Category: Synthetix

Coinbase Wallet will support Optimism’s Layer 2 testnet

Coinbase Wallet will support Optimism’s Layer 2 testnet

Coinbase’s non-custodial wallet service will today begin offering support for Ethereum scaling project Optimistic Ethereum’s testnet, according to an announcement by Optimism, the startup behind the project. It’s the first tie-up between a popular wallet service and an Ethereum “Layer 2” project based on a technology called Optimistic Rollup.  Optimistic Rollup is a scaling approach […]

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Governance Roundup: What DeFi protocol communities are discussing and debating

Governance Roundup: What DeFi protocol communities are discussing and debating

Quick Take In addition to major feature launches, many protocols have minor parameter decisions (e.g. changing interest rates in MakerDAO) that must be made by token holders Most of the governance happens on forums, where users submit proposals and ideas, and community members give their feedback The first layer of voting is typically informal to […]

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DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase […]

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Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange

Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized Exchange

The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the decentralized finance (defi) application’s Uniswap dominates the $11 billion landscape by over 18%.Just recently, the defi space has touched a few new milestones as the ecosystem’s TVL […]

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