Syndicate's Community Token Launch Makes Waves
SYND's launch model uses MetaDEX incentives to supercharge early liquidity.
Syndicate, a flexible “community-owned” appchain L2 that gives developers and their communities control over network operations, made a splash this week as it deployed its native SYND token using a never-before-seen model.
Although the network associated with SYND is undeniably novel, the immense paydays scored by Aerodrome governance participants have taken the spotlight.
The SYND saga is already reshaping how crypto approaches new token launches, underscoring the pivotal role of liquidity incentives and elevating the short-term advantages token teams can gain by partnering with onchain MetaDEXs for yield subsidies.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
