According to Odaily, Synthetix, a decentralized finance protocol, is contemplating increasing its base chain deposit limit. The former financial chief of Synthetix, SynthaMan, announced on platform X that Synthetix has once again reached its base chain deposit limit.
In response to this, the Synthetix Spartan Council is currently voting on a proposal to raise the base chain deposit limit from $21 million to $100 million. This move is seen as a strategic decision to accommodate the growing demand and popularity of the platform.
The decision to increase the deposit limit is expected to have significant implications for the platform's users and the broader DeFi ecosystem. However, the final decision is yet to be made as the voting process is still ongoing. The outcome of the vote will determine the future direction of Synthetix's financial strategy.
