Synonym
Synonym Airdrop
About Synonym
Synonym is a universal cross-chain credit layer aimed at DeFi professionals. It leverages the Wormhole cross-chain technology stack to offer a unified interface for lending and borrowing across multiple blockchains. Users can supply assets to earn yield, borrow, repay, and withdraw from any supported chain without leaving a single platform. The protocol is designed to streamline complex cross-chain money market interactions into a simple, professional-grade experience.
Why we choose Synonym?
We picked Synonym because it focuses on delivering a unified cross-chain lending and borrowing experience for busy DeFi professionals. By building on the Wormhole cross-chain technology stack, the project positions itself as a seamless multichain credit layer where users can interact with money markets from a single interface. Its BIPS points campaign and vlSYNO-based liquidity mechanism highlight an ecosystem-oriented approach to rewarding participation and building deep liquidity.
Synonym Airdrop Guide
Airdrop Eligibility
Complete the tasks below in the How To section to maximize airdrop eligibility
How to get Synonym Airdrop?
1. Visit the Synonym website.
2. Connect your crypto wallet to the platform.
3. Deposit assets into the Synonym money market to start earning BIPS.
4. Borrow assets from the money market if desired to earn additional BIPS.
5. Acquire and lock vlSYNO using the platform’s vlSYNO Locks feature to increase your BIPS earnings.
6. Track your BIPS accrual, noting that you earn 1 BIP per dollar supplied per day, 2 BIPS per dollar borrowed per day, and 0.5 BIPS per vlSYNO per day.
7. Refer to the official airdrop document linked by Synonym for further details on the airdrop structure and rewards.
8. Optionally, follow their social channels and newsletter to stay updated on airdrop-related information.