The #Synapse protocol is a cross-chain bridge that enables asset transfer between different blockchains and supports 16 chains, including the #L1 and #L2 networks.
It is a decentralized and permissionless transaction platform and enables core blockchain activities such as asset transfers, swaps, and messaging between L1, L2, and sidechain ecosystems.
The platform ensures cross-chain security using multi-party computation (MPC) and guarantees high security standards using threshold signature schemes (TSS).
The platform's native token, #SYN , is used for staking, protocol and gas fees, incentives and rewards, and governance.
Synapse also charges six types of fees such as exchange, bridge, admin, deposit, withdrawal and validator fees.
Synapse Chain is a PoS-based smart contract platform that secures the protocol's messaging system, and its ecosystem will include core DeFi features such as DEX, derivatives, and lending platforms.
Overall, Synapse Bridge aims to be a safe and efficient way to transfer assets between different blockchains.
