Syde

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Counts Syde smartcontract balance as TVL.

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Nov 22, 2024
   Listed on DeFiLlama

Syde is a Synthetics protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on TON.

Syde is a single-chain protocol, deployed exclusively on TON — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices.

Verified external resources for Syde — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Syde is one of 7 Synthetics protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Alchemix, Metronome Synth, Youves, and 3 more. These peer protocols collectively secure $92.3M in deposits, giving you a frame of reference for whether Syde's own TVL is at the top, middle, or tail of the category.

Alchemix

TVL $33.4M · 24h -0.07%

Metronome Synth

TVL $27.3M · 24h +0.12%

Youves

TVL $22.9M · 24h +0.38%

Usual ETH0

TVL $5.6M · 24h -0.52%

Rumpel Labs

TVL $2.2M · 24h +0.54%

Outcome Finance

TVL $983K · 24h +0.50%