↔️Conversion

Stabilizing $BYN and get more $NLP.

BYN is a native token for the previous protocol in the Ethereum network.

BYN token can be converted to new NLP token via Conversion

*100 $BYN equals to 1 $NLP and once you stake your $BYN

*Users will receive $esNLP, an escrowed version of $NLP and will be vested in the course of a year.

*Converted BYN will be burnt to reduce the supply of $BYN

Why are we doing this?

The ultimate reason in doing this is to "reduce" the supply of $BYN without sacrificing the incentives we can provide to new users coming into the platform. To be more specific, it would be the following:

1. Provide new incenitves for ZK Sync Defi Users

2. Stabilize $BYN with a better tokenomics that is organic.

3. Provide $BYN holders different chances of making profit

<How to use>

Step 1: Connect Wallet

Step 2: Approve

Step 3: Input how many $BYN you are going to convert to $NLP

Step 4: You will receive $esNLP and be able to claim the $NLP.