Synthetix Launches Staking on Optimistic Ethereum

2021-4-1 13:37

Synthetix doubles down on Layer 2. 

Synthetix Integrates Optimistic Ethereum 

Synthetix staking is now compatible with Optimistic Ethereum. 

Synthetix announced the update in a blog post, pointing out the improved user experience and expanded features that the Staking product offers over its Mintr tool (Mintr was previously the only way to stake on Layer 2). 

The essential DeFi project, known as a liquidity protocol for synthetic assets, has been running on Optimism’s testnet for several months. Optimism is hoping to make Ethereum more scalable by leveraging Optimistic Rollups, a type of Layer 2 solution that uses a sidechain to send transactions to Ethereum as calldata. Rollups, which also come in the ZK-Rollup variety, are designed to facilitate high-speed and low-cost transactions on top of Ethereum. Optimism is arguably the most anticipated Layer 2 solution. Last week the team postponed its mainnet launch; it’s now slated for July or sometime after. 

Synthetix was the first major DeFi project to adopt Layer 2 Ethereum, though others have joined the race amid rising gas fees. Uniswap announced that it would deploy its smart contracts on Optimism soon after its V3 update goes live. Yesterday, Aave detailed its plans to build on Polygon, which currently uses plasma and a sidechain with its own proof-of-stake consensus algorithm. It will soon support rollups and standalone chains, too. 

With Synthetix Staking live on Optimistic Ethereum, SNX holders can now earn staking rewards, paid in SNX. There are also Synth exchange rewards, paid in sUSD. This synthetic dollar can then be traded for other Synths on the Synthetix exchange, Kwenta. Synthetix supports Synths for gold, Bitcoin, and as of the last few weeks, Tesla, along with various other assets. It gives DeFi users a way to gain exposure to a wide variety of assets from traditional markets in a permissionless way. Once fully realized on Ethereum’s Layer 2, it could be hugely disruptive in the future. 

Synthetix is one of the most popular DeFi protocols, known as a “blue chip” of the ecosystem. It has a market cap of around $2.8 billion, according to CoinGecko. 

Disclosure: At the time of writing, the author of this feature owned SNX, ETH, AAVE, MATIC, and several other cryptocurrencies. They also had exposure to UNI in a cryptocurrency index. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Synthetix Network Token (SNX) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $2.0842
Капитализация $0 Rank 99999
Цена в час новости $ 18.46 (-100%)

optimistic ethereum staking launches synthetix

optimistic ethereum → Результатов: 109


Фото:

Coinbase Wallet Integrates Native Support For Ethereum’s Scaling Solution

Coinbase Wallet has integrated Optimistic Ethereum, a scaling solution for the Ethereum ecosystem that was developed to enable instant transactions and support scalability in Ethereum-based DApps. This will allow Coinbase wallet users to view their balances and send transactions securely on an enhanced system that doesn’t compromise on safety, speed, or user experience. “We’ve integrated […]

2020-10-15 13:39


Фото:

В Coinbase Wallet добавили поддержку решения второго уровня Optimistic Rollup для Ethereum

Разработчики некастодиального криптокошелька Coinbase Wallet интегрировали тестовую сеть Optimistic Rollup. Благодаря решению второго уровня для Ethereum пользователи смогут отправлять более быстрые, дешевые и масштабируемые для dapp транзакции.

2020-10-15 11:20


FTX запустит децентрализованную биржу на блокчейне Solana

Криптодеривативная биржа FTX объявила о запуске децентрализованной биржи (DEX) Serum на блокчейне Solana. Платформа будет совместимой c Ethereum за счет использования решения второго уровня Optimistic Rollup.

2020-7-27 16:09


Santander Exec Praises Blockchain Tech After $20M Ethereum-Issued Bond Redemption

Santander, the Spanish banking group, recently became the subject of a Whale Alert tweet as they redeemed their first blockchain bond on the Ethereum ledger, worth $99,000. With this announcement, there are many cryptocurrency proponents that seem optimistic about the direction of Ethereum’s price, pushing for a bullish reversal. While that reversal has yet to […]

2019-12-11 23:33


IDEX разработала решение для бесконечного масштабирования сети Ethereum

Согласно сделанному заявлению, предлагаемая децентрализованной биржей IDEX система получила название Optimized Optimistic Rollups (O2R). Отмечается, что она работает в 1000 раз быстрее по сравнению с механизмом Optimistic Rollups (ORs), разработанной организацией по развитию масштабируемости Etherum PlasmaGroup, последний блок в которой будет добыт через 2 недели.

2019-11-11 01:19