
Synatra enables traders to use synthetic staking for yield generation with SOL and USDC
What is Synatra?
Synatra protocol offers users to earn passive yield on Solana through synthetic staking. Such staking mimics the user experience of liquid staking using active strategies to earn yield at the same time. Synatra has ySOL and yUSD pools, allowing traders to stake SOL and get rewards via cash & carry arbitrage, hedged carry trade, depeg arbitrage, airdrop farming, and NFT collateralized lending.
Synatra pools are managed by the custom in-house bots for the yield optimization. The yield is compounded until the user decide to withdraw, and withdraw times are about 24 hours.