Difference between revisions of "Synapse Protocol (SYN)"
(Created page with "Cross-chain liquidity network, a trustless AMM & bridge ==Basics== *Based in: *Started in / Announced on: *Testnet release: *Mainnet release: ==History== ==Audits & Exploits== *Bug bounty program can be found [insert here]. ===Bugs/Exploits=== ==Governance== ===Admin Keys=== ===DAO=== ===Treasury=== ==Token== ===Launch=== ===Token Allocation=== ===Utility=== ===Other Details=== ===Stablecoin=== ==Coin Dist...") |
m |
||
| Line 1: | Line 1: | ||
[[Cross-chain]] [[liquidity]] network, a [[trustless]] [[Automated Market Makers (AMM)|AMM]] & [[bridge]] | [[Cross-chain]] [[liquidity]] network, a [[trustless]] [[Automated Market Makers (AMM)|AMM]] & [[bridge]]. Also its own optimistic rollup based on Ethereum (28-7-2022). | ||
==Basics== | ==Basics== | ||
| Line 18: | Line 18: | ||
===Token Allocation=== | ===Token Allocation=== | ||
===Utility=== | ===Utility=== | ||
* [https://twitter.com/SynapseProtocol/status/1552665926209871880 Became] an incentive token for its rollup (28-7-2022): | |||
''"How does Synapse’s optimistic verification system secure itself? Enter SYN — the economic incentive for the system’s [[Off Chain|off-chain]] actors to reach consensus on the validity of cross-chain transactions. Notaries are required to bond SYN to attest to outgoing transactions. Similarly, guards have to stake SYN in order to prevent griefing attacks, a process that regular holders will be able to participate in via [[Delegated-Proof-of-Stake (DPoS)|DPoS]]. Dishonest behavior results in SYN being [[Slashing|slashed]]."'' | |||
===Other Details=== | ===Other Details=== | ||
===Stablecoin=== | ===Stablecoin=== | ||
| Line 25: | Line 30: | ||
*Code can be viewed [https://github.com/synapsecns here]. | *Code can be viewed [https://github.com/synapsecns here]. | ||
===Implementations=== | ===Implementations=== | ||
*Built on: | *Built on: its own optimistic rollup based on Ethereum ([https://twitter.com/SynapseProtocol/status/1552665926209871880 28-7-2022]) | ||
*Programming language used: | *Programming language used: | ||
====Transaction Details==== | ====Transaction Details==== | ||
| Line 31: | Line 36: | ||
*[[Latency]]: | *[[Latency]]: | ||
===How it works=== | ===How it works=== | ||
* From the chain [https://twitter.com/SynapseProtocol/status/1552665926209871880 announcement] (28-7-2022): | |||
''"Synapse Chain is designed as an [[Ethereum (ETH)|Ethereum]]-based [[Rollups|optimistic rollup]]. By leveraging Synapse’s messaging system and [[bridge]], Synapse Chain will become the organizational hub of all [[Cross Chain|cross-chain]] activity. Rather than deploy your [[Decentralized Applications (DApps)|dapp]] on ten different chains, why not deploy it on the bridge protocol that’s already connected to every chain? With Synapse Chain, a dapp’s business logic can be hosted on a single execution environment, while simultaneously being able to communicate with all other blockchains. This means "multi-chain" transactions happen atomically, meaning directly on the chain itself.'' | |||
===Fees=== | ===Fees=== | ||
* Upon launch of the chain, gas will be paid in [[Ethereum (ETH)|ETH]], but the [[Decentralised Autonomous Organisation (DAO)|DAO]] may explore ways to tie usage of the chain to SYN (28-7-2022). | |||
===Upgrades=== | ===Upgrades=== | ||
===Mining=== | ===Mining=== | ||
Revision as of 04:59, 1 August 2022
Cross-chain liquidity network, a trustless AMM & bridge. Also its own optimistic rollup based on Ethereum (28-7-2022).
Basics
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
Utility
- Became an incentive token for its rollup (28-7-2022):
"How does Synapse’s optimistic verification system secure itself? Enter SYN — the economic incentive for the system’s off-chain actors to reach consensus on the validity of cross-chain transactions. Notaries are required to bond SYN to attest to outgoing transactions. Similarly, guards have to stake SYN in order to prevent griefing attacks, a process that regular holders will be able to participate in via DPoS. Dishonest behavior results in SYN being slashed."
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found [insert here].
- Code can be viewed here.
Implementations
- Built on: its own optimistic rollup based on Ethereum (28-7-2022)
- Programming language used:
Transaction Details
How it works
- From the chain announcement (28-7-2022):
"Synapse Chain is designed as an Ethereum-based optimistic rollup. By leveraging Synapse’s messaging system and bridge, Synapse Chain will become the organizational hub of all cross-chain activity. Rather than deploy your dapp on ten different chains, why not deploy it on the bridge protocol that’s already connected to every chain? With Synapse Chain, a dapp’s business logic can be hosted on a single execution environment, while simultaneously being able to communicate with all other blockchains. This means "multi-chain" transactions happen atomically, meaning directly on the chain itself.
Fees
- Upon launch of the chain, gas will be paid in ETH, but the DAO may explore ways to tie usage of the chain to SYN (28-7-2022).
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
(:
Knowledge empowers all and will help us get closer to the decentralized world we all want to live in!
Making these free wiki pages is fun but takes a lot of effort and time.
If you have enjoyed reading, tips are appreciated :) This will help us to keep expanding this archive of information.
