# Synonym finance cross-chain Lending platform trending🔥

**Published by:** [nanobro](https://paragraph.com/@nanobro/)
**Published on:** 2024-02-08
**URL:** https://paragraph.com/@nanobro/synonym-finance-cross-chain-lending-platform-trending

## Content

Introducing @synonymfinance cross-chain Lending platform trending🔥 ✅ Launched 1 hour ago TVL $1m > Now $8.77m ✅ Raised funds and built with @wormholecrypto We can deposit various coins on @Optimism and borrow on @arbitrum. It's a cross-chain usage anticipating wormhole's airdrop. The yield is strong, but realistically it may not reach even 25%. That's still pretty good though ✅ We can deposit and borrow to increase yield and reduce risk.There is no airdrop but there is emission, which is immediately strong upon deposit and can be sold immediately. When using Synonym, we will receive $SYNO.We can deposit $syno and $eth into balancerfor LP Then lock LP to boost APY Path to deposit LP https://app.balancer.fi/#/arbitrum/pool/0xeb3e64ad9314d20bf943ac72fb69f272603f9cce0002000000000000000004f5 Maximum lock period is 15 monthsPath to lockhttps://app.synonym.finance/lockRight now, as I write, $syno is priced around ~0.126.fdv $126m. emission 15 months and there is tSYNO which gradually unlocksSo, I don't recommend locking syno yet. It's better to sell it for yield. Keeping the price low, you can buy syno for short-term locking, or whatever you think is best. Personally, I don't like locking for too long,but it might affect airdrop distribution.👉 $worm > $Syno > Those who lock vlSYNO. reward will come every epoch, every week. My actual APY is 36%. Notice that the assets are similar but different chains, the rewards are not the same. OP ETH has the highest yield because fewer people are utilizing it. For those looking to try wormhole, I recommend trying all chains (except ETH because gas is expensive).So let's go, try Synonym out. ✅ Receive yield syno ✅ Hope for airdrop wormhole https://app.synonym.finance/Enjoy this? follow for more at @gadgeteerth @0x_nanobroSubscribe

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