DeSyn Protocol, a decentralized crypto asset management platform, crossed the $220 million mark in TVL on Saturday, September 14, reaching a new record, according to data from DefiLlama. The protocol’s TVL has increased by over 70% over the past month and more than 40% in the past week alone. DeSyn itself reports nearly $340 million in TVL.
DeSyn allows users to create and manage customized pool-based portfolios with multiple on-chain assets, including tokens, non-fungible tokens (NFTs), and derivatives. The portfolios are created through a smart contract.
The platform currently supports six chains, including Ethereum, Mode, zkLink Nova, Arbitrum, Merlin, and Bitlayer. The latter accounts for nearly 50% of all deposited assets, with over $107 million in TVL. Ethereum and Mode come next with over $35 million each.
The flagship product, DeSyn Liquid Strategy, saw its TVL cross $164 million on Saturday, setting a new record. The product supports three chains, and Bitlayer has the lion’s share with $105 million. Bitlayer-based Wrapped Bitcoin (WBTC) is the most deposited token, with a share of nearly 67%, followed by MBTC, with 22%.
Interestingly, over half of all WBTC deposits came last Thursday and Friday, pushing DeSyn’s USD inflows to record levels.
Another pool-based product, DeSyn Yield, has a TVL of $15 million, down from a record $88.9 million at the end of July.
DeSyn also provides a restaking product, which has over $37 million in TVL, down from a record $45 million at the end of July. The restaking platform supports Ethereum and Arbitrum, but the former one accounts for 99.9% of TVL.
The most deposited token is Renzo staked Ethereum (ezETH), which accounts for nearly 75% of total deposits. The majority of the ezETH liquid staked tokens were deposited on July 28, when DeSyn’s restaking platform experienced record USD inflows.
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