SpaceShipX Finance: An Innovative Synthetic Protocol You Have Never Seen Before — Interview with Chill, Advisor of SSX

Chris: Hi! Can you tell us more about yourself and the role you're playing in that blooming project?

Chill: My name is Chill and I am an advisor to SpaceShipX. I have a background in marketing and communications.

I admire the community aspect of crypto. Keeping them informed and providing value through products, services, and most importantly education.

I bring my years of expertise to help SSX reach its true potential. 

Chris: Hey there! Your website took me to cosmos! Tell us about SpaceShipx in simple-to-understand terms please. What do you guys do? 

Chill: In simple terms, we are a synthetic protocol powered by a Real Yield Ecosystem.

Our core products are synthetics. We plan to introduce a variety of popular assets, and in time non-crypto native assets as well. 

Behind our synths, we have many other products we will introduce to build out our a Real Yield ecosystem. Our first product is called Space Rebase, the first Elastic Rebase Tomb Fork on Polygon! 

We have other products coming that would further supplement the yield on our platform. Real Yield powers our protocol!

Chris: Amazing! The total value of tokens locked has been steadily rising. What do you attribute the success of the token to? 

Chill: I attribute it to our focus on security, community, and value. 

For security, we had audits completed well before bringing the product to market. We continue to make security our top priority for the safety of our users. 

For community, we mentioned in our docs our project will be community driven so a focus on community is essential. No project can be successful without the backing of a strong user and supporter base. This is why we are transparent, as it helps us to build trust, and focus on organic community growth through engagement and education.

This is why value is our top priority. This approach helps lay the foundation for sustainable growth. Innovating and sticking to our roadmap will help us bring value to our community, the Polygon ecosystem, and crypto at large. 

We know our product is unique. It’s a never-before-seen synthetic protocol. We want to build it right the first time by relying on sustainable methods for yield and growth. 

Educating the community on what we are after and bringing them along for the ride in a way that benefits them and the larger ecosystem. 

Chris: I will be asking to explain some terms now. What is a Synthetic? 

Chill: Synths provide exposure to assets that are normally inaccessible to the average crypto investor — gold, silver, stocks, etc.

Synths are different from tokenized commodities, such as Paxos PAX Gold (PAXG), which is backed by physical gold. 

Owning PAXG means you own the gold Paxos holds for you, whereas owning Synths means you do not own the underlying asset — you merely have exposure to the price of gold.

There’s hundreds of millions of dollars worth of demand for products like this. Back in the bull market market demand was in the billions. We look to use our nuanced approach to steal a piece of this market and demand for synthetic assets.  

Chris: What are the Future Products and how users get access to them?

Chill: In Q4, we have 2 products launching to mark the beginning of our real yield ecosystem along with more synthetic assets coming. 

We just had a successful launch (over 400% oversubscribed!!) of the first product our Space Rebase protocol. This is an Elastic Rebase Tomb Fork, the first of its kind on Polygon! This is a revolutionary combination of Ampleforth’s Rebase Mechanism mixed with Tomb Finance’s original design.

Our Rebase token will help us access more Real Yield opportunities.

Our Investment Vault is another critical project launching in Q4. This vault will be used to invest in a basket of Real Yield protocols, Yield Aggregators, and Lending protocols to boost yield on our platform. 

This products opens the doors to boosting yields on our platform through sustainable methods, while not over incentivizing users.  

Chris: Okay.Tell us about your main platform features and is there something that is so innovative that people should hold their breath hearing this? 

Chill: Our main platform feature are our synthetic assets. As we expand the pool of assets, XSHARE will be burned to mint these assets. 

As we come out with more assets each quarter, the demand will go up for the toke and supply will go down.

Our recent Elastic Rebase Tomb Fork is revolutionary in that it combines the best of Elastic supply tokens with the best of the Tomb Fork design to create a more sustainable protocol. And the rebase token will be used to access and unlock a variety of Real Yield opportunities that will boost protocol revenue. 

This is something to hold your breath for! Truly an innovation within the synthetic platform space that will be a sight to see when it’s paired with the investment vault to come. 

Chris: Alright, awesome! Tell us your story. How was the project and the team formed? 

Chill: So our project founder, Thomas, put together the idea of a synthetics protocol. We took some inspiration from FRAX in this way. He developed our the platform MONTHS before even starting to market to make sure we had a valuable product to bring to market. 

I was invited to be an advisor to steer the ship on marketing, community building, social media presence, and to share my views on the long term vision of a protocol like this. 

So far we built everything from literally zero. No funding, no presale, and no VCs. We put value in front of everything we do. Based on the innovation within what we provide, we have amassed a strong community and a supportive user base.

Built on this community-focused and value-upfront approach, we look to establish a synthetic protocol that provides attractive yield on a variety of synthetic assets, while at the same time focusing on long term sustainability and not over incentivizing users.

Chris: That was super interesting. Anything you want to leave our reader with? Last word? 

Chill: One thing EVERYONE should know about our team is we are committed to building something vastly different in the synthetic space within Crypto and we will do it by bringing value.

We don’t want to get there quickly. Building it right the first time is a must. As the saying goes, slow and steady win the race. We want to build a functioning product. One that satisfies a need within and is valuable to the community. As long as we stick close to that, we will build for as long as it takes. 

When it is all said and done, many will look back at this stage of growth as an opportunity to be apart of disruption. Crypto generally is disrupting major industries in the world. We are doing the same within our sector. 

You be the judge! Join our TG and Discord community chats, get involved in the regular events that take place, and read through our docs. If you like what you read, we will see you soon!