{"id":34840,"date":"2021-01-16T14:48:36","date_gmt":"2021-01-16T12:48:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34840"},"modified":"2025-08-28T22:26:33","modified_gmt":"2025-08-28T19:26:33","slug":"defi-project-synthetix-launches-ethereum-layer-2-solution-optimistic-ethereum","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/defi-project-synthetix-launches-ethereum-layer-2-solution-optimistic-ethereum\/","title":{"rendered":"DeFi project Synthetix launches Ethereum Layer-2 solution Optimistic Ethereum"},"content":{"rendered":"<p>The Synthetix platform for synthetic assets has begun a pilot launch of Ethereum Layer-2 solution Optimistic Ethereum (O\u039e).<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">Synthetix staking is now live on Optimistic Ethereum\u2019s L2 mainnet! <a href=\\\"https:\/\/twitter.com\/optimismPBC?ref_src=twsrc%5Etfw\\\">@optimismPBC<\/a> <a href=\\\"https:\/\/t.co\/zxGjJghWpW\\\">https:\/\/t.co\/zxGjJghWpW<\/a><\/p>\n<p>\u2014 Synthetix \u2694\ufe0f (@synthetix_io) <a href=\\\"https:\/\/twitter.com\/synthetix_io\/status\/1350208529777393664?ref_src=twsrc%5Etfw\\\">January 15, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>The smart contracts of the decentralized Synthetix platform have been converted to the Optimistic Virtual Machine (OVM) format. Users can stake the native SNX token using the <a href=\\\"https:\/\/staking.synthetix.io\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">new service<\/a>.<\/p>\n<p>The developers stated that O\u039e is the first scaling solution with a \u201cfull inter-layer transfer of smart contracts without the need to rewrite code\u201d. This will allow Synthetix to migrate to the OVM with ease.<\/p>\n<blockquote>\n<p>\u201cThis first phase of migration was designed for small SNX holders who may find interacting with the Layer 1 network prohibitively expensive due to high gas costs,\u201d according to the Synthetix blog.<\/p>\n<\/blockquote>\n<p>Before migrating to the new system, users must burn their debt in sUSD to release SNX tokens from staking under the old regime. After the migration, the coins will appear in the second version of the Mintr service, <a href=\\\"https:\/\/l2.mintr.synthetix.io\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Mintr v2<\/a>.<\/p>\n<blockquote>\n<p>\u201cInteraction with Optimism will be similar to interaction with the Layer 1 system,\u201d the developers stressed. \u201cAfter migrating to O\u039e, SNX holders will be able to stake coins and mint sUSD.\u201d<\/p>\n<\/blockquote>\n<p>The developers stressed that the launch on mainnet is preliminary. This means that there may be bugs, outages and other issues. The Optimism team plans to retain control keys for updates for at least six months to respond quickly and upgrade the solution in case of serious problems.<\/p>\n<p>Earlier, ForkLog <a href=\"https:\/\/u1f987.com\/en\/news\/synthetix-shifts-to-a-decentralized-governance-model\">reported<\/a> on Synthetix&#8217;s transition to a decentralized governance model.<\/p>\n<p>Subscribe to ForkLog\u2019s Telegram news: <a href=\\\"https:\/\/t.me\/forkloglive\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog FEED<\/a> \u2014 all the news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Synthetix platform for synthetic assets has begun a pilot launch of Ethereum Layer-2 solution Optimistic Ethereum (O\u039e).<\/p>\n","protected":false},"author":1,"featured_media":34841,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,46,1179,277,1322],"class_list":["post-34840","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-ethereum","tag-layer-2-solutions","tag-scaling","tag-synthetix"],"aioseo_notices":[],"amp_enabled":true,"views":"53","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34840"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34840\/revisions"}],"predecessor-version":[{"id":34842,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34840\/revisions\/34842"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34841"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}