Synapse Team Reveals Identity and Launches Intent Network
Synapse Team Reveals Identity and Launches Intent Network
🎭 Anonymous No More
Synapse Protocol, previously anonymous, has revealed their team identity in Forbes. Their RFQ bridging system shows impressive metrics:
- 99.75% reduction in bridge time (now 3 seconds)
- 81% cost reduction vs competitors
- 90% volume through RFQ
The newly launched Synapse Intents Network (SIN) introduces:
- Off-chain quote auctions
- Permissionless network with fraud proofs
- Single-transaction multi-action capability
DAO proposals include:
- $3.5M buyback of 5M SYN tokens
- 70% emissions reduction
Next step: Building Cortex Protocol for seamless crypto interactions with AI-powered intent parsing.
There are 4 live intent networks today. All are "First Come, First Served". The first accepted bid automatically wins the auction regardless of if another relayer provides a better price.
Synapse Intents Network is live today! An instant cross-chain market place for any asset and action: - The first permissionless intent network with live fraud proofs - Complex destination state relays(bridge, swap and deposit in 1 tx) - Real time auctions for the best pricing
You're right @PrimordialAA, *most* intent systems are unreliable. One of these is not like the others. 100% fill rates with Synapse. Drop us a note, we'd love to chat about you guys using our intent network.
As reliable as ever — old faithful. Intents are cool but very much suffer at the bounds for stress and liquidity demands. The best systems will likely utilize both approaches. @StargateFinance very well positioned to do this or work with others to do it
Synapse started pseudonymously inspired by Satoshi's vision of a protocol that won on merit. Since 2021, crypto has gone mainstream. Today, we decided to dox ourselves in @Forbes. It's time to be public and show the world what we've been building. forbes.com/profile/cortex…
Synapse Protocol Transitions to Cortex DAO with Token Migration
Synapse Protocol announces its integration into Cortex DAO, with the SYN token migrating to CX. Key Updates: - Synapse Protocol now operates under Cortex DAO governance - SYN token holders will transition to the new CX token - Official documentation available at [Synapse Docs](https://docs.synapseprotocol.com/docs/About/DAO) and [Cortex Docs](https://docs.cortexprotocol.com/) Users should: - Follow @Cortex_Protocol for latest updates - Only trust official channels for migration information - Contact official channels with questions **Security Notice**: Be vigilant against potential scammers during the migration process.
Cortex Protocol Integrates with Synapse for Chain Abstraction
Cortex Protocol is implementing chain abstraction technology powered by Synapse ($SYN), enabling seamless cross-chain operations through AI-managed intelligent accounts. Key features: - Instant intent settlement via Synapse - Zero-click user experience - AI agents managing on-chain actions - Multi-chain transaction capability - Natural language processing for blockchain interactions The system supports multiple networks including Base, Optimism, Ethereum, Polygon, and Arbitrum, with Gnosis Safe integration for enhanced security.
Synapse Bridge Cost Analysis Shows Significant Savings
Recent analysis comparing major cross-chain bridges reveals **Synapse** as the most cost-effective option: - Outperforms competitors on 85 of 100 routes - Averages 87% cheaper than alternatives - Testing covered ETH and USDC transfers - Routes include Ethereum and major L2s The analysis includes detailed methodology and verification code, allowing users to independently confirm results. This follows earlier comparisons showing similar cost advantages across different route combinations. *View full methodology and code: [Synapse Mirror Post](https://synapse.mirror.xyz/mUk-EpaWHW1EJjOOQRpTPeHqT0j1302_2ody80ixdoQ)*