Overview

Synonym is focused on providing users with unified access to more assets, more opportunities and more chains. Chain and asset selection is a key part of what we do and we’re proud to announce that Synonym is now deployed on Scroll! Scroll is an Ethereum-aligned zkEVM L2 built for security, speed and ease of use. Even better, it does all of this with the core decentralized values of Ethereum at heart. In this article, we’ll cover Scroll, why we deployed there and how you can earn a share of the massive rewards that we’ll be allocating to this launch.

What is Scroll?

As mentioned, Scroll is an L2 built on zero-knowledge (ZK) technology that strikes a powerful balance between security, speed and decentralization. ZK-rollups are a unique type of rollup that provides fast transaction speeds and low fees to users with substantial privacy and security guarantees. After years of development, ZK-rollups are ready for mass scale usage - a huge win for the crypto community overall. Scroll uses an architecture that consists of Relayers, Sequences, Rollers and Coordinators. Together, these components deliver an ideal user experience without some of the security risks that impact other types of rollups.

Synonym & Scroll

Synonym is focused on providing users with the most compelling opportunities available across as many chains as possible. Synonym is currently available on Arbitrum, Ethereum, Base and Optimism - Scroll was the logical next step. We believe that Scroll will continue to develop into a thriving crypto and DeFi ecosystem and that users should have the flexibility to lend and borrow into the ecosystem with assets from any chain. Even better, Scroll has launched Scroll Sessions, a points system designed to reward the community with Scroll Marks for participation and engagement in the Scroll ecosystem. Synonym users will be eligible to receive Scroll Marks by using Synonym to get active in the ecosystem.

Rewards

Synonym is about to distribute significant rewards to users across all Synonym markets and chains. We’ll be distributing 400,000 W (Wormhole) tokens and 400,000 ARB (Arbitrum) tokens to our users in addition to lending yields and SYNO tokens. What does this mean for Synonym users who get active on Scroll? Maximized rewards. There are tons of different ways to earn rewards. For example - users who deposit assets on Arbitrum and borrow assets on Scroll will receive:

• Scroll Marks (points)

• W tokens

• ARB tokens

• SYNO tokens

• Yields

All of these rewards will be tracked and allocated through our own Synonym BIPS (points) program, so get started now! Note: All Scroll Marks will be tracked on the backend and will be distributed to users when Scroll Marks for DeFi go live in later Sessions.

Conclusion

Scroll is an exciting and rapidly growing DeFi ecosystem that all users, regardless of experience level, should be active in. Synonym is the best way to take advantage of Scroll’s growth and unique technology while receiving multiple layers of rewards. Rollup, ZK, cross-chain infrastructure and lending rewards, all from a single cross-chain strategy. Questions? Join the Synonym Community now:https://discord.gg/synonym