Monthly Community Report, January 2025
Last updated
Last updated
January has been a dynamic month for SyncSwap, marked by continuous innovation, growth, and community engagement. Our team has been dedicated to enhancing the user experience, expanding liquidity, and driving adoption across diverse ecosystems. This report presents the key developments, milestones, and community contributions that have shaped our progress, ensuring transparency and keeping our community informed about SyncSwap’s achievements.
Launch of SyncSwap V3 Pools - On January 1, 2025, we are thrilled to announce the launch of SyncSwap V3, a significant milestone in the evolution of the SyncSwap protocol.
SyncSwap V3 introduces a novel pool model called Range Pools, which offers exceptional capital efficiency, customizable price ranges, flexible IL exposures, and more! Range Pool is a fantastic addition to the SyncSwap protocol, elevating SyncSwap to a true Hyper Model Dex. It now offers four pool models simultaneously:
Classic Pool: Ideal for general-purpose swaps involving long-tail assets, particularly memecoins, while minimizing impermanent loss.
Stable Pool: Provides hyper-efficient stablecoin swaps while maintaining a passive liquidity provider (LP) experience.
Aqua Pool: Offers high efficiency and a fully automated LP experience for popular assets. Advanced algorithms and sophisticated mechanisms enable auto-rebalancing and minimize impermanent loss.
Range Pool: Supports a diverse range of assets with flexible LP management, customizable price ranges, and impermanent loss. It achieves exceptional capital efficiency, up to 1000 times compared to the Classic Pool. Additionally, it boasts great compatibility and an intuitive user interface.
Start of zkSync Ignite program - zkSync Ignite program is now officially live! to span several seasons. In Season 1 Over the course of two weeks, 1,000,000 $ZK rewards was distributed to liquidity providers on SyncSwap.
Eligible Pools for season 1
- ETH / ZK Classic
- ETH / USDC.e Classic
- ETH / ZK V3
- ETH / USDC.e V3
- ETH / wrsETH Aqua
- USDC - USDT Stable
- USDC - USDC.e Stable
- MBTC - WBTC Stable
To join:
Simply deposit into eligible pools on SyncSwap, and rewards will start accumulating automatically. No need to stake your LP, there are no fees or locks browse pool list https://syncswap.xyz/pools .
Clave Yield Farm on SyncSwap - through Clave wallet You can deposit into @syncswap's stable pools with $USDC or $USDT and start earning 17% APR with Ignite.
Deposit your stables on SyncSwap pool through Clave wallet and continue to earn while you sleep. 😴
Ignite Round 2 - Reward continues in ZKsync Ignite Round 2. In Round 2, rewards were distributed into more diverse pools, enabling more opportunities and gradually shifting to the more flexible and efficient V3 pools to ensure a smooth transition.
Over 1,500,000 $ZK was rewarded to liquidity providers on ZKsync core liquidity pools in 2 weeks - 1.5x of the previous 1M reward pool in round 1
Eligible Pools for round 2
- ETH / ZK
- ETH / ZK V3
- ETH / USDC.e
- ETH / USDC.e V3
- ETH / USDC V3
- ZK / USDC.e V3
- wrsETH / ETH Aqua
- wrsETH / ETH V3
- wstETH / ETH Aqua
- wstETH / ETH V3
- USDC / USDM
- USDC / USDC.e
- USDC / USDT
- MBTC / WBTC
Earn 4x Noon Points - Noon’s Rewards Program by our partner @noon_capital is live.
Deposit into USDC/USN and USN/sUSN stablecoin pools on SyncSwap to earn 4x Noon Points!
Protocol liquidity deposit highlight from Merkl - Merkl, the hosting platform for the Ignition program, has provided a concise guide to navigate the Ignite site UI and locate SyncSwap pools. check it out https://x.com/merkl_xyz/status/1878747580068422075 Protocol highlight by Olimpio suggesting the Use of the Dex while participating in the ignite program based on several factors, check it out at https://x.com/OlimpioCrypto/status/1876642514624455141
Partnership with Noon Capital - Noon capital the intelligent and fair yield-generating stablecoin. Noon's Public Beta is live - Noon's stablecoins $USN and $sUSN are available on SyncSwap on ZKsync (and Sophon soon)
You can now swap $USN on SyncSwap.
Free Transaction Milestone - 100,000 Free Transactions with our Zyfi partners!
We’re excited to announce that all your on-chain activities:
Swaps
Adding liquidity
Removing liquidity
Remains fully gasless thanks to Zyfi on SyncSwap
Increased KelpDao LP reward Incentives - With the eligibility of Kelp pool - ETH / wrsETH Aqua in the ignite rewards, more incentives have been streamed to it. Now you can earn:
⍛ 2x Kelp Miles
⍛ ZK rewards from the ZKsync Ignite program
⍛ 1x Programmatic EIGEN rewards
zkSync zkSync Ignite Season 1 is Live! - The ZKsync Ignite program kicks off with 300M ZK tokens allocated over 9 months to turn ZKsync Era into the liquidity hub of the Elastic Network.
Start earning https://zksyncignite.xyz
Scroll
Scroll introduces session 2 - Session 2 is designed to encourage the long-term growth of assets and protocols on Scroll. One of the main focuses of Session 2 is giving back to the community—this will include the second round of SCR community airdrops.
Marks will continue accruing to Scroll’s onchain users, and we’re including more clarity on the dashboard directly by displaying coefficients and rules. For full details check: https://scroll.io/blog/introducing-scroll-session-2
SyncSwap remains committed to delivering seamless and efficient decentralized trading solutions. Our roadmap is filled with exciting updates, and we appreciate the continued support from our growing community. Stay connected for more developments, and together, let’s keep building the future of DeFi with SyncSwap.
