The project bridges blockchains by offering an extensible internetworking protocol that supports assets, smart contract calls, and more. Using Synapse, blockchains can easily and securely interact with each other. Developers can build truly cross-chain applications, including cross-chain DEXs, lending platforms, margin systems, derivatives markets, yield aggregators, and more.
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Description of the Synapse site
Users can use Synapse to exchange assets between the most widely used EVM-compatible blockchains. Synapse currently maintains the highest liquidity of any other compatibility solution.
Once two-thirds of all validators have collectively signed the same transaction, using their individual key, the network reaches a consensus and sends the transaction to the destination chain.
Work features:
| 1 | The Synapse network is responsible for responding to on-chain events to send transactions to any specific target chain. This directs the liquidity of the network to the right place. |
| 2 | Synаpse AMM — how the assets that make up this liquidity are converted into tokens, native to the chosen destination chain. |
AMM implements a stable replacement algorithm with concentrated liquidity. This is necessary to value and rebalance assets in their inter-chain liquidity pools to ensure that assets move seamlessly between ecosystems with low slippage.
Combining the fastest cross-chain network with AMM, Synapse provides well-balanced liquidity pools between blockchains: cross-chain flows are constantly arbitrated, allowing users to move capital across the blockchain with minimal slippage.
The future of the coin defi site
Synapse is developing a Proof of Stake (PoS) blockchain to secure the protocol's messaging system economically. Once the Synapse Chain is launched, Synapse will no longer require AMM pools on every chain. Instead, it will be able to replace liquidity on the Synapse chain, resulting in improved capital efficiency and a significant reduction in SYN emissions. In addition, Synapse Chain will allow developers to build on Synapse's cross-chain liquidity and create next-generation protocols that can interact with assets no matter what blockchain they are located on.
In addition to its own L1 ecosystem, which will include the usual building blocks of DeFi (e.g. DEXs, lending platforms, derivatives), project Chain will enable new primitives to emerge that offer a unique value proposition of cross-chain functionality. In this vein, the platform will become an integral building block of an entirely new class of internetworking applications.