{"id":74572,"date":"2023-02-23T17:10:18","date_gmt":"2023-02-23T15:10:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74572"},"modified":"2025-09-09T20:54:37","modified_gmt":"2025-09-09T17:54:37","slug":"synthetix-launches-third-version-of-its-protocol-on-ethereum-mainnet-and-optimism","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/synthetix-launches-third-version-of-its-protocol-on-ethereum-mainnet-and-optimism\/","title":{"rendered":"Synthetix launches third version of its protocol on Ethereum mainnet and Optimism"},"content":{"rendered":"<p>The Synthetix team launched the third version of the protocol on the Ethereum mainnet and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2 networks<\/a> Optimism.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">The Road to Synthetix V3 has officially begun!<\/p>\n<p>Learn more ?<a href=\"https:\/\/t.co\/y1CLOG1TRF\">https:\/\/t.co\/y1CLOG1TRF<\/a> <a href=\"https:\/\/t.co\/ZoJukjKQlR\">https:\/\/t.co\/ZoJukjKQlR<\/a> <a href=\"https:\/\/t.co\/6LrCanqZeQ\">pic.twitter.com\/6LrCanqZeQ<\/a><\/p>\n<p>\u2014 Synthetix \u2694\ufe0f (@synthetix_io) <a href=\"https:\/\/twitter.com\/synthetix_io\/status\/1628513790139731970?ref_src=twsrc%5Etfw\">February 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Audits of the v3 protocol were conducted by Open Zeppelin, Iosiro and Macro.<\/p>\n<p>Synthetix is a DeFi platform that enables liquidity provision and the creation of derivative markets based on ERC-20 tokens.<\/p>\n<p>The third iteration of the protocol features a more efficient architecture that broadens developers&#8217; ability to build <span data-descr=\"decentralized applications\" class=\"old_tooltip\">dapps<\/span> (decentralized applications). It is expected that Synthetix v3 will serve as the foundation for further expansion of the platform&#8217;s features.<\/p>\n<p>Developers have already prepared cross-chain integration with <a href=\"https:\/\/forklog.com\/en\/news\/what-is-chainlink-link\">Chainlink<\/a> for cross-network transfers of stablecoins and have successfully completed several transfers on testnets. Going forward, this will enable a liquidity layer spanning an arbitrary number of networks.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/protocol\/synthetix\">DeFi Llama<\/a>, the protocol&#8217;s TVL stands at almost $428 million. A large share is on Ethereum.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/iduzF5lHRLa66Y1N4jcgMyvKf15lU8IECcm0xqlhV6Cd4BeL8RcKnN8zMNIKhMAJXCMfuSyTgJrO8qnUf5JyBisBJiFhMhXeVkLwChqDjP-l2WgN6a2dz-x6pEoNwVhy4l252nd-XGdzA8lrcCv0DJ8\" alt=\"Synthetix launches third version of its protocol\"\/><figcaption>Source: DeFi Llama.<\/figcaption><\/figure>\n<p>Earlier, in February, Synthetix <a href=\"https:\/\/forklog.com\/en\/news\/defi-project-synthetix-raises-12-million-in-round-led-by-paradigm-and-coinbase-ventures\">raised $12 million<\/a> in funding via a direct sale of native SNX tokens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Synthetix team launched the third version of the protocol on the Ethereum mainnet and the Layer-2 network Optimism.<\/p>\n","protected":false},"author":1,"featured_media":74573,"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":[1093,1322],"class_list":["post-74572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-synthetix"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=74572"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74572\/revisions"}],"predecessor-version":[{"id":74574,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74572\/revisions\/74574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74573"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}