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Binance Sign Up Promotion

Synonym

Synonym is a universal cross-chain credit layer for busy DeFi Professionals. They're building the cross-chain lending and borrowing experience that users deserve, powered by the Wormhole cross-chain technology stack. Users can earn yield, borrow, repay and withdraw from any chain, all from a single unified interface.

Synonym is running a BIPS points campaign where users can earn free SYNO and other multichain ecosystem rewards. You can earn free BIPS by depositing, borrowing and through vlSYNO Locks. vlSYNO is an advanced LP locking mechanism designed to establish deep liquidity for the Synonym ecosystem overall.

Step-by-Step Guide:
  1. Visit the Synonym website.
  2. Connect your wallet.
  3. You can earn free BIPS by depositing and borrowing on the money market.
  4. Additionally, users can earn more BIPS using vlSYNO Locks.
  5. For every dollar supplied per day, you will earn 1 BIP.
  6. For every dollar borrowed per day, you will earn 2 BIPS.
  7. You can also earn 0.5 BIPS per vlSYNO per day.
  8. For more information about the airdrop, visit this official airdrop document.
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Synonym Airdrop January 2024
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Synonym has confirmed to launch their own token called “SYNO” and is rewarding testnet participants. Users who testnet actions and provide feedback will get free SYNO tokens at launch.

Step-by-Step Guide:
  1. Visit the Synonym testnet page.
  2. Connect your wallet.
  3. Change the network to Arbitrum, Ethereum or Optimism Goerli.
  4. Get testnet ETH from here.
  5. Now visit Uniswap, connect your wallet, go to settings and enable testnets.
  6. Now connect to your desired testnet and swap some testnet ETH for WETH.
  7. Go back to Synonym and supply some WETH.
  8. Now borrow some USDC.
  9. Try to repeat the transactions on all available networks.
  10. Submit your details to this feedback form.
  11. Users who complete testnet actions and submit feedback will receive free SYNO at launch.
  12. For more information regarding the testnet campaign, see this article.
  13. Wormhole cross-chain technology powers Synonym, so you could also thereby become eligible for the Wormhole speculative airdrop.
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Overview