πΊοΈRoadmap
Big plans - stay tuned.
Features
Synonym enables seamless cross-chain lending and borrowing transactions without the need for additional interfaces or external bridges. All actions are completed from a singular UI that is powered by the Wormhole cross-chain messaging stack. At launch, users will be able to complete the following actions:
Deposit & Lend (earn yield by lending or borrowing assets)
Borrow (at competitive cross-chain rates)
Withdraw (enhanced by Circle CCTP-enabled USDC)
Repay (enhanced by Circle CCTP-enabled USDC)
The remainder of our roadmap includes significant feature additions, including but not limited to:
Security and performance improvements that mirror the development of the underlying Wormhole stack
Tokenized debt
Internal collateral swaps (limits impacts of liquidations)
Unified multi-asset borrowing
Factory isolated markets with user assigned LTVs and market parameters
Support for intents-based architectures
Have features and tools you want to see built into Synonym? Let us know in the Discord.
Chains
Synonym will launch first on Arbitrum, Optimism and Ethereum Mainnet. We are rollup and modularity focused and will prioritize rollup ecosystems with promising DeFi activity for new chain deployments. We will announce new chain deployments via Twitter and Discord.
Assets
Our asset roadmap progresses from standard bluechip assets through to longer tail and exotic assets over time. At launch, Synonym will provide access to assets like WETH, WBTC, WSTETH, USDC and more. In our second cohort of assets we will be prioritizing LSTs from multiple partners, including Redacted. After our LST cohort is live, future asset listings will include:
LRTs & Restaked Assets
Cosmos Ecosystem Assets
Wrapped DeFi strategies
Tokenized Yield Vaults
Infrastructure
Synonym works in parallel with the Wormhole Foundation and Circle to ship support for the latest Wormhole and USDC features across our markets. Synonym was one of the first teams to build on top of Wormholeβs Automatic Relayer system and will continue to be early on cutting-edge cross-chain features. Moreover, weβre committed to the future of unified stablecoin liquidity and are prioritizing CCTP-enabled USDC everywhere in our deployments. Weβll add planned infrastructure updates here as soon as theyβre available - stay tuned!
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