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Synonym Finance
SYNO is a next-generation cross-VM lending market and a universal cross-chain credit layer protocol where users can lend, borrow, and earn from any supported ecosystem, starting with Solana.
Distributed
Description
SYNO is a next-generation cross-VM lending market and a universal cross-chain credit layer protocol. It enables users to lend, borrow, and earn from any supported ecosystem. The protocol is built on a robust technology stack that includes Wormhole, Arbitrum, Pyth, Chainlink, and Circle CCTP, delivering seamless connections to more opportunities. SYNO's architecture includes features for debt pricing, risk management, asset parameters, and governance. It utilizes its own token, SYNO, with specific tokenomics and fee distribution models. The project emphasizes security, having been audited multiple times by leading firms and using industry-best security practices. It provides comprehensive documentation, including developer resources and contract deployments, to support its community.Grant Funding
VC Funding
None
2024
$0
$1.5M