Does Synthetix have any plans to expand its network beyond Ethereum blockchain ?
Yes, Synthetix has plans to expand its network beyond Ethereum blockchain.
The Synthetix team is actively exploring the possibility of launching on other blockchains such as Polkadot, Binance Smart Chain, and Avalanche. Synthetix is also working on a cross-chain bridge that will allow users to move their SNX tokens between different blockchains. This bridge will enable users to access liquidity pools and other DeFi applications across multiple chains.
Additionally, the team is exploring the possibility of launching a sidechain solution that would allow for faster transactions and lower fees. The team has also announced plans to launch a Layer 2 solution that would enable users to interact with the Synthetix Network without having to pay Ethereum gas fees. This Layer 2 solution would be built on top of Optimism’s Plasma protocol and would enable users to transact with SNX tokens at much lower costs than what they currently pay on Ethereum.
Overall, Synthetix is actively exploring ways to expand its network beyond Ethereum blockchain in order to provide users with more options for interacting with the platform and accessing its services.
