete by providing permissionless, interoperable data solutions, laying the foundation for the future of the internet.

Synternet Staking FAQ

How much can I make staking SYNT?

The return from staking SYNT varies based on the network's overall staking participation, real yield, and specific governor commission.

How do I receive my SYNT rewards?

SYNT rewards need to be claimed. Visit the Synternet Staking dashboard to claim your staking rewards

When can I start earning rewards with SYNT?

You can start earning staking rewards once your tokens are successfully delegated to a governor

Can I sell SYNT while it is locked up?

Staked SYNT tokens cannot be sold, they need to be unstaked first. The unstaking period for SYNT is 14 days.

What are the risks around staking SYNT?

Staking SYNT comes with risks like slashing (penalty for the governor), price volatility, and liquidity risk (inability to sell during the lock-up period).

What consensus algorithm does Synternet use?

Synternet is based on the Cosmos SDK and CometBFT proof-of-stake consensus protocol.

What are the tokenomics of SYNT?

Read all about SYNT tokenomics here