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Synapse ProtocolSynapse Protocolby0x49551C9E8eCaEc17d1EB09bFc42cf47379dC80970x4955…8097

[SIP-26] Deploying Synapse Bridges onto Base Mainnet

Voting ended over 2 years agoSucceeded

Implementation:

I suggest Synapse deploy a stablecoin bridge on day 1 launch of Base mainnet, comprised of nUSD and USDC, with funds sourced from Nima Capital.

Overview:

Base is an open-source, developer-friendly L2 EVM blockchain, built on the MIT-licensed OP Stack. Base is being incubated inside of Coinbase and will serve as both a home for Coinbase’s onchain products and an open ecosystem for permissionless development. Coinbase has partnered with Optimism throughout the inception and launching of Base to help realize the Optimism’s superchain vision. Base testnet is currently live, with docs available here. Mainnet launch is tentatively scheduled for summer 2023.

There is strong potential for Base to generate high TVL on and introduce millions of new users to Synapse because of

(1) Base’s plan to natively integrate with Coinbase products (110 million users) (2) the 50+ dapps that have committed to deploying on Base (3) Base testnet numbers:

- 18K developers deployed 55K smart contracts on testnet in its first week
- 24.5M completed transactions and 2.4M accounts created
- 1.5M holding the Base Builder NFT

For more context: https://forum.synapseprotocol.com/d/472-proposal-to-deploy-synapse-on-base

Off-Chain Vote

Deploy on Base
5.6M SYN98.8%
Do Not Deploy on Base
66.17K SYN1.2%
Quorum:113%
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Discussion

Synapse Protocol[SIP-26] Deploying Synapse Bridges onto Base Mainnet

Timeline

Jul 18, 2023Proposal created
Jul 19, 2023Proposal vote started
Jul 22, 2023Proposal vote ended
Oct 26, 2023Proposal updated