The Synthetix team has launched the third version of the protocol on the Ethereum mainnet and Optimism layer 2 network.
The Road to Synthetix V3 has officially begun!
Learn more https://t.co/y1CLOG1TRF https://t.co/ZoJukjKQlR pic.twitter.com/6LrCanqZeQ
— Synthetix
(@synthetix_io) February 22, 2023
The v3 protocol was audited by Open Zeppelin, Iosiro and Macro.
Synthetix is a DeFi platform that allows you to raise liquidity and create derivatives markets based on ERC-20 tokens.
The third iteration of the protocol has a more efficient architecture that empowers developers dapps. It is assumed that Synthetix v3 will become the basis for further expansion of the functionality of the platform.
The developers have already prepared integration with Chainlink’s cross-chain solution for cross-chain transactions with stablecoins and have successfully completed several transfers via testnets. In the future, this will create a liquidity level covering an arbitrary number of networks.
According to DeFi Llama, TVL protocol is almost $428 million. Most of the cost comes from Ethereum.
Recall that in February, Synthetix raised $12 million in funding through a direct sale of native SNX tokens.
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