Lend $SYND on Teller to Earn 22% Compounding Yield
gsynd!
Are you holding $SYND on Base?
You can now lend directly on Teller and earn 22% APY. There’s no impermanent loss, no LST exposure, no pairing, and no lockups.
Just your $SYND, earning more $SYND without giving up control of your position.
How Does Teller Work?
Teller was built around a simple idea: long-tail tokens deserve their own native yield.
The process is transparent and onchain. The terms are set per pool. And once you lend, you earn yield automatically whenever a loan is repaid. To bootstrap liquidity, reward emissions are currently 22% on $SYND. As borrowing activity increases, so does the yield.
Teller was built for Base token holders who want to stay positioned and still generate returns.
What is SYND?
The SYND token is the native gas token of the Syndicate Network, a dedicated L2 where all appchain sequencing logic lives onchain as smart contracts ("Smart Sequencers").
It serves as the utility token to power appchains, facilitate transactions, and is used for staking to direct emissions and ultimately secure the network through proof-of-stake.
SYND holders also have governance rights, allowing them to vote on key decisions and shape the network's future.
Key Functions of the SYND Token:
- Gas Token: SYND is used to pay for transactions and power the Syndicate Network's appchains.
- Staking: Token holders can stake SYND to earn emissions from pools designed to reward participation in the ecosystem, including backing successful appchains.
- Governance: Holders can participate in the Wyoming Decentralized Unincorporated Nonprofit Association (DUNA) to vote on treasury allocations, protocol upgrades, and strategic initiatives.
- Network Security: As the Syndicate Network decentralizes, SYND will increasingly secure the network through a proof-of-stake model.
- Decentralization: The token supports the core mission of Syndicate by empowering its user base and giving them a direct stake in the platform's future.
Start Growing Your $SYND Position
Teller’s isolated lending pools bring a new utility to $SYND without forcing a choice between holding and earning.
No need to swap, stake, or monitor charts. Spot exposure stays intact while the position compounds in the background.
Deposit $SYND = Earn $SYND.
It’s as simple as that.
How to Start Earning $SYND
2. Connect your wallet and switch to Base
3. Select the $SYND lending pool
4. Deposit and start earning 22% APY on your $SYND
Get started here: https://app.teller.org/base/earn