SYNO Finance

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

SYNO Finance's governance or utility token carries a market capitalisation of $1.5K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($1.5K) is small relative to deposits secured by the protocol ($202.3K); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

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

1. Feb 7, 2024
   Listed on DeFiLlama

SYNO Finance is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 5 chains, including Arbitrum, Scroll, Ethereum, Optimism and 1 other chain.

SYNO Finance runs a multi-chain deployment, with smart contracts live on 5 networks. TVL is comparatively balanced across networks: even the largest deployment (Arbitrum) holds only 35% of the protocol's value. Price discovery relies on 2 oracle providers (Pyth, Chainlink), which diversifies the data-feed surface but also expands the set of third parties users implicitly trust. Its token market cap ($1.5K) is small relative to TVL ($202.3K) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

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

SYNO Finance is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether SYNO Finance's own TVL is at the top, middle, or tail of the category.

Aave V3

TVL $26.2B · 24h +0.16%

Morpho V1

TVL $7B · 24h +0.57%

JustLend

TVL $3.4B · 24h +1.86%

Maple

TVL $2.4B · 24h -1.17%

SparkLend

TVL $2.2B · 24h +3.62%

Kamino Lend

TVL $2.1B · 24h -0.02%