Synthetix Expands to Optimism Superchain with New App Chain
05.09.2024 21:30 1 min. read Alexander Stefanov
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.
This 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.
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