Synth sETH (sETH) is a capped-supply ERC-20 token on Ethereum, designed as a clean, composable synthetic exposure to the value of ETH.
The project focuses on simplicity, transparency and safe integration with DeFi infrastructure, rather than complex token engineering.
- Name: Synth sETH
- Symbol: sETH
- Standard: ERC-20
- Maximum Supply: 30,000,000 sETH
- Blockchain: Ethereum
- Use Case: Synthetic ETH-style asset for DeFi, analytics, liquidity pools, and community-driven experimentation.
sETH is a non-inflationary ERC-20 token. There is no protocol-level rebasing, tax, reflection or automatic yield logic.
Price discovery is driven by market participants through DEX liquidity (e.g. WETH/sETH on Uniswap) and can be combined with oracle-based reference data in external tools and dashboards.
Note: sETH does not represent a direct claim on underlying ETH and is not collateral-backed. It is a synthetic, market-driven proxy asset.
- Network: Ethereum mainnet
- Token: Synth sETH (sETH)
- Contract Address:
TBD(to be added after mainnet deployment) - Standard: ERC-20, non-inflationary
Key properties:
- Capped maximum supply (30,000,000 sETH)
- No protocol-level inflation or rebasing
- No built-in transfer taxes or reflections
- Minimal, transparent owner controls (for treasury, security and ecosystem operations)
- Designed to be compatible with common DeFi tools, aggregators and wallets
- BatchAirdrop — helper contract used to perform on-chain, multi-recipient airdrops in batches.
This supports transparent, fair distribution across a large set of wallets while keeping gas usage manageable.
Total maximum supply: 30,000,000 sETH
High-level allocation:
-
Community Airdrop – 5,000,000 sETH
Distributed to early supporters, active community members and wallets that interacted with the project at an early stage.
Airdrops are executed via on-chain multi-wallet distributions for full transparency. -
Treasury & Ecosystem – 20,000,000 sETH
Reserved for long-term ecosystem growth, liquidity programs, future integrations, cross-chain deployments and DAO-style initiatives.
Treasury funds are intended to be held in dedicated addresses with time-based vesting/lockups and public tracking. -
Liquidity, Operations & Contributors – 5,000,000 sETH
Used to provide initial and ongoing liquidity (e.g. WETH/sETH), operational support and core contributor incentives.
There are no automatic taxes or hidden transfer fees built into the token contract.
All allocations and movements can be independently verified on-chain via Etherscan and other explorers.
Rather than relying on a heavy-weight DAO model from day one, Synth sETH follows a progressive decentralization and improvement process:
- Early-stage development and security-critical decisions are handled by core contributors.
- Community feedback and direction are captured through public discussion channels and off-chain voting (e.g. Snapshot or similar mechanisms).
- Over time, specific decision domains (treasury programs, integrations, liquidity strategies) are intended to migrate toward more formal, community-driven governance, with on-chain transparency for all major actions.
This approach aims to balance security, execution speed and community involvement, while avoiding governance attack vectors common to small-cap tokens.
- The contracts use well-established patterns and standard OpenZeppelin components where applicable.
- There are no reflection, rebasing or complex tax mechanics.
- Upgradability proxies are not used in the core token contract to reduce attack surface and complexity.
When formal third-party audits are completed, reports will be linked here.
This repository contains:
- Core Solidity contracts (
/contracts) - Example scripts for distribution and deployment (
/scripts) - Documentation (
/docs)
- Node.js (recommended LTS)
- npm or yarn
- Solidity toolchain (e.g. Hardhat or Foundry)
git clone https://github.com/synthsethdev/synthseth.git
cd synthseth
# Install dependencies (if using Hardhat)
npm install
# Compile contracts
npx hardhat compile
# Run tests
npx hardhat test