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logoSynapse (SYN)

A Universal Interoperability Protocol that Enables Cross-chain Communication.
  • Synapse is a universal interoperability protocol that enables cross-chain communication.

  • SYN is the native token of the project. The current use cases for SYN include:

    • Bootstrapping Liquidity: Incentives to users who provide liquidity on Synapse Network.
    • Governance: Any SYN holder with over 50,000 SYN tokens can put forward proposals, which will be voted on by the DAO.
    • Economic Security and Delegated Proof of Stake (PoS): Notaries and guards will be required to bond and stake SYN when Synapse Chain goes live.
  • The project consists of the following major components working in conjunction:

    • Synapse AMM: Synapse pools are deployed on each chain interconnecting the Synapse Network enabling rapid and trustless liquidity flows between all chains.
      • Synapse Bridge: Synapse Bridge allows users to seamlessly swap on-chain assets across 18+ EVM and non-EVM blockchains.
      • Synapse Swap: Users can also use Synapse to swap between native stablecoins or pegged assets on all Synapse-enabled chains at a low slippage.
    • Synapse Chain: Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain application.
  • As at February 22th 2023, the total token supply of SYN is 250,000,000. The current circulating supply is 190,000,000 (~76% of total supply).

  • Learn more about the token distribution of SYN here.