We are thrilled to lead the seed round for Synonym Finance along with prominent VCs and institutions including Robot Ventures, BigBrain Holdings, Wormhole Cross-Chain Fund (operated by Borderless Capital) Marshland Digital assets, Veris Ventures and angels from Arbitrum, JonesDAO & Renzo Protocol.

Why cross-chain lending?

The future of blockchain is moving towards several execution layers in the form of alt-L1s, ETH L2s, and Eigenlayer AVSs. But this future comes along with a fragmented user experience and siloed liquidity limited in its capabilities.

Synonym is building a cross-chain money market where users can lend their assets on one supported chain and borrow against them on another chain, allowing them to seamlessly move liquidity across chains using the Wormhole inter-chain messaging stack. This aligns perfectly with our Cross-Chain Ecosystem Fund thesis, as the next generation of DeFi markets will have to be built on cross-chain foundations in order to offer the deepest liquidity to users.

Building a Cross-chain DeFi ecosystem

Before ts Mainnet launch Synonym has already secured close partnerships and collaborations to key DeFi projects via its merger with NewOrder DAO, such as Redacted Cartel, Pirex, Dinero and Hidden Hand. As well as key support from cross-chain advocates in Arbitrum and Wormhole ecosystems

Exploring The Synonym Ecosystem

While Synonym’s core liquidity hub is on Arbitrum, using Circle’s CCTP it allows borrowers to access native liquidity by allowing minting and burning of $USDC token across several connected chains. This further improves the UX for the end user making the entire borrowing experience feel especially seamless

https://x.com/synonymfinance/status/1745927885058085207?s=20

Unified Liquidity Endgame