Synonym Finance: The Ultimate Universal Money Market

DeFi Revelations Podcast

Synonym Finance is a crosschain-native credit layer. Users can access money markets across multiple chains, unburdened by the fragmentation present in the EVM ecosystem.
In this episode, our host, Kirk, head of BD at Revelo Intel, has on Beachball, Core Contributor at Synonym. We discuss everything from the protocol's multi and crosschain framework, the role of a native token, future plans for the project, & more! Let's get into it...
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🔗 Project Links 🔗
Synonym Website 👉 https://app.synonym.finance/
Synonym X 👉 https://x.com/synonymfinance
Beachball X 👉 https://x.com/0xbeachball
⏲ Time Stamps ⏲
00:00 - Intro
01:37 - Guest Intro
04:40 - Previous Merger with New Order DAO
06:43 - Synonym Finance Origins
09:33 - Thought Process Behind Hub & Spoke Model
13:21 - Competition Between Cross-chain Protocols
17:16 - How Synonym Assesses Risk
19:24 - What Assets Do the People Want?
21:29 - Difficulties Integrating Different LP tokens?
28:01 - Role of the Synonym Token
31:12 - Managing Risk of Using Wormhole
33:47 - Future Plans
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📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
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