The v3 launch marks the DeFi protocol’s first big product rollout after a governance overhaul in October.
Synthetix has launched its v3 liquidity platform on Arbitrum, an Ethereum layer-2 after a series of product delays prompted a governance overhaul at the decentralized finance (DeFi) protocol, Synthetix told Cointelegraph on Oct. 24.
Kwenta, a perpetuals exchange, will be the first DeFi protocol on Arbitrum to use Synthetix’s v3 liquidity infrastructure, Synthetix said.
Synthetix, which specializes in providing liquidity for decentralized exchanges (DEXs), is betting that accepting multiple token types as trading collateral will differentiate v3 in Arbitrum’s competitive DeFi ecosystem.
