Synthetix is about to launch the application chain SNAXchain

BlockBeats news, on September 5, Synthetix announced that it will start a new governance cycle and launch the application chain SNAXchain on Optimism's Superchain infrastructure.

It is reported that the new round of governance committee nominations will start at 5:54:58 on August 31, Beijing time, for a week. Voting will start at 18:50 on September 6, and the new cycle will officially start at 22:46 on September 16. Nominations must be made on SNAXchain, and users must cross-chain a small amount of ETH as gas fees. Voting is still carried out on the chain where users stake SNX. Synthetix said that SNAXchain will serve as a neutral hub for governance and protocol decision-making, and may expand more functions in the future. The project works with Conduit and Wormhole to manage chain infrastructure and implement cross-chain messaging, respectively.

Synthetix emphasized its long-term partnership with Optimism, believing that OP Stack has an excellent contributor and user base, and future interoperability will promote seamless user flow between chains.