Synapse: Tiered Staking made great for your community.

Synapse Network
3 min readJul 15, 2022

--

Staking is a core service of many projects in Defi, and it’s a great tool to give passive benefits to your community. Well executed Staking solutions are rare and often synonymous with project success, due to the great benefits brought by the feature to the project Itself.

To talk about Staking solutions, and good Staking solutions in particular, we first need to take a couple of steps back and look at what a solid, tailor-made staking plan brings to the table, both for the userbase and the project behind it.

Staking has massive benefits for long-term user retention, is a great data gathering tool, and can be improved in many ways depending on your project needs and your community’s wants.

It can be used to open a direct line of communication with your userbase, while also working as a solution aimed towards prize distribution, and especially tiered staking is perfect to create a fidelized base of core community members able to express the wider user base opinions in a more effective manner.

The Synapse Network team has always placed a lot of importance on a solid staking plan, and since the start of our project, we have provided many different options to our userbase, receiving a lot of feedback in return.

This feedback has been crucial in developing the next stage of our Staking, and we are still using it to change and adapt our integrations to make them increasingly better.

The first evolution of our Staking feature came with the introduction of our Refined Tier System, and the creation of the Staking Solutions built in our tech labs.

This led to many new possible avenues of growth for the Synapse Network and the Synapse Tech Labs have been able to introduce the concept of custom-tailored tiered staking to many of our partners, garnering amazing results in a much wider context.

While tiered staking is a big improvement over the more standard integrations more commonly seen, it would have been easy to just copy-paste the entire structure, and sell it as the perfect all-in-one solution, but our objective isn’t to create many copies of Synapse, our objective is to give others the tools to develop their own successes.

That’s why the staking solutions offered by the Synapse Tech Labs are perfectly tailored to each of the projects willing to take their features to the level of quality, built-in conjunction with the project themselves, aided by our Advisory and Logistical support teams and carefully planned for long term success.

We want to make a difference, and to do so we are aware that we have to meet and surpass the expectations placed upon Synapse, and the only way we can do it is by constantly improving ourselves and the DeFi ecosystem with us, starting from Synapse, from our partners and from our clients.

About Synapse Network

Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.

Website
Twitter
Telegram Announcement Channel
Telegram Global Group
Github
Youtube
Linkedin

--

--