According to Deep Tide TechFlow news, on June 14, the decentralized finance platform Synthetix announced that it will gradually phase out all Layer-2 deployments on the Base network by July 7, 2025, refocusing on the Ethereum Mainnet, and will disable Base trading and close the LP treasury. The plan will be implemented in phases.
Synthetix stated that the decision to gradually dismantle its L2 deployment stems from ongoing infrastructure instability and fragmented liquidity.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
According to Deep Tide TechFlow news, on June 14, the decentralized finance platform Synthetix announced that it will gradually phase out all Layer-2 deployments on the Base network by July 7, 2025, refocusing on the Ethereum Mainnet, and will disable Base trading and close the LP treasury. The plan will be implemented in phases.
Synthetix stated that the decision to gradually dismantle its L2 deployment stems from ongoing infrastructure instability and fragmented liquidity.