Syndicate

SYND is for the first time now available on @AerodromeFi on @base. The SYND/WETH pool is open on Aerodrome, emissions are flowing, and the market is building liquidity in real-time. This is what a Community-First Launch looks like.

Impacted users and customers are being made whole, made possible by careful treasury planning for situations like this. We hold ourselves to a high standard when user and customer funds are at risk, and we are committed to meeting that standard going forward.

We plan to introduce hardware-backed or multisig-backed signing for upgrades, with alerting and circuit breakers on the upgrade path itself. This requires changes to our chain upgrade scripts, as well as additional validation.

Syndicate Labs experienced a security incident. A private key compromise enabled malicious upgrades to bridge contracts on two chains, moving ~18.5M SYND and ~$50,000 of tokens from customer chains. All impacted parties are being made whole. Details below ↓

We have identified the root cause of the compromise. The compromise impacted Commons and one customer. We are working with the customer on mitigation steps. We have substantial buffer for these types of issues and are taking steps to make affected users and customers whole.

IMPORTANT: We are investigating a compromise of the Commons bridge. We are tracing the attack and engaging with security firms. We are also looking at options to make people whole. Syndicate has sufficient tokens available to help users who have lost SYND.

We are investigating unusual movements in SYND tokens that may indicate a possible security issue. We recommend avoiding provisioning any liquidity until this is resolved.

Watch @WillPapper's full EthCC talk ↓ youtu.be/XqovnQIEGms?si…

Why didn't custom chains exist 10 years ago? Because wallets and nodes were the same thing. One breaking change meant every user re-syncing for hours or days. Watch @WillPapper at EthCC on why chain customization is only possible now.

SYND Trading Challenge is now live on Kraken

Claim emissions now on Commons Chain ↓ commons.syndicate.io

SYND stakers can now claim Base Pool emissions generated by the appchains they supported in Epoch 4.

The question was never whether execution runs offchain—it already does. It's whether it can be synced, verified, and constrained by onchain guarantees without sacrificing speed.

So teams build custom sync infra: relayers, retry queues, indexers, reconciliation workers, reorg handlers. The sync layer becomes its own distributed system. Most engineering hours go to plumbing, not product.

Real-time crypto apps quietly centralize—not from lack of conviction, but architecture. Order books, perp DEXs, prediction markets need millisecond execution. Fully onchain doesn't just slow them down. It breaks them before they start. ↓