Ecosystem: The decentralized monopoly reshaping public finance.

The traditional banking system is based on a scam. It's time to fix it.

Banks offer interest rates where 1% is seen as a high yield account, while the loans they offer cost 10x this. This is common knowledge, but the reality is much worse than what you can imagine. When banks dish out loans, they aren't simply giving out pre-existing funds that they possess - they print more money, completely out of thin air. What then happens to the people with the 1% yield savings accounts? Inflation outpaces their interest. At its worst, this system leads to catastrophes that taxpayers have to pay for, like the events of the 2007-2008 financial crisis. At their best, they are stealing money from your savings, forcing you to compete in the financial markets, which is their end goal. This forces you to bet on the financial markets to outpace inflation, more money in the financial markets mean a bigger industry for them to capture. Now imagine the biggest bank you know: While they offer you a 0.1% savings account, they also offer a tons of products. They offer investment services, act as brokerages, offer bonds and the aforementioned savings accounts. They might even own your local hospital. They have a monopolized ecosystem similar to that of apple, where each product compounds to bring attention to the others, they own everything. Do you not think they corroborate with the hospitals they own? Banks aren't just a fiat custodial. They are steadily and completely evil. They are a scam abusing you to fund their operation, giving you the crumbs of their profits (promising to be on your team). whilst earning trillions (since finance is one of the biggest industries in the world). Yet, they charge a single mother overdraft fees... For customers Syncus offers lending & borrowing, bonding services, banking services, fiat (stable-coin) services, interest rate accounts, mutual funds, brokerages and exchanges.

Syncus changes this. As described in "Seperation of inter-connected products" a business needs to be a monopoly, Syncus will continue this, but the monopoly will be in the hands of the people this time.

Syncus will be a decentralized on-chain equivalent of what we've been describing. Firstly it’s a community-owned bank. In Syncus everyone who holds the $SYNC tokens own a part of the bank (the treasury). Syncus acting like a centralized entity that owns the entire zkSync DeFi ecosystem. For customers, Syncus offers lending & borrowing, bonding services, banking services, fiat (stable-coin) services, interest rate accounts, mutual funds, brokerages and exchanges. It will become indifferent to the customer that zkSync is the chain we're building on, as we will offer simple services using any onboarding method. Your grandma should be able to use Syncus, given its seamlessness, without even knowing what a blockchain is. Her only need will be that her grandparents tell her she's finally safe from the evil bankers.