DeFi Asset Management Protocol DeSyn Hits Record $220M in TVL

DeSyn Protocol, a decentralized crypto asset management platform, reached a new milestone by crossing the $220 million mark in Total Value Locked (TVL) on September 14, according to DefiLlama. This represents a 70% increase over the past month and a 40% rise in the past week. DeSyn itself reports nearly $340 million in TVL.

The platform allows users to create and manage customized pool-based portfolios with multiple on-chain assets, including tokens, NFTs, and derivatives. It supports six chains, with Bitlayer accounting for nearly 50% of all deposited assets.

DeSyn's flagship product, DeSyn Liquid Strategy, also set a new record with $164 million in TVL, predominantly on Bitlayer. Another product, DeSyn Yield, has seen a decline to $15 million from a record $88.9 million in July. The restaking product has over $37 million in TVL, primarily on Ethereum.