The Synapse DAO has received a 2M ARB grant from the Arbitrum DAO. As of today, this grant is worth $3.5M and will be distributed before March 29th.
The objective of this grant is to expand Synapse’s presence in the Arbitrum ecosystem and encourage new users and assets to flow to Arbitrum.
Program Details:
At a high level the following routes are incentivized:
All stables and ETH bridged to Arbitrum
All stables and ETH from Arbitrum bridged to Ethereum Mainnet
All supported GMX routes
Rebates are directly sent to the user’s wallet, no need to claim
**Any of above routes are eligible regardless of bridge module (RFQ, CCTP, Synapse Liquidity Bridge)
Rebates differ based on the bridge path, (1bp = .01%). Rebate numbers are set in accordance with the proposal in such a way to roughly offset protocol fees and an additional bonus for gas & slippage costs.
Synapse Liquidity Bridge(Any chain to Arbitrum)
ETH 4.5bps
Stables 4.5bps
GMX 6bps
Synapse Liquidity Bridge(Arbitrum to Ethereum)
ETH 10.5bps
Stables 12.5bps
GMX 6bps
Synapse CCTP (Any chain to Arbitrum)
USDC 4bps
Synapse CCTP(Arbitrum to Ethereum)
USDC 4bps
Synapse RFQ(Any Chain to Arbitrum)
USDC 5bps
ETH 5bps
Synapse RFQ(Arbitrum to Ethereum)
USDC 5bps
ETH 5bps
All addresses are capped to 2k ARB for the course of the program.
All rebate amounts will be clearly reflected in the Synapse interface, and are sent directly to the user's wallet. Bridge rebates are live until March 29th. More information about the Synapse STIP implementation can be found on the forum.
New routes and tokens may be added. Bridge rebate amounts may also be adjusted, any updates will be posted to this mirror post.
Try it out -
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Here is Synapse’s 3 step plan for world domination in 2024.Build the best bridge.Be the Uniswap of bridging. Fastest, cheapest and everywhere. More on this.Launch the best Interchain NetworkWhat are interchain networks? They’re the most important category in crypto, enabling applications to pass data and money between different blockchains. Like the internet connected all the computers in the world, interchain networks will connect all the chains. If we as an industry solve this problem, we’l...
The most widely used cross-chain messaging system and bridge Join us: http://discord.gg/synapseprotocol
The Synapse DAO has received a 2M ARB grant from the Arbitrum DAO. As of today, this grant is worth $3.5M and will be distributed before March 29th.
The objective of this grant is to expand Synapse’s presence in the Arbitrum ecosystem and encourage new users and assets to flow to Arbitrum.
Program Details:
At a high level the following routes are incentivized:
All stables and ETH bridged to Arbitrum
All stables and ETH from Arbitrum bridged to Ethereum Mainnet
All supported GMX routes
Rebates are directly sent to the user’s wallet, no need to claim
**Any of above routes are eligible regardless of bridge module (RFQ, CCTP, Synapse Liquidity Bridge)
Rebates differ based on the bridge path, (1bp = .01%). Rebate numbers are set in accordance with the proposal in such a way to roughly offset protocol fees and an additional bonus for gas & slippage costs.
Synapse Liquidity Bridge(Any chain to Arbitrum)
ETH 4.5bps
Stables 4.5bps
GMX 6bps
Synapse Liquidity Bridge(Arbitrum to Ethereum)
ETH 10.5bps
Stables 12.5bps
GMX 6bps
Synapse CCTP (Any chain to Arbitrum)
USDC 4bps
Synapse CCTP(Arbitrum to Ethereum)
USDC 4bps
Synapse RFQ(Any Chain to Arbitrum)
USDC 5bps
ETH 5bps
Synapse RFQ(Arbitrum to Ethereum)
USDC 5bps
ETH 5bps
All addresses are capped to 2k ARB for the course of the program.
All rebate amounts will be clearly reflected in the Synapse interface, and are sent directly to the user's wallet. Bridge rebates are live until March 29th. More information about the Synapse STIP implementation can be found on the forum.
New routes and tokens may be added. Bridge rebate amounts may also be adjusted, any updates will be posted to this mirror post.
Try it out -
Synapse LabsAnnouncing the Synapse Explorer
The most advanced bridge explorer to date is here, announcing the Synapse Explorer. The Synapse Explorer is a comprehensive overview of every transaction passed through the Synapse Bridge packed into a user-friendly interface. Utilizing a suite of data indexing and analytics tools built, all relevant information relating to bridging transactions, cross-chain messaging and general analytics can now be viewed in real time. The Synapse Explorer is a step function increase in cross-chain transpar...
Synapse LabsThe Interchain Future is here. Introducing Synapse Interchain Network & Synapse Chain Testnets
In his blog post, Endgame, Vitalik lays out his vision for scaling Ethereum. Ethereum block space is limited & expensive – there is simply not enough compute to run everything on Ethereum. If this problem is to be solved without compromising security, he suggests three components are required: a decentralized settlement layer, low-cost rollups, and an optimistic interchain communication network. Two years later, Ethereum has become that settlement layer, and low-cost optimistic rollups are pl...
Synapse LabsSynapse World Domination Plan: Step 1 - RFQ Bridging
Here is Synapse’s 3 step plan for world domination in 2024.Build the best bridge.Be the Uniswap of bridging. Fastest, cheapest and everywhere. More on this.Launch the best Interchain NetworkWhat are interchain networks? They’re the most important category in crypto, enabling applications to pass data and money between different blockchains. Like the internet connected all the computers in the world, interchain networks will connect all the chains. If we as an industry solve this problem, we’l...
The most widely used cross-chain messaging system and bridge Join us: http://discord.gg/synapseprotocol
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