Monthly Community Report, June 2023

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Last updated 1 year ago

Monthly Community Report, June 2023

This report provides a comprehensive overview of the activities that took place during the month of June. It highlights various partnerships, product launches, giveaways, and community initiatives. As we move into July, we anticipate an even more exciting period for SyncSwap

SyncSwap MOVE Launch

SyncSwap successfully launched the MOVE bridge, which allows users to onboard ETH mainnet tokens that are not currently whitelisted in the zkSync official bridge. This includes popular tokens like USDT and WBTC. A complete list of supported tokens can be found on the MOVE website. MOVE is powered by the zkSync official bridge.

SyncSwap x OpenOcean

SyncSwap formed a partnership with OpenOcean, a prominent DEX aggregator. This integration enables users to access enhanced liquidity for trading in the zkSync Era using the SyncSwap route. To celebrate the collaboration, a giveaway was held from 06/06 to 20/06, with a prize pool consisting of $500 and 5 hardware OpenOcean wallets.

SyncSwap x Taho

In another partnership celebration, SyncSwap collaborated with Taho. Users who performed swaps on SyncSwap using the Taho wallet were rewarded with a 3-week giveaway featuring varying prize pools.

SyncSwap Top5 Stable Pools

As of 11/06, SyncSwap's Top5 stable pools achieved significant values in both TVL (Total Value Locked) and APR (Annual Percentage Rate). The latest data as of 1/07 shows even more impressive growth.

SyncSwap x TaskOn

During the zkSync Grand Carnival week, SyncSwap actively participated and offered users the opportunity to claim a share of a limited CAP of 30K without any gas fees. This promotion was valid from 12/06 to 22/06.

SyncSwap x CVI

SyncSwap proposed a collaboration with CVI and the community voted in favor with a 100% passing rate. As a result, the GOVI - ETH liquidity migrated to SyncSwap, and $GOVI was listed on the platform. This collaboration is a significant step towards deploying CVI on the zkSync Era.

SyncSwap x Taho Giveaway 3

Following the successful completion of the second giveaway in partnership with Taho, SyncSwap launched the third giveaway, featuring an increased reward pool and more winners.

Deployment of Curve Finance crvUSD on zkSync Era and SyncSwap

With the assistance of SyncSwap MOVE, users can now bridge crvUSD between the ETH mainnet and zkSync Era. This enables efficient trading and liquidity provision for an enhanced trading experience.

SyncSwap x TiTi Protocol Integration

TiTi Protocol, the creator of the first-ever use-to-earn stablecoin TiUSD, has partnered with SyncSwap. Trading of $TiTi and $TiUSD, along with other tokens, is now available on SyncSwap. Users can enjoy low fees and gas refunds.

SyncSwap DAO

The DAO feature was launched on Testnet to enable users have a first hand experience of the working mechanism and perform thorough testing before Mainnet deployment. This will increase community understanding on its utilities and how it can be beneficial

Features:
veSYNC - Convert your TEST to veTEST to get voting powers / redeem back
Dividends - Stake your veTEST to earn from protocol revenues
Vote - Vote for your favorite pools to direct reward emissions
Boost is now available, veTEST holders can stake their veTEST to boost pool rewards up to 2x.
- Reward APRs are now showing in a range from 1x (without boost) to 2x (with max boost).
Vote for pools to direct $TEST reward emissions and earn from bribes & Stake your LP position into vaults to earn $TEST rewards.
You can switch to zkSync Era Testnet and try it now! SyncSwap DAO

DAO Contract Audit

The SyncSwap DAO contract has undergone a comprehensive audit by MetaTrust Labs. The audit results can be found at: Audit report

June was a remarkable month for SyncSwap, marked by exciting partnerships, new product launches, giveaways, and community initiatives. These developments have further strengthened SyncSwap's position in the DeFi space and provided users with enhanced trading and financial opportunities. As we move forward into July, SyncSwap is poised for even greater achievements.

PreviousMonthly Community Report, May 2023 NextMonthly Community Report, July 2023

Last updated 1 year ago

This report provides a comprehensive overview of the activities that took place during the month of June. It highlights various partnerships, product launches, giveaways, and community initiatives. As we move into July, we anticipate an even more exciting period for SyncSwap

SyncSwap MOVE Launch

SyncSwap successfully launched the MOVE bridge, which allows users to onboard ETH mainnet tokens that are not currently whitelisted in the zkSync official bridge. This includes popular tokens like USDT and WBTC. A complete list of supported tokens can be found on the MOVE website. MOVE is powered by the zkSync official bridge.

SyncSwap x OpenOcean

SyncSwap formed a partnership with OpenOcean, a prominent DEX aggregator. This integration enables users to access enhanced liquidity for trading in the zkSync Era using the SyncSwap route. To celebrate the collaboration, a giveaway was held from 06/06 to 20/06, with a prize pool consisting of $500 and 5 hardware OpenOcean wallets.

SyncSwap x Taho

In another partnership celebration, SyncSwap collaborated with Taho. Users who performed swaps on SyncSwap using the Taho wallet were rewarded with a 3-week giveaway featuring varying prize pools.

SyncSwap Top5 Stable Pools

As of 11/06, SyncSwap's Top5 stable pools achieved significant values in both TVL (Total Value Locked) and APR (Annual Percentage Rate). The latest data as of 1/07 shows even more impressive growth.

SyncSwap x TaskOn

During the zkSync Grand Carnival week, SyncSwap actively participated and offered users the opportunity to claim a share of a limited CAP of 30K without any gas fees. This promotion was valid from 12/06 to 22/06.

SyncSwap x CVI

SyncSwap proposed a collaboration with CVI and the community voted in favor with a 100% passing rate. As a result, the GOVI - ETH liquidity migrated to SyncSwap, and $GOVI was listed on the platform. This collaboration is a significant step towards deploying CVI on the zkSync Era.

SyncSwap x Taho Giveaway 3

Following the successful completion of the second giveaway in partnership with Taho, SyncSwap launched the third giveaway, featuring an increased reward pool and more winners.

Deployment of Curve Finance crvUSD on zkSync Era and SyncSwap

With the assistance of SyncSwap MOVE, users can now bridge crvUSD between the ETH mainnet and zkSync Era. This enables efficient trading and liquidity provision for an enhanced trading experience.

SyncSwap x TiTi Protocol Integration

TiTi Protocol, the creator of the first-ever use-to-earn stablecoin TiUSD, has partnered with SyncSwap. Trading of $TiTi and $TiUSD, along with other tokens, is now available on SyncSwap. Users can enjoy low fees and gas refunds.

SyncSwap DAO

The DAO feature was launched on Testnet to enable users have a first hand experience of the working mechanism and perform thorough testing before Mainnet deployment. This will increase community understanding on its utilities and how it can be beneficial

Features:
veSYNC - Convert your TEST to veTEST to get voting powers / redeem back
Dividends - Stake your veTEST to earn from protocol revenues
Vote - Vote for your favorite pools to direct reward emissions
Boost is now available, veTEST holders can stake their veTEST to boost pool rewards up to 2x.
- Reward APRs are now showing in a range from 1x (without boost) to 2x (with max boost).
Vote for pools to direct $TEST reward emissions and earn from bribes & Stake your LP position into vaults to earn $TEST rewards.
You can switch to zkSync Era Testnet and try it now! SyncSwap DAO

DAO Contract Audit

The SyncSwap DAO contract has undergone a comprehensive audit by MetaTrust Labs. The audit results can be found at: Audit report

June was a remarkable month for SyncSwap, marked by exciting partnerships, new product launches, giveaways, and community initiatives. These developments have further strengthened SyncSwap's position in the DeFi space and provided users with enhanced trading and financial opportunities. As we move forward into July, SyncSwap is poised for even greater achievements.