Try Out The True Cross-Chain Lending Market: Synonym Testnet Demo (And How To Be Eligible Retroactive Rewards!)

 

An In-Depth Look at Synonym Testnet Demo


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High Rollers:

Over the last several years we’ve seen tons of iterations amongst different verticals in the crypto space trying to further innovate. This is probably our favorite part of being in this space so early, it feels like we are experimenting in real time…

Or, ‘testing in prod’ as Andre would say.

Today’s video is a product of the aforementioned innovations in DeFi: A Synonym Finance testnet demo and retroactive rewards eligibility guide. Utilizing wormhole, synonym truly is a ‘cross-chain’ money marekt where you can deposit assets on one chain and borrow against them on a different chain.

True cross-chain collateralized lending. Pretty based.

In todays video, Andy will take you through the platform, report live feedback on the UI/UX, guide you through the galxe campaign to earn your discord role and *potentially* qualify for retroactive rewards. It takes less than 20 minutes to set this all up if you can focus and execute.

We’re pretty bullish on Synonym, so we think its worth it. Watch the educational tutorial below:

Cheers,

The Rollup.

Make sure to check out Synonym website πŸ‘‰πŸ½ hereΒ 

Also, check our DeFi by Design Episode πŸ’― πŸ‘‰πŸ½ here


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⚠️ DISCLAIMER: Investing in cryptocurrency and DeFi platforms comes with inherent risks including technical risk, human error, platform failure and more. At certain points throughout this post, we might get a commission for promoting certain projects, if this is the case we will always make sure it is clear. We are strictly an educational content platform, nothing we offer is financial advice. We are not professionals or licensed advisors.


 

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Avatar photo About the author: We help you explore DeFi onchain w/ foolproof education & relevant research to give you an edge. Focused on L2s. Scaling to mass adoption one block at a timeπŸ™

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