#### What is Sypool? Sypool (SYP) is a decentralized asset management [protocol](https://www.coinbase.com/learn/crypto-basics/what-is-a-protocol) built on the [Solana](https://www.coinbase.com/learn/crypto-basics/what-is-solana) [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain). It provides a platform where investors can exchange their [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token) for fund shares, similar to traditional funds. However, Sypool takes it a step further by allowing fund shares to function as tokens, enabling them to perform all the functions other tokens can. Sypool aims to offer innovative products, including Index-tracking Synthetic Asset Pool (SAP), Trader-based SAP, Structured [Yield](https://blog.coinbase.com/around-the-block-7-understanding-yield-farming-and-the-latest-developments-in-defi-ef9f1ac910fb) Fund, and Assets-based quantitative trading SAP. The protocol also features a unique farming mechanism and stringent auditing processes to protect investors. #### How does Sypool work? Sypool operates by allowing investors to exchange their tokens (such as [BTC](https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin), [ETH](https://www.coinbase.com/learn/crypto-basics/what-is-ethereum), SOL) for fund shares. These fund shares are also tokens, meaning they can perform all the functions other tokens can. The protocol is based on Synthetic Asset Pool (SAP) pools, which are launched by pool managers and filled by users. The protocol involves four parties: the user, the manager, the exchange, and the oracle. The managers are authorized by the pool's share token (SAP) holders to manage the tokens in the pool according to preset strategies. The oracle is responsible for feeding price to the [smart contract](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract), providing the total market value of the token pool and the value of each currency. #### What are the potential use cases for Sypool? Sypool aims to provide a comprehensive decentralized asset management platform that offers users AI trading strategies, signal alerts, learning resources, and an intuitive dashboard. This empowers users to optimize their digital asset management and make informed decisions in the dynamic [crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) market. Sypool's vision extends beyond being an asset management protocol. It seeks to build a comprehensive [DeFi](https://www.coinbase.com/learn/crypto-basics/what-is-defi) protocol with eco projects developed around Sypool, making SYP not just the token of Sypool, but the token of its ecosystem. #### What is the history of Sypool? Sypool was developed by a team of professionals with experience in hedge funds and quantitative trading. The technical members of the team have designed several projects providing social network and startup tools aggregator, and have worked on a neuromorphic chip program with the Chinese Academy of Science. The protocol was designed to provide innovative products and a unique farming mechanism. It also places a strong emphasis on investor protection, with each pool being strictly audited to prevent misconduct by managers.