SyncSwap ($SYNC) is an AMM decentralized exchange (DEX) on the zkSync Era. The protocol is fully open source and composable. Powered by zero-knowledge technology, SyncSwap brings more people easy-to-use and low-cost DeFi with complete Ethereum security.Powered by zero-knowledge technology, SyncSwap brings more people easy-to-use and low-cost DeFi with complete Ethereum security.
SyncSwap is launched on April 8th, 2022. (Announcing SyncSwap Mirror article)
The vision for SyncSwap would be to build a one-stop-shop DeFi hub that is totally seamless and easy to use with innovative features. Bring user-friendly and accessible DeFi products to more people that even never heard about Ethereum - on the scaled Ethereum.
The SYNC token is the utility and governance token of the SyncSwap protocol.
- Ticker - SYNC
- Name - SyncSwap Token
- Total Supply - 100,000,000 SYNC
veSYNC (Vortex SYNC) is a special version of the SYNC token that can be used to participate in vortex tokenomics.veSYNC (Vortex SYNC) is a special version of the SYNC token that can be used to participate in vortex tokenomics.
The vortex tokenomics is built to maintain the health and long-term growth of the SyncSwap protocol. The core of the vortex tokenomics is the veSYNC token.
SYNC holders can convert their SYNC tokens into veSYNC tokens anytime and enjoy various benefits.SYNC holders can convert their SYNC tokens into veSYNC tokens anytime and enjoy various benefits.
- Voting powers
- Protocol fee dividends
- Fee discount
veSYNC can be converted back to SYNC tokens after a vesting duration.
The full vesting duration is 6 months, and once the vesting starts, 100% of veSYNC can be converted to SYNC tokens after 6 months.
It also supports the uncomplete vesting, starting from a minimum vesting duration of 20 days, and 50% of tokens will be able to convert to SYNC tokens after 20 days.
After the minimum vesting duration, if not claimed, the remaining 50% of tokens will continue to vest linearly until the full vesting duration.
- Minimum vesting duration - 20 days, 50%
- Full vesting duration - 6 months, 100%
For example, if you decide to claim in 30 days, 53.125% of your veSYNC tokens will be converted to SYNC tokens.For example, if you decide to claim in 30 days, 53.125% of your veSYNC tokens will be converted to SYNC tokens.
