Tokens
Tokens breakdown
Last updated
Tokens breakdown
Last updated
There are 4 major tokens in the protocol (visit the for more details)
SYNO - the protocol token
tSYNO - locked SYNO for users who want to convert their NEWO tokens to SYNO tokens
rCT - rewards claim token - veNEWO holders who converted their NEWO tokens to SYNO tokens, can receive also rCT tokens
vlSYNO - locked Balancer ETH-SYNO LP tokens
A standard ERC20 token
A non-transferable ERC20 token. Earns a portion of the protocol fees (visit for more details)
vlSYNO.stake(...)
Allows users to lock their Balancer ETH-SYNO LP tokens for a certain period of time
Params
amount
lockPeriod - ONE_MONTH | THREE_MONTHS | SIX_MONTHS | TWELVE_MONTHS
the longer the lockPeriod, the more bonus fees it earns, visit the for more details
vlSYNO.requestUnstake(...)
Initiates the unstaking process, which involves a 7 days cooldown period. After you request an unstake, you have to wait at least 7 days to be able to unstake your vlSYNO and receive your LP tokens
Params
index - the index of the sake to be unstaked. Can be retrieved from the vlSYNO.Staked events
vlSYNO.unstake(...)
Finalizes the unstaking process initiated by vlSYNO.requestUnstake(...). Retrieves the LP tokens and returns them to the user.
Params
index - the index of the sake to be unstaked. Can be retrieved from the vlSYNO.Staked events
vlSYNO.restake(...)
When a vlSYNO stake expires, it no longer earns bonus APY, instead of unstaking it, waiting 7 days cooldown period and then staking it again, a user can immediately restake it.
Params
index - the index of the sake to be restaked. Can be retrieved from the vlSYNO.Staked events
This smart contract allows users to convert their NEWO tokens to tSYNO and rCT tokens.
TokenConverter.ClaimInput
The input for TokenConverter.convertWithProof(...) function. The input values must match the merkle tree leafs:
amount
must be lesser or equal to rCTCap/multiplier
this much NEWO will be converted to tSYNO
proof - merkle tree proof
index - merkle tree index
rCTCap
multiplier
TokenConverter.convertWithProof(...)
This function converts NEWO to tSTYNO and rCT tokens
This function should called once only. If you want to convert your NEWO in stages, use TokenConverter.convert(...) for subsequent conversions
It's required to use this function if the user is eligible to rCT tokens
Params
ethereumClaim - a proof of rCT eligibility from Ethereum
avalancheClaim - a proof of rCT eligibility from Avalanche
disclaimerSignature - a signed disclaimer (TokenConverter.disclaimer)
TokenConverter.convert(...)
This function converts NEWO to tSTYNO and rCT tokens
For users who are veNEWO stakes and called TokenConverter.convertWithProof(...) first
For all the other users
Params
network
The origin network for the NEWO you want to convert
ITokenConverter.Network: ETHEREUM | AVALANCHE
amount
this much NEWO will be converted to tSYNO
if you are eligible to rCT tokens and called TokenConverter.convertWithProof(...) previously, you'll receive rCT tokens as well.
disclaimerSignature - a signed disclaimer (TokenConverter.disclaimer)
tSYNO.unstake(...)
tSYNO tokens will be converted to SYNO tokens when unstaked. If unstaked before the lock period elapses, a penalty is applied. The penalty starts at 90% and decreases linearly to 0% over the lock period. The penalty is transferred to the protocol treasury.
Unstaking tSYNO tokens will result in permanently burning corresponding rCT tokens.
Params
amount
For every asset distributed by the protocol to the users (rewards, emissions, yield) there is a RewardsDistributor instance.
RewardsDistributor.claim(...)
Allows to claim rewards for multiple epochs
Params
inputs - a list of merkle tree proofs (RewardsDistributor.ClaimInput) for the distribution claims
Should be only called if the user is eligible to rCT token (veNEWO stakers, visit the for more details)
If your are eligible to rCT token (veNEWO stakers, visit the for more details), call TokenConverter.convertWithProof(...) first.
A non-transferable ERC20 token. Earns a portion of the protocol fees (visit for more details). Can be obtained through NEWO token conversion through tSYNO.unstake(...).
If you have a suprplus of tSYNO tokens over your vlSYNO allowance, unstaking them will not result in burning rCT tokens (visit the for more details)
A non-transferable ERC20 token. Earns a portion of treasury yield (visit for more details). Only staked rCTs earn the yield. You can stake/unstake any time with rCT.stake() and rCT.unstake().