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SyncSwap reviews

Founded 2 years ago in 2022.

Use anonymously. No KYC required.

Decentralised exchange.

Open source code can be publicly reviewed.

Reviewed by Yunis
26 July 2023 (Updated 19 April 2024)

SyncSwap Crypto Platform

SyncSwap is an open- source and composable protocol designed to facilitate easy integration and adoption within the zkSync ecosystem. By removing barriers to entry, SyncSwap encourages developers and projects to adopt and build on the zkSync network. It is a powerful decentralized exchange built on Ethereum's future frontier, zkSync 2.0. So, SyncSwap naturally offers low-cost fees while inheriting full security.

SyncSwap was founded in April 2022. There are no open members of this organization. So, we cannot see the team members on the SyncSwap website. Matter Labs is the team behind SyncSwap. He is aware of the critical role of cryptography in protecting freedom. Cryptography, especially zero-knowledge proofs, enables individuals to resist powerful enemies, making it a core technology for public, permissionless blockchains. Matter Labs prioritizes cryptographic solutions to maximize security and insecurity in the system. One of the key principles of Matter Labs is community ownership. They emphasize the importance of open- source all codebases, ensuring transparency and allowing the community to contribute to the development and improvement of the ecosystem. Adopting free open source licenses, Matter Labs enables developers to use their tools and further the cause of freedom.

SyncSwap is rich in features that support pool indicators, custom fee structure, advanced routers, vote-deposit token models and governance, and more. At the same time, this protocol focuses on user experiences; With the newly designed interface and amazing L2 technology, users will enjoy the smoothest trading experience ever more functional. SyncSwap represents a major advance in decentralized finance, leveraging the power of zkSync Era to create a seamless and accessible DeFi experience. By prioritizing freedom, cryptography, community ownership, and neutrality, Matter Labs drives mass adoption of crypto and empowers individuals with financial sovereignty. With SyncSwap, the vision of a user-friendly and low-cost DeFi center is at hand, revolutionizing the way people interact with and benefit from blockchain technology.

The platform's extensive guide and user-friendly interface for developers make integration simple, enabling enterprises to use the protocol's features with barely any effort. It has a number of advantages for businesses searching for simplified data synchronization. First of all, it minimizes manual data entry and removes the possibility of human error, guaranteeing the correctness and integrity of the data. Improved operational effectiveness and productivity follow from this. Additionally, SyncSwap improves data visibility, allowing for improved choices and immediate insight.

The decentralized exchange (DEX), which uses a potent multi-pool design, is the main outcome of the SyncSwap protocol. The SyncSwap DEX design is very adaptable and consists of numerous separate components. On SyncSwap, trading costs can be flexibly changed in response to the state of the market. Trading fees on SyncSwap are consistently competitive when compared to those charged by rival exchanges for smaller deal sizes and closer spreads. In order to maximize profits for liquidity providers and stakeholders, SyncSwap can always use the optimum fee strategy under various market circumstances. Trading is now more effective than ever thanks to SyncSwap.One of the first projects to be audited by AI, SyncSwap's basic contracts have also been examined by OpenAI's GPT4 and received favorable feedback. You can find the audit reports on its website at the security section easily.

SyncSwap is one of the most popular zk projects right now. The project is a brand-new application that places a strong emphasis on user experience and the ZkSync ecosystem, which is still in its infancy.

Pros

tick Built on a promising zk-based Layer2 network

SyncSwap Staking Yields

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SyncSwap Supported Currencies

SyncSwap supports over 4 currencies including Symbiosis.

USDC USDC USDC
WETH WETH WETH
MUTE MUTE MUTE

SyncSwap Key Data

Company
Automatic market maker tick Yes
Year founded 2022
Decentralised tick Yes
Open source tick Yes
Products
Savings accounts tick Yes
Loans cross No
Crypto to crypto exchange tick Yes
Fiat to crypto exchange cross No
Pro exchange marketplace cross No
Peer to peer exchange tick Yes
Margin trading cross No
Futures exchange cross No
Chain agnostic cross No
Security
Know your customer cross No
Credit check cross No
Support
Email support cross No
Phone support tick Yes
Chat support tick Yes
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Unsecured loans cross No

Useful Links

SyncSwap Contact Details

https://syncswap.xyz/

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