DeSyn Protocol, a decentralized asset management and restaking platform, has reached a significant milestone with its total value locked (TVL) surpassing $1 billion, according to DefiLlama data. This marks a substantial increase from $220 million in mid-September, positioning DeSyn among the top 40 DeFi applications by TVL.

The protocol offers diversified passive income opportunities across eight major blockchains, with Bitlayer contributing a third of its TVL. DeSyn's product offerings include Simple Deposit, Liquid Fund, and Basis Trading pools, catering to various investor strategies. The recent surge in TVL underscores the platform's growing influence in the DeFi sector.