The $SYN token most commonly refers to Synapse Protocol (SYN), a prominent cross-chain interoperability infrastructure in DeFi. However, "SYN" could also refer to gaming tokens like SynCity.
* stablecoins and other assets across chains
Token Utility
* Governance: SYN holders vote on protocol upgrades, fee structures, and treasury decisions
* Staking: Users can stake SYN tokens to earn rewards
* Fee Reduction: Provides discounts on bridge transaction fees
* Liquidity Mining: Rewards for providing liquidity to Synapse pools
Tokenomics (as of early 2025)
* Total Supply: Capped at a
* Cross-chain asset transfers (stablecoins, wrapped tokens)
* Liquidity provision across multiple chains
* Governance participation in protocol decisions
* Earning passive income through staking and LP rewards
Supported Chains
* Ethereum, BSC, Avalanche, Polygon, Arbitrum, Optimism, Fantom, Harmony, Moonriver, and others
Technology
* Automated Market Maker (AMM) for efficient swaps
* Validator network securing cross-chain transactions
* Smart contract infrastructure across multiple chains
