The loyalty program aims to incentivize trades and help maximize profits for traders. Traders will be rewarded with the non-transferable SyncSwap Loyalty Token - ySYNC.
Based on volume, the more trading fees generated, the more rewards. Earned ySYNC can be converted to veSYNC tokens periodically.
You will automatically receive 1 ySYNC for every $1 generated in trading fees.
The loyalty program will start with a Genesis Epoch (Epoch 01).
The genesis epoch starts before the token generation event (TGE) of the SYNC token and will keep running until after the TGE is completed (the full launch).
The purpose of the genesis epoch is to bootstrap the early incentive for traders and potentially increase the earning of liquidity providers before the SYNC token is available.
Eligible tokens
The genesis epoch will start with a few eligible tokens that have sufficient liquidity, since there are not many tokens available on the zkSync Era mainnet at this moment.
The eligible tokens are
ETH
USDC
BUSD (Celer Network)
USD+
Start trading eligible tokens to earn ySYNC and share the SYNC rewards!
You can see your loyalty stats, including your earned ySYNC, estimated rewards, total ySYNC supply in the Rewards screen on SyncSwap.
