Synthetix Expands to Optimism Superchain with New App Chain
DeFi protocol Synthetix is set to launch its new app chain, SNAXchain, within the Optimism Superchain framework.
The introduction of SNAXchain is designed to act as a central platform for governance and protocol management as Synthetix grows across different chains and Layer 2 solutions.
The development of SNAXchain has been supported by collaborations with Conduit for infrastructure and Wormhole for cross-chain communication.
Optimism’s Superchain infrastructure is anticipated to boost user connectivity and growth for SNAXchain.
READ MORE:
Samsung Invests in Startale Labs Amid Web3 ExpansionThis framework leverages optimistic rollups on Ethereum to cut transaction fees for decentralized apps and is overseen by the Optimism Collective DAO. It includes various chains such as Base, Mode, Zora, Lyra, and Aevo, with OP Mainnet as its core network.
Additionally, Synthetix is entering a new phase of governance, with new councils being nominated through SNAXchain.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japan’s PM Ishiba pushes for 0% tariffs in US trade talks
Share link:In this post: Japanese Prime Minister Shigeru Ishiba calls for a zero tariff deal with the US. On the contrary, President Trump still believes the US should maintain a 10% tariff on Japanese exports to the country. Ishiba cautions against quickly reducing the nation’s consumption tax.
Why Wall Street Won’t Embrace Crypto Without Zero-Knowledge Privacy
Cardano founder Hoskinson accused of hijacking $619 million
Stablecoin bill tanked, Democrats slammed for playing
Trending news
MoreCrypto prices
More
