Updated: September 5, 2024, 6:01 AM EDT
DeFi protocol Synthetix is working on launching its app chain, SNAXchain. optimism Office
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As Synthetix expands to more chains and layer 2 solutions, the team announced that SNAXchain aims to serve as a neutral hub for governance and protocol decisions.
The network was developed in partnership with Conduit for chain infrastructure and Wormhole for cross-chain messaging.
The team stated that they expect the optimistic superchain infrastructure to enhance SNAXchain’s user interoperability and drive user growth.
The Optimism Superchain ecosystem chains leverage Optimistic Rollups on top of Ethereum to reduce transaction costs for decentralized applications. The ecosystem is governed by a DAO called Optimism Collective. The ecosystem’s main network is OP Mainnet. Other chains include Base, Mode, Zora, Lyra, and Aevo.
This launch will begin with the nomination of various governance committees, ushering in a new era of governance for Synthetix. The project added that candidates will have to nominate themselves via SNAXchain.
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