Ask about SYNO Finance

Logo of SYNO FinanceSYNO Finance(SYNO)

Total Value Locked$101,059

TVL by Chain

Arbitrum$29,046

Scroll$26,935

OP Mainnet$18,219

Ethereum$16,591

Base$10,267

Key Metrics

Active Loans$81.24

Total Raised$1.5m

Jan 24, 2024$1.5mRound: SeedInvestors: Borderless Capital, Robot Ventures, Big Brain Holdings, Wormhole Crosschain Ecosystem Fund

Protocol Information

SYNO is a truly cross-chain money market built on the Wormhole xChain technology stack

WebsiteGitHubX/Twitter
Category:Lending

Methodology

TVL: Deposits per chain are read from the Synonym hub (spoke balances for L2s/mainnet, hub token balances on arbitrum); borrows are global and reported on arbitrum.View code on GitHub

Competitors

Aave V3 ($18.124b)Morpho Blue ($10.954b)Compound V3 ($1.5b)Tarot ($757,284)Impermax V2 ($600,093)Venus Core Pool ($1.311b)Unitus ($6.46m)OmniBTC ($2.18m)Avalon Finance ($1.28m)Silo V1 ($993,843)

Frequently Asked Questions

What is SYNO Finance's TVL?

SYNO Finance currently has $101,059 in total value locked. TVL has decreased 50% over the past 30 days.

What chains does SYNO Finance operate on?

SYNO Finance operates on 5 chains: Arbitrum, Scroll, OP Mainnet, Ethereum, and Base. Arbitrum holds the largest share at 28.7%.

How does SYNO Finance's TVL compare to similar protocols?

Among Lending protocols tracked by DefiLlama, SYNO Finance ranks #230 by TVL. The category holds $54.674b across 521 protocols, and SYNO Finance accounts for <0.1% of that total. Other leading protocols include Aave V3, Morpho Blue, Compound V3, Tarot, Impermax V2, Venus Core Pool, Unitus, OmniBTC, Avalon Finance, and Silo V1.

How much has been borrowed through SYNO Finance?

SYNO Finance currently has $81.24 in active loans.