Popular cryptocurrency project Synthetix has launched its updated product on Base, the blockchain issued by the Coinbase exchange.
Synthetix operates on the Base network, the Ethereum Layer-2 (L2) blockchain. 3rd version of permanent contracts (perpetual contracts v3) made available.
In the statement made on the subject, this move allows developers to create new products on Synthetix and Kwenta, polynomial And dHEDGE like Synthetix It was stated that it would facilitate transactions on supported exchanges.
on the other hand V3, USDC, sUSD, sETH And sBTC It will focus on creating a better experience for both investors and developers by offering alternative forms of collateral for liquidity providers, including.
According to Synthetix, it was released last January. perpetuals V2 version, More than $43 billion It created transaction volume and managed to attract the attention of tens of thousands of users.
Founder of Synthetix Kain Warwick In his statement about the latest update, he touched upon the importance of decentralized platforms integrating with central exchanges:
The problem is that we still use centralized infrastructure for most crypto transactions. Most crypto activities do not leverage the decentralized technology we have built. Decentralized platforms must adapt to the cryptocurrency operation on centralized platforms.