🌋 SyncSwap Announces the Launch of Its V3 with a New Pool Model
posted 2 Jan 2025
Decentralized exchange SyncSwap kicked off 2025 by announcing the launch of SyncSwap V3. The platform’s latest version introduces the Range Pool model for improved capital efficiency, better risk management, and custom price ranges.
SyncSwap launched V3. Source: @syncswap on X
In their announcement on X, SyncSwap mentioned that the new pool model, Range Pool, is available along with 3 other pool models: Classic Pool, Stable Pool, and Aqua Pool.
These pools are designed for different types of experiences. Range Pool supports all kinds of assets, offering flexibility, compatibility, and ease of use.
Classic Pool is for general-purpose swaps, Stable Pool focuses on efficient stablecoin swaps and Aqua Pool is for high-efficiency and fully automated liquidity provision through advanced algorithms.
SyncSwap mentioned their upcoming native token $SYNC. Without revealing much details, the project stated no portion of the tokens would be allocated to VCs emphasizing their community-focused approach.
Powered by zero-knowledge technology, SyncSwap operates on Ethereum L2 scaling solutions zkSync Era, Linea, and Scroll. Currently, its new Range Pool is available only on the ZKsync network and will be gradually deployed onto other networks.
According to the platform, the new pool will increase liquidity, setting a milestone for future developments.
Currently, SyncSwap is the largest DEX on ZKsync Era with a TVL (total value locked) of $23.55 million based on DefiLlama.
