SYNO is in the process of shutting down. Please withdraw your funds as soon as possible. discord.gg/cQ3WXEaHnE

As of today, weโ€™ve made the difficult decision to wind down SYNO. - Protocol will be in maintenance mode - All deposits can be withdrawn - All borrows can be closed without issue Please withdraw your funds at your earliest convenience.
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It's official! Our testnet is going live on November 13th! We need users to submit feedback, break things and contribute to the future of cross-chain lending (and get rewarded of course). We've allocated a reserve of tokens to reward those who contribute! ๐Ÿค
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๐’๐ฒ๐ง๐จ๐ง๐ฒ๐ฆ ๐Œ๐š๐ข๐ง๐ง๐ž๐ญ ๐‹๐š๐ฎ๐ง๐œ๐ก โœ… The cross-chain money market for DeFi power users arrives: ๐Ÿ/๐Ÿ‘๐ŸŽ/๐Ÿ๐ŸŽ๐Ÿ๐Ÿ’
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We're excited to announce our first Synonym Amplifier Program, exclusively for $PYTH stakers! Amplification begins tomorrow! ๐Ÿค
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See you there, Professional. ๐Ÿซก nitter.app/i/spaces/1ynKOymLRgqJR
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๐—œ๐—ง'๐—ฆ ๐—ง๐—œ๐— ๐—˜, ๐—ฃ๐—ฅ๐—ข๐—™๐—˜๐—ฆ๐—ฆ๐—œ๐—ข๐—ก๐—”๐—Ÿ. Synonym Mainnet is live! Seamless cross-chain lending is here. Start from any chain. No limits. $SYNO incentives are live. ๐—ง๐—œ๐— ๐—˜ ๐—œ๐—ฆ ๐— ๐—ข๐—ก๐—˜๐—ฌ. ๐Ÿค
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Today we're announcing Synonym Finance, a universal cross-chain credit layer for busy DeFi Professionals ๐Ÿค Synonym leverages @wormholecrypto, @arbitrum and @circle technologies to provide the best possible cross-chain lending and borrowing experience to users. Time is money โฑ๏ธ
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$10,000,000 ๐Ÿค
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๐Ÿค๐Ÿ”ฎ
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We're thrilled to announce Synonym's $1.5M seed round! ๐Ÿค The round was led by @borderless_cap with participation from crypto-native funds, DAOs and angels from across the space. This raise further compounds our existing treasury from our merger with @neworderDAO.
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Mainnet ๐Ÿค Tomorrow.
Multichain lending is undergoing a massive shift. Introducing @SynonymFinance, a universal multichain credit layer that is changing the multichain lending game, with their mainnet deploying tomorrow. Powered by @Wormholecrypto & @circle's CCTP ๐ŸŒช
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Synonym: Season One is coming. Testnet rewards distribution. Yield-amplifying NFTs. A new airdrop. Details coming soon ๐Ÿค
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๐Ÿ”‰ Synonym x @WormholeFdn Grant Announcement ๐Ÿ”‰ We're absolutely thrilled to have the support and partnership of the Wormhole Foundation in delivering the future of cross-chain lending. Funding will go towards expanding the universe of chains and assets available on Synonym!
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Were you one of the esteemed DeFi Professionals who took part in Synonym's Testnet? We've distributed $SYNO rewards those who did so and gave feedback (~500 addresses) so check your wallet! ๐˜‰๐˜›๐˜ž ๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜ฆ๐˜น๐˜ต๐˜ณ๐˜ข $๐˜š๐˜ ๐˜•๐˜– ๐˜ค๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ค๐˜ฐ๐˜ฎ๐˜ฆ ๐˜ช๐˜ฏ ๐˜ฉ๐˜ข๐˜ฏ๐˜ฅ๐˜บ ๐˜ด๐˜ฐ๐˜ฐ๐˜ฏ ๐Ÿคซ
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It's official Professionals - our testnet is live! galxe.com/SynonymFinance Users can now test our cross-chain money market, complete quests and provide insightful feedback. Read on for all details on our testnet as well as our official testnet guide ๐Ÿ‘‡ โœ… Available on @Galxe
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In this video, our very own @cheguevara_0x walks through our latest test deployment complete with new CCTP functionality. A snapshot of our testnet so far: ๐Ÿ“Š 10K+ active participants โ›“๏ธ Live on ETH, ARB and OP Goerli ๐ŸŒช๏ธ Enabled by @wormholecrypto ๐Ÿ”ต Supercharged by @circle CCTP
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How do $SYNO Emissions work? ๐Ÿค” This thread will cover: - Earning $SYNO emissions - Fee Distribution - vlSYNO - The why behind the token No "points" involved, just sound tokenomics & logical incentivization. ๐ŸคŒ
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Q: Wen token? A: Tomorrow, simultaneous with mainnet launch. Q: Where token? A: Liquidity will be seeded on @Balancer in 80:20 $SYNO $ETH pool. Q: Yield? A: LPs will earn pool fees based on swap volume, plus boosted yield if you choose to lock your liquidity. Q: Boosted yield? A: Yes, once you deposit liquidity to the pool, you can lock the BPT to obtain vlSYNO, which boosts $SYNO emissions. vlSYNO holders also earn a share of Synonym fees paid in wETH.
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New to cross-chain lending? We got you. ๐Ÿคœ๐Ÿค› Navigate Synonym like a professional with our complete walkthrough video and protocol fundamentals megathread. โฌ‡๏ธ
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Heads up: We need to slightly delay our Mainnet Launch. Why? We encountered some last minute UX and stability improvements we need to take care of. We're not cutting corners here. Wen? We don't expect this delay to be a long one. Detailed estimates coming within 24 hrs ๐Ÿค
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Join us for the official Mainnet Launch Space, featuring the partners that power Synonym! We're going live on 1/18 at 11 AM EST with: @Churro808 of @arbitrum @RobinsonBurkey of @wormholecrypto @KemarTiti of @PythNetwork And, of course, our very own @0xbeachball. RSVP Below. โฌ‡๏ธ
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Synonym's secure and powerful cross-chain lending is the ideal entry point to the Wormhole ecosystem. ๐Ÿ‘€
Question: How do I find apps I can use that are built on the Wormhole platform? Answer: wormhole.com/multichain-apps
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Synonym is coming to Scroll tomorrow! ๐Ÿค๐Ÿ“œ Users will be able to take advantage of Scroll's unique zkEVM L2 with collateral from any supported chain. Join our launch space with @Scroll_ZKP and @wormhole this Wednesday at 11AM ET/3PM UTC! Link below ๐Ÿ‘‡
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Hello Professionals.
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Synonym X @wormholecrypto Spaces ๐ŸŽ™๏ธ This Friday at 1pm EST, catch @0xbeachball and @cheguevara_0x as they bring on @WormholeFdn COO @danreecer_ to talk about the rapidly evolving Wormhole ecosystem & where cross-chain lending fits in. See you there, Professionals.
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Synonym is now live on @Scroll_ZKP! ๐Ÿ“œ Scroll is a powerful zkEVM L2 that seamlessly extends the capabilities of Ethereum for users and developers. Synonym is leveraging the newly added Scroll support from @wormhole to make exploring the Scroll DeFi ecosystem even easier ๐Ÿ‘‡
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Mainnet Launch hype is reaching all-time highs over here at Synonym HQ, so we figured a preview of the finished product was in order. ๐Ÿ‘€ Deposit on any of these chains and borrow on any of these chains. Minimal clicks, no wrapping or bridging, all in one place. ๐Ÿš€
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๐Ÿญ ๐—›๐—ข๐—จ๐—ฅ. $๐Ÿญ๐—  ๐—ง๐—ฉ๐—Ÿ. โœ… What will you do with seamless cross-chain lending, Professional?
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Synonym is now live on @base! Users can deposit and borrow from any chain into the Base ecosystem ๐Ÿ”ต Multiple major assets are supported alongside unified-liquidity stablecoins. Explore the emerging Base ecosystem while maintaining total flexibility with your assets ๐Ÿค
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$PYTH stakers will be eligible for amplified $SYNO rewards for a total of 4 weeks, starting tomorrow (Feb 9) ๐Ÿ—“๏ธ Users who deposit into Synonym will receive a gradually increasing multiplier on their emissions share over time. You must have at least 250 PYTH staked.
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Powered by @PythNetwork ๐Ÿ”ฎ Synonym's vision is to create a cross-chain lending experience that feels as smooth as lending on a single chain, and Pyth oracles are instrumental to that goal. We're thrilled to announce that Synonym is receiving a $PYTH retrospective airdrop!
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Professionals, it's time to enter the Wormhole. โฑ๏ธ=๐Ÿ’ฐ
Seamless multichain lending has arrived to the Wormhole Ecosystem. @synonymfinance launched this past week, marking a major step forward in unifying money market liquidity. Powered by @wormholecrypto๐ŸŒช๏ธ
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We're launching BIPS: A system to fairly distribute $SYNO and various ecosystem token allocations to users. Think of it as a 1 stop shop for earning multichain ecosystem rewards. Allow us to explain (It's quite simple & fully transparent). โฌ‡๏ธ
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$3M ๐Ÿฅ‚ (THE INTERN NEEDS HELP)
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Deep stablecoin liquidity is a critical component of any protocol that DeFi Professionals use on a day-to-day basis. We're building Synonym with a focus on some of the newest tech implemented by stablecoin issuers. Enter the @circle Cross-Chain Transfer Protocol (CCTP) โ›“๏ธ
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The first LRT on Synonym has arrived! Users can now deposit @ether_fi weETH and borrow against their assets on Arbitrum, Optimism and Mainnet! Users will receive EtherFi Rewards and a massive 4x BIPS Multiplier on deposits. Multi-chain LRT lending + $W and $ARB rewards soon ๐Ÿค
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Our testnet program will be open for over a month ๐Ÿ—“๏ธ We'll need our DeFi Professionals to: ๐Ÿงช Experiment and break things ๐Ÿž Report bugs ๐Ÿ’ป Suggest UI improvements ๐ŸŒŸ Complete @Galxe quests These contributions will lead to an even better Synonym Mainnet launch for everyone.
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When Synonym goes live on the 30th, three chains will initially be supported: Arbitrum, Optimism, and Ethereum mainnet. Today, weโ€™re going to look at some of the juiciest yields these chains have to offer. ๐Ÿง‘โ€๐ŸŒพ Letโ€™s get a taste of whatโ€™s to come ๐Ÿงต
๐™’๐™๐™–๐™ฉ ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ซ๐™–๐™ž๐™ก๐™–๐™—๐™ก๐™š ๐™ช๐™ฅ๐™ค๐™ฃ ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™? Chains: @arbitrum, @Optimism, @ethereum Assets: wETH, wBTC, ARB, OP, wstETH, USDC, USDT All seven assets are available to supply and borrow on each of these three chains. โœ…
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Wormhole Wednesday
Wormhole Wednesday
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Launch Spaces Preview ๐Ÿฟ Get to know the speakers who will be joining us on Thursday to discuss their ecosystems, Synonym, the cross-chain future, and all the details you need for when Mainnet Launches on 1/30. ๐Ÿ”ฅ
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Stay tuned Synons, Season One is coming. โฑ๏ธ = ๐Ÿ’ฐ
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Gm Professionals, the final Testnet numbers are in. ๐Ÿงช What We Learned: - Strong demand for cross-chain USDC ๐Ÿฆพ - Healthy interaction levels across all available chains - @arbitrum is still the "home chain" for many DeFi users
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Our first CEX listing will be live tomorrow on @gate_io! Weโ€™ll be hosting multiple AMAs and trading competitions with their team. Stay tuned for more details!
Gate.io #Startup Free Offering: $SYNO @synonymfinance ๐Ÿ—“๏ธ Subscription: 08:30am, Feb 25 - 07:00am, Feb 26 (UTC) ๐Ÿ’ฐAirdrop Value: $70,000 Claim NOW: gate.io/startup/1209 More: gate.io/article/34714 #GateioStartup #Gateio #Airdrop #launchpad
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Thousands of testnet users have provided tons of quality feedback to the Synonym team. One thing is clear: The demand for unified @circle $USDC liquidity built on the @wormholecrypto tech stack is massive. But what strategies does this unlock? Tons.๐Ÿ‘‡
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Mainnet is live, and so is $SYNO. This means token conversion for @neworderDAO $NEWO holders is now available! A quick FAQ on how the conversion works. โฌ‡๏ธ
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Synonym users have already recorded over 86,000 transactions on our testnet ๐Ÿคฏ As we move into Testnet Phase 2, it's time to dig into the activities and numbers a bit more:
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The Synonym team has arrived in the land of opportunity. If you're in town and want to meet up, be sure to reach out ๐Ÿค
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If only there was a way to participate in this ecosystem while seamlessly borrowing and lending across multiple chains. ๐Ÿ‘€ $W
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Broke: Earn points and pray for airdrop Woke: Receive emissions rewards based on protocol usage Bespoke: Participate in a cross chain ecosystem allocation & distribution mechanism ๐˜ฝ๐™„๐™‹๐™Ž ๐Ÿ”œ
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Steady lads, deploying special forces. ๐Ÿซก
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everyday I wake up I read the Synonym Testnet Guide I read the Synonym Testnet Guide I read the Synonym Testnet Guide I read the Synonym Testnet Guide I test the net bedtime
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Launch Week Numbers ๐Ÿ‘€ First 48 Hours Protocol Stats: Total Market Size = $10.4M Available Liquidity = $5.5M Assets Borrowed = $4.6M Largest Asset Market - USDC 4.92M SYNO Stats: Pool Volume = $1M vlSYNO Locked = 260K Average Locking multiplier = 18.88x (more on this below)
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According to @DefiLlama, there are over 300 lending protocols on the market. It's a use case that's been established since the early days of DeFi. So why create another one? What is Synonym's edge? ๐Ÿค”
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You: A DeFi power user who wants to navigate seamlessly between chains Us: Synonym, a protocol for chain-agnostic lending and borrowing This Blog: An in-depth exploration of our value proposition synonymfinance.medium.com/whโ€ฆ
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Our testnet program has now been live for 10 days ๐Ÿค We've recorded nearly 4,000 active participants in our testnet campaigns and the feedback we've received has been extremely valuable. We've been pushing improvements in real-time. Here's what we've improved so far:
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Gmonday Professionals, the future is bright. โฑ๏ธ = ๐Ÿ’ฐ
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That's a whole lotta $SYNO juice.๐Ÿงƒ
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Today we're kicking off the Synonym Strategies Series with @redactedcartel and a next-generation LST strategy ๐Ÿค Redacted recently launched $pxETH, the first product in the DINERO Suite that is positioned to fundamentally reshape how users interact with Ethereum.
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C:\Program Files\synx86\synonymlaunch.exe
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DeFi Professionals are taking notice of @redactedcartel pxETH, but what does that have to do with Synonym? We're glad you asked โฌ‡๏ธ
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We're proud to announce that Synonym will be receiving 400,000 $ARB tokens via the @arbitrum LTIPP Program! ๐Ÿค Our proposal passed with 149.5M votes with 99.6% in favor - overwhelming support! ARB incentives will flow to all of our Arbitrum markets through our BIPS Program ๐Ÿ“Š
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๐™’๐™๐™–๐™ฉ ๐™ข๐™–๐™ง๐™ ๐™š๐™ฉ๐™จ ๐™ฌ๐™ž๐™ก๐™ก ๐™—๐™š ๐™–๐™ซ๐™–๐™ž๐™ก๐™–๐™—๐™ก๐™š ๐™ช๐™ฅ๐™ค๐™ฃ ๐™ก๐™–๐™ช๐™ฃ๐™˜๐™? Chains: @arbitrum, @Optimism, @ethereum Assets: wETH, wBTC, ARB, OP, wstETH, USDC, USDT All seven assets are available to supply and borrow on each of these three chains. โœ…
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Enter the Wormhole.
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Phase 2 of our V2 Rollout is here: SYNO. A completely overhauled app, a new name, UX and enhanced tokenomics - all powered by @wormhole. Built on top of our recent Optimistic Finality Upgrade, we're now closer than ever to our unified vision for EVM <> Solana lending ๐Ÿค
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In case you missed the news, Synonym is live on mainnet! If you want to get caught up on: โœ… Synonymโ€™s lending + borrowing markets โœ… The tokens: $SYNO and $vlSYNO โœ… How you can get insane emission boosts Then keep reading! ๐Ÿงต
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Another new asset has been added to Synonym! Users can now access unified multi-chain leverage on @tBTC_project tBTC from @TheTNetwork! Put your multi-chain tBTC to work across all Synonym markets to earn BIPS, SYNO, W and ARB rewards! Multi-chain BTC ๐Ÿค Multi-chain lending.
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Temperatures rising. Drinks chilled. SYNO Summer is here! ๐Ÿ–๏ธ We're releasing rewards for our Season One BIPS earners and kicking off 10 weeks of incentives. Synonym will be distributing huge amounts of SYNO, ARB and W tokens to users, plus points. Get ready. Let's dive in ๐ŸŒŠ
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Enhanced testnet registration is now live! ๐Ÿ’Ž Individuals that complete this registration will receive special perks in the Synonym Professional community. If you already completed the basic registration we recommend that you verify here as well ๐Ÿ‘‡ app.deform.cc/form/d4290657-โ€ฆ
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Synonym uses a powerful hub and spoke model to give our busy DeFi Professionals the best possible cross-chain lending experience. But where does this hub live? For us, there was a clear answer: @arbitrum Why an Arbitrum hub? ๐Ÿ‘‡
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Trading for $SYNO is now live on Gate.io! gate.io/trade/SYNO_USDT
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As a DeFi Professional, you may find yourself asking: What makes Synonym Finance different? Synonym is building a lending market with true cross-chain collateral features and a UX that you won't find anywhere else. Let's explore ๐Ÿ—บ๏ธ
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Don't blink. ๐Ÿ‘€
๐Ÿญ ๐—›๐—ข๐—จ๐—ฅ. $๐Ÿญ๐—  ๐—ง๐—ฉ๐—Ÿ. โœ… What will you do with seamless cross-chain lending, Professional?
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Happy $BTC ETF Day, Professionals ๐Ÿค
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Tier-one risk analysis ๐Ÿค multi-chain lending.
1/ As part of our partnership with @synonymfinance, a multichain money market protocol, we've launched a dashboard to provide users with insight into key protocol risk and performance metrics. ๐Ÿ“ˆ Market Health ๐Ÿ”ฆ Account Explorer ๐Ÿ’ง Liquidations Explore the dashboard below ๐Ÿ‘‡
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its @wormhole wednesday please enter the interdimensional hot tub
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Two major problems DeFi is facing in 2024: -Fragmented Liquidity -Inefficient Bridging Synonym offers solutions; here's everything you need to know. Thread & blog โฌ‡๏ธ
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It's time synons - our first official meme competition is here ๐ŸŽจ $1000 in $SYNO and eternal glory in our Discord server is up for grabs. Join our Discord now for more details - winners will be selected in two weeks!
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We'll be releasing our Galxe campaign, testnet guide and the official feedback/bug submission forms shortly. 1 week to go professionals โฑ๏ธ In the meantime, sign up for our official testnet and join our community today: synonym.finance/
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A Unique Ecosystem: The Power of Synonym's Partnerships Strap in Professionals, we have plenty to cover in this one. ๐Ÿงต
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Seamless stablecoin borrowing: Leveraging @circle CCTP ๐Ÿ”ต -What is CCTP? -How does it function within Synonym? -What are the benefits for lenders & borrowers?
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Are you an L2 Maxi who's feeling the @eigencloud restaking FOMO? Synonym is the easiest way to borrow mainnet ETH with your @arbitrum or @Optimism assets. ๐Ÿ’ก Here's a restaking strategy guide using Synonym + @renzoai. ๐Ÿ‘‡
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Merry Christmas from everyone at Synonym ๐ŸŽ„๐ŸŽ… Wishing you a happy holidays and hoping that the only thing staying un-wrapped is your assets ๐ŸŽ
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Once we receive valuable reports and verify issues, we'll add you to our official reward list. Those who complete all quests will receive our testnet NFT, special Discord roles and a token reward for their contributions. DeFi Professionals helping DeFi Professionals ๐Ÿค
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Synonym Finance Season One Introduces B*** with ******** of ***** ** & *****
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Ecosystem Strategy Series, Part 3: @arbitrum + @JonesDAO_io + @boopthecoin Taking a break from our usual strategies. This one is for the meme, yield & Arbitrum degens. Max-long an Arbitrum-native meme, put your ARB to work and generate Smart LP yield + SYNO at the same time ๐Ÿ‘‡
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The Synonym Syndicate is growing! ๐Ÿค @wormhole community members can now claim a coveted cross-server role and earn rewards across the Social, Community and Research Syndicates! Claim your cross-server role and check out our Syndicates channels now: guild.xyz/synonym
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Gm Professionals. Our Analytics Page is now live on the dApp! Get a real-time view of your Synonym holdings and plan your rewards for the next 3 months. Weโ€™re here to give you the full picture โ€“ not points in a database.
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Cross-chain Security ๐Ÿ”’ As fellow DeFi Professionals ourselves, minimizing risk is a top priority at Synonym. Today we take a closer at some of the security measures in place to ensure users are protected while transacting across multiple chains. โ›“๏ธ
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Think back to the previous bull market. Which DeFi vertical skyrocketed, 30Xing its TVL between Q2 '20 and Q4 '21? LENDING. Largely because borrowing = leverage. One chain dominated DeFi last cycle, but we're in a cross-chain world now, and cross-chain lending is here. โฌ‡๏ธ
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Weather is heating up. Rewards are locked in. SYNO Summer about to begin. study next week ๐Ÿ–๏ธ
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Synonym is positioned to become the ultimate EVM-SVM cross-chain liquidity hub. No more fragmentation. No more wrapped assets. Cross-VM lending and borrowing is coming. Next up in the Synonym Strategies Series: $ETH ๐Ÿค $SOL
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We are live with @wormholecrypto, @PythNetwork, and @offchain! Listen now ๐Ÿค nitter.app/i/spaces/1ynKOymLRgqJR
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Synonym will launch first on Ethereum, Optimism and Arbitrum. Today we're highlighting @optimismFND - a powerful rollup with an equally impressive vision for the future of shared security and scalability. First Optimism, then @BuildOnBase - Synonym is coming for the OP Stack ๐Ÿ”ด
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pxETH from @dinero_xyz (formerly Redacted) is now available for lending and borrowing on Synonym ๐Ÿค $pxETH is part of Dinero's unique dual-token LST model that powers the highest ETH staking yields in DeFi. Don't settle for less ๐Ÿ‘‡
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gmonad
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New assets are now available! We've just enabled support for @GMX_IO $gmBTC & $gmETH ๐Ÿค Users can now lend, borrow and earn across multiple chains with prime, yield-bearing GMX collateral ๐Ÿซ Earn BIPS now to maximize your SYNO, ARB and W rewards in our upcoming distributions.
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Synonym now supports @clustersxyz names! ๐Ÿค Clusters is a universal namespace protocol that creates a seamless wallet directory for natively cross-chain users. Register a universal namespace and easily manage your wallets across all chains: clusters.xyz/
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Emissions share multipliers will gradually increase as users remain deposited: - Week 1: 1.25x - Week 2: 1.50x - Week 3: 1.75x - Week 4: 2.00x Weekly epochs will start and end on Friday. Users must remain deposited for the entirety of an epoch to be eligible for multipliers.
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