At the recently concluded ETHShanghai 2025 hackathon, beyond the traditional technical competition tracks, the Position Consensus Mechanism brought by Synbo Protocol sparked extensive discussion. This innovation aims to address the most critical financing problems developers face from concept to implementation.
According to statistics, 486 teams registered for this event, with 196 teams reaching the finals. While exploring innovations in tracks like DeFi, Layer2, RWA, DID, and AI, these teams also had to confront a realistic challenge: high-quality projects struggling to sustain due to financing difficulties.
Synbo Protocol's core innovation lies in its on-chain triple-pool collaboration system. The Liquidity Pool ensures secure asset custody, the Project Pool facilitates compliant presentation, and the Consensus Pool achieves democratized capital distribution through community voting mechanisms. These three smart contract pools together form a complete decentralized investment and financing infrastructure.
The workflow of its CCO model is noteworthy: after a project party initiates a financing proposal on-chain, community members express support intentions by staking tokens. When the consensus degree reaches a preset threshold, the smart contract automatically releases funds and allocates corresponding rights. The entire process requires no intermediary participation, and all records are verifiable on-chain.
During the 72-hour hackathon, the Synbo team live-demonstrated the protocol's specific application scenarios, including how to screen high-quality projects through consensus signals, set dynamic allocation parameters, and implement long-term incentive mechanisms, among other practical functions.
This new paradigm of "fundraising as consensus" may have a profound impact on the Web3 startup ecosystem. As more developers adopt this model, capital allocation efficiency is expected to significantly improve, truly realizing the ideal state where "good projects don't lack funds, and early supporters share in growth."
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