The Syndicate Hub

Version 1.0

The expected launch of Project Syndicate V1 in Q2 2023 will build the bribe market on top of the Harbor/cSwap protocol, with voting gauges for locked Ve-Harbor and bribing cSwap pools for emissions. Features include:

• Syndicate Marketplace 1.0: Based on Redacted Cartels’ Hidden Hand, it maximizes users’ non-monetary voting power by facilitating bribery between protocol and user.
• Shadow: A Syndicate subsidiary that allows users to directly select the rewards they want from each offered bribe.

Syndicate Marketplace

The Syndicate Marketplace offers a smooth platform for maximizing returns during voting periods, enabling users and protocols to use it on a permissionless basis. They can collect bribes of their choice and post any bribe on any asset, with Syndicate voting for the highest bid.

Fee Structure

Syndicate operates with the following fee structure:

• Service fees: Syndicate charges a 0.5% fee from bribes collected, which will be removed once the 100k bribe mark is reached.
• Protocol fees: A 5% fee is taken from the bribe at the protocol end.

Ethical Concerns

While the Syndicate Hub offers the potential to revolutionize DeFi governance by incentivizing voter participation, it raises ethical concerns regarding the impact of bribes on governance processes. Users and protocols should carefully consider the implications of using the Syndicate Marketplace, balancing potential benefits against potential risks.

Future Development

As the Syndicate Hub continues to evolve and grow, it has the potential to significantly impact the DeFi space, providing a comprehensive infrastructure for governance and incentivizing voter participation. With ongoing development and collaboration with other projects, the Syndicate Hub aims to reshape the landscape of decentralized finance.