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Synthetix Defi project has launched an Ethereum solution of the second level of Optimism
Synthetix synthetic assets platform has preliminary launch of the second-level L2 Optimistic Ethereum (OML).
Synthetix Staking Is Now Live Optimistic Ethereum’s L2 Mainnet! @optimismpbc https: // t.Co/ZXGJGHWPW
– Synthetix ⚔️ (@Synthetix_io) January 15, 2021
Synthetix decentralized smart contracts are converted into the Optimistic Virtual Machine format (OVM). Users can steak the native SNX token using a new service.
The developers said that OML is the first scaling solution with the “full-fledged possibility of inter-level transfer of smart contracts without the need to rewrite the code”. This makes Synthetix easily migrate to OVM.
“This first stage of migration was designed for small SNX holders, which can be too obscure to interact with the first-level network due to the high cost of gas,” the Synthetix blog says.
Before migration on a new system, users need to pay off the debt in SUSD to release SNX tokens from stakeing as part of the previous system. After migration, the coins will appear in the second version of the mintr service.
“Optimism interaction will https://gagarin.news/ be similar to the interaction with the first -level system,” the developers emphasized. – After migration on OM, SNX holders will be able to steak coins and release SUSD “.
The developers emphasized that the launch in the main network is a preliminary. This means that errors, malfunctions and other problems are possible. The Optimism project plans to leave the keys to update the system for at least six months, in case of serious problems, quickly react and update the decision.
FORKLOG previously reported the transition of Synthetix to a decentralized control model.
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