The CYNK Protocol

Web3 infrastructure for regenerative finance and tokenized assets

Carbon Credit on Ramp

CYNK offers infrastructure support to on-ramp/wrap existing and verifiable carbon credit for market transparency and trust.

Decentralized Exchange

The CYNK Protocol is a peer-to-peer system designed for exchanging tokenized environmental assets (ERC-20 Tokens) on blockchain. The protocol is implemented as a set of persistent smart contracts; designed to prioritize censorship resistance, security, self-custody, and to function without any trusted intermediaries who may selectively restrict access.

AMM

The CYNK Protocol differs from traditional carbon markets in two ways: its use of Automated Market Maker (AMM) instead of central limit order book and its permissionless and immutable design. In comparison to the typical market where buyers and sellers create orders based on price level in a central limit order book, CYNK uses AMM, where the exchange is carried out between a buyer or seller and a liquidity pool of two assets, which are valued relative to each other.

Permissionless

CYNK's permissionless design allows for open and unrestricted access to its services without the need for pre-qualification based on factors such as geography, wealth, or age, unlike traditional carbon market services offered exclusively to enterprises.

Additionally, the protocol is immutable, meaning that its behavior cannot be altered, and all participants are aware of the right of CYNK Governance to divert a portion of transaction fees to a specified address, which is constrained between 10% and 25%.

In a tokenized carbon credit exchange, these differences from traditional markets would remain relevant, as the exchange would still be carried out through AMM and would have a permissionless and immutable design, providing unrestricted access to the exchange of tokenized carbon credits.