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Synthetix Launches Staking on Optimistic Ethereum

Synthetix doubles down on Layer 2.  Synthetix Integrates Optimistic Ethereum  Synthetix staking is now compatible with Optimistic Ethereum.  Synthetix announced the update in a blog post, pointing out the improved user experience and expanded features that the Staking product offers over its Mintr tool (Mintr was previously the only way to stake on Layer 2).  The essential DeFi project, known as a liquidity protocol for synthetic assets, has been running on Optimism’s testnet for several months. Optimism is hoping to make Ethereum more scalable by leveraging Optimistic Rollups, a type of Layer 2 solution that uses a sidechain to send…

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Optimism Postpones Ethereum L2 Scaling Solution Launch

Blockchain startup Optimism has postponed its mainnet network’s launching, which was supposed to go live in March. The new rough estimate for the launch is now July.  Preparing for Coordinated Launch In a blog post, Optimism stated that the launch of the Optimistic Rollup-based Ethereum scaling solution had to be pushed back to allow the Ethereum community to prepare adequately.  “Today, we are announcing that we are delaying the official public mainnet in favour of a more coordinated community launch. Our goal is to make sure that foundational projects, infrastructure providers, block explorers, wallets, and token bridges have time to…

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Ethereum Layer-2 Scaling Solution Optimism Delays Public Mainnet Launch 

The Optimism team has announced that its mainnet launch will no longer take place this month as earlier scheduled, but a July take-off may be possible. The team says the change is in a bid to give its ecosystem partners, projects, wallets and others more time to integrate, audit and test the Ethereum Layer-2 scaling Read More

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Ethereum Scaling Solution Optimism Delays Launch to July

Optimism has delayed its launch date until July. Optimism had originally planned to go live this month. Optimism “Adversaries” Delay Launch In a blog post titled “Optimistically Cautious,” the team wrote that they had set a “rough estimate” for launching in July.  In February, the team announced that it had taken on several new hires after closing a funding round led by a16z. The expansion, they said, would allow them to launch on mainnet in March (before that, March was slated for the public testnet).  Now, the team has cited the potential risks of rushing a launch as a reason…

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Optimistic Rollup Scaling Solution Finally Made It To Ethereum

The optimistic rollup ethereum layer2 scaling solution finally made it to Ethereum to execute faster and cheaper transactions as we are about to read more in the latest Ethereum news. The Ethereum optimistic rollup solution released a limited testnet version of the Layer2 solution and apart from the ZK rollups, this one is the new leading solution for smart contract scalability on ETH. Synthetix Network was the first Defi project to join the testnet and others such as Chainlink and Uniswap followed closely behind. Synthetix Optimism PBC launched the first phase of the layer2 scaling solution for Ethereum and other…

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