Monthly Community Report, August 2023
Last updated
Last updated
In the dynamic realm of decentralized finance, characterized by its relentless pursuit of innovation and technological advancement, SyncSwap stands as an exemplar of excellence. As we commence another month's voyage, we are honored to introduce the August edition of the SyncSwap Monthly Community Report.
Deployment of New Tokens/Pools on Linea Network in SyncSwap
The following tokens have been added to SyncSwap Linea: USDC, USDT, DAI, axlUSDC, and WBTC. These additions expand the range of options available to our users.
Furthermore, we are excited to announce that you can now bridge USDC to Linea through our valued partners, including Rhino.fi and Orbiter Finance, facilitating seamless access to Linea's ecosystem. https://syncswap.xyz/bridge
Additionally, users can take advantage of our platform to exchange their existing assets for these newly added tokens, ensuring access to the best exchange rates. https://syncswap.xyz/swap
For those looking to maximize their returns, we encourage you to consider adding liquidity to our pools, which not only provides opportunities for increased earnings but also minimizes impermanent loss.
RabbitHole, a web3 application designed for hosting on-chain quests across various protocols, seamlessly integrated with the zkSync Era network. Notably, it played a pivotal role in initiating a campaign focused on engaging quests within the zkSync ecosystem. Moreover, SyncSwap, being a leading innovative platform, actively participated, contributing to the enhancement of the overall Layer 2 (L2) experience of users. ✨
We successfully implemented the Axelar x Squid routing protocol, enhancing our platform to deliver a streamlined cross-chain swapping functionality. This feature is now live on both Linea and the Ethereum Mainnet, offering users a convenient and efficient means to bridge their assets across supported networks. For instance, users can now seamlessly convert Ethereum USDC to Linea network ETH, resulting in notable time and cost savings. ⚡️
SyncSwap x Interport
In recognition of the enduring partnership between Interport and SyncSwap, and as a token of gratitude for the steadfast support of our community, we meticulously orchestrated a giveaway event boasting a total prize pool of $500. Ten fortunate recipients were each granted $50 during the period spanning from August 1st to August 7th. Our unwavering commitment to prioritizing the community's interests underscores the very essence of SyncSwap. For in-depth insights into this event, we invite you to peruse further details available at
SyncSwap x pvpbot
PvP Bot has introduced a diverse selection of captivating SocialFi and GambleFi games on the zkSync platform, all conveniently accessible through a Telegram Bot.
Our collaborative effort is poised to advance and enrich the landscape of entertainment and gaming within the zkSyncEra ecosystem.
Furthermore, the trading of the native token, $PVP, associated with @pvpbot_io, is now facilitated on SyncSwap, unlocking fresh avenues for on-chain entertainment.
SyncSwap x TiTi Protocol
In alignment with our commitment to actively engage the community in the building process, as opposed to passive developments, we endeavor to always partner with projects that align with our view, hence partnership with TiTi Protocol. TiTi Protocol offers a No-Liquidation-Risk and Revenue-Earning Stablecoin, which is backed by a collateral reserve exceeding 100% and diversified across multiple assets.
To foster community involvement, we conducted a summer trading competition from July 27th to August 24th. This event allowed users to participate in trading activities on SyncSwap and earn rewards. The competition featured a substantial prize pool totaling 1,000,000 TiTi tokens.
For more details, see: TiTi x SyncSwap summer trading competition
SyncSwap x dappOS
In the wake of our successful integration of dappOS technology, a pivotal milestone in our partnership with dappOS.com, several noteworthy advancements have emerged. Notably, our most recent achievement is the initiation of a DNA attribute campaign hosted by dappOS, showcasing an exclusive NFT reward. 😍
For more details, please visit: DNA attribute campaign
Linea Stampede Campaign
The Linea Stampede campaign represents a curated assemblage of 11 exceptional projects within the Linea Ecosystem, with SyncSwap securing a prominent position among them. This initiative boasts a substantial prize pool valued at $11,000 and offers participants the chance to acquire exclusive NFT rewards. Notably, the campaign is hosted in collaboration with our esteemed partner, Rhino.fi, providing users with an excellent opportunity to establish their presence and earn recognition within the Linea network.
As we conclude this edition of the SyncSwap Monthly Report, we are reminded that our journey through the world of decentralized finance is not merely a series of events but a continuous evolution. SyncSwap's unwavering commitment to excellence, innovation, and user empowerment remains our guiding star. We extend our gratitude to our dedicated community, esteemed partners, and the tireless SyncSwap team who have tirelessly fueled our progress.
here's to a future filled with limitless possibilities. 🥂
