SYNO retweeted
The long-term vision for Wormhole: Connecting the Internet Economy
Watch below as @WormholeFdn Co-founder @danreecer_ discusses the next 50 years of connecting every network, population, and part of the world, including upcoming research on platform monetization and fee switch mechanisms that will redirect rewards to active governance participants.
SYNO retweeted
DeFi lending is a $50B TVL market; that's almost 50% of the entire crypto TVL.
Yet it still suffers from a fragmented liquidity problem.
Here’s how Syno is solving this & onboarding the masses into DeFi lending 👇
SYNO retweeted
The second day of Boopmas our true boop brings to you, 43,000 $SYNO tokens currently worth $200 USD, bringing Santa’s sack to a total value of $2,200.
The team at @synofinance have created a universal cross-chain credit layer for busy DeFi Professionals, with the cross-chain lending and borrowing experience that users deserve, powered by the Wormhole cross-chain technology stack.
Lend, borrow and earn from any chain. Incredible.
How to get your hands on this bounty? Well here is the second of 12 masterpieces created by @chutoro_au. These images are the keys to 12 words that form the seed phrase that will bring you cheer this Christmas.
Keep alerts on, tomorrow we reveal another treasure placed lovingly under the tree by the finest @Abitrum teams.
SYNO retweeted
Turn on alerts and get ready for an @Arbitrum Boopmas.
Santa’s sack is heavy this year - loaded with coins from all of your favourite Arb teams.
December 12th will mark the first of 12 days of Boopmas.
Each day we’ll post an image that is your clue to one of 12 words of a seed phrase.
Crack the code and be rewarded with 11 different tokens from some of Arbitrum’s finest teams - @SiloFinance, @synofinance, @PlutusDAO_io, @MaiaDAOEco, @HermesOmnichain, @stryke_xyz, @HamachiFinance, @Factor_fi, @JonesDAO_io, @SankoBros and @muxprotocol.
The value of these coins? Priceless (soon), but currently mid-four figs.
Oh, and if you’re thinking of brute-forcing, glhf.
Boop.
SYNO retweeted
Looking to quickly deploy capital on Euler or Synonym?
Do you want to avoid protocol fees on those platforms?
Oku simplifies bridging to any chain and swapping into any token in one txn with zero front end fees.
Here’s how it works:
1⃣Connect your wallet, then select your source chain
and token.
2⃣Choose your destination chain and token.
3⃣Review the quote, including gas fees and bridge
costs.
4⃣Click Bridge and sign the transaction.
Your funds will automatically bridge and swap on the destination chain, allowing one-click deployment into your preferred protocol while avoiding protocol fees.
SYNO retweeted
It's a great day to bridge to @optimism and check these projects out:
1 - @prime_protocol
2 - @PolynomialFi
3 - @synonymfinance
4 - @ourZORA
5 - @PoolTogether_
Which one's your favorite? 👇
SYNO retweeted
memefi in action
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 👇
SYNO retweeted
Scroll Migration campaign is live 🎊
To celebrate our latest @Scroll_ZKP integrations we're rewarding all new Turtles with a share of the $1000 prize pool.
Participate here:
intract.io/quest/66fd5910637…
SYNO retweeted
The turtle migration has arrived at @Scroll_ZKP, and what a time! 📜
Scroll users can leverage the Turtle Club LP bargaining power within the defi ecosystem, without any added risk.
Know everything about the integration below 👇
SYNO retweeted
Initiation votes have concluded.
All 6 proposals across 6 networks passed successfully!
🔗app.mitosis.org/eol/initiati…
Congrats to @Karak_Network, @SturdyFinance, @InitCapital_, @synonymfinance, and @MendiFinance.
Next stop: Reward proposals
Voting results🧵
SYNO retweeted
Express Relay is live on EVM mainnets!
Some of the top DeFi protocols are already using it.
These names comprise $1 billion in TVL across 11 chains:
@synthetix, @zerolendxyz, @ionicmoney, @synonymfinance, @FulcromFinance, @KeomProtocol, @Jax_Finance, @vela_exchange
SYNO retweeted
The yield opportunities keep flowing 🤑
pxETH was recently added to @synonymfinance, where users can earn $SYNO, $W, $ARB and additional rewards.
Here's a guide:
mirror.xyz/0x0Ea5F4bA3d656FE…
SYNO retweeted
Some awesome dapps and chains leveraging Wormhole:
+@CatalystAMM
+@sphere_labs
+@synonymfinance
+@MezoNetwork
+@Curvance
+@C3protocol
+@superformxyz
+███████████
+████████████
SYNO retweeted
Avoided having to worry about 800 gwei to repay my loans yesterday thanks to @synonymfinance.
Was able to unwind everything using gas on ARB and bring my health up and only cost me a couple of dollars.
Cross chain money market FTW
SYNO retweeted
#PoweredByWormhole (🪱,🕳️)
🌐Team: Synonym Finance (@synonymfinance)
📚Description: Synonym is a universal multi-chain money market that lets you lend, borrow, and earn from anywhere.
🌪️Wormhole Integration(s): Messaging
🏖️Synonym Core Contributor:
"Communicating between blockchains is hard. Luckily Wormhole’s integrated messaging, automatic relayers and asset transfers make that as easy as possible.
Wormhole acts as a middle-layer that allows Synonym to send data or tokens between chains. The flexibility of having both a messaging layer and token bridge is a big advantage."
-@0xbeachball
SYNO retweeted
Some thoughts on the latest integration with @synonymfinance x @Scroll_ZKP
Pretty interesting to me because Scroll is:
1. The first ZK chain on Synonym
2. The 2nd tokenless chain on Synonym (after Base)
3. Five different sources of rewards for capital deployed on Synonym
Now I covered Synonym not that long ago in this thread but today I thought I'll focus a little more on the Scroll integration and how you can make the most of it.
xitter.gq/0xMughal/status/178780…
Synonym provides a cross chain credit system so users can supply assets on one chain and borrow assets on a different chain. This is all powered by @wormhole using a hub and spoke model where messages are accounted on @arbitrum as a hub chain. I covered this in the above thread so give that a read!
Now @Scroll_ZKP is something I assume many of you who follow me have been farming in someway shape or form over the last few months.
We've seen the valuations of some of these newer L2s and I think many are suspecting that Scroll could be somewhat similar.
What better way to farm it when you have additional ecosystem rewards too.
So what are the rewards?
Currently they are:
- Yield via lending $ETH or $USDC
- $SYNO
- BIPS providing both $W and $ARB rewards
- Scroll Marks
Lets see how long it takes for a Scroll airdrop but for those looking to keep farming, this could be a good one for you especially because of the additional rewards.
Strategies
Theres a few for you to choose from. Here are just a few you guys can use:
1. Passively lending USDC or ETH - simple, straight forward and earns yield.
2. Leverage looping - for those looking for extreme yields, borrow USDC against ETH and loop this round as many times to maximise your yields, BIPS and marks.
3. Supplying your ETH from any chain on Synonym and borrowing USDC on Scroll to farms with across ecosystem dapps.
If you want to learn more, go check out the ecosystem deep dives I've done via the thread above or the videos on my channel which you can find on YouTube!
DeFi today exists in a cross chain world.
The problem is we are still fragmented with so many individual ecosystems.
In this thread we'll cover how @synonymfinance change that with their novel cross chain credit layer 👇
SYNO retweeted
when teams building on @wormhole win, we all win
Wormies taking over the @synonymfinance Discord
