Synapse Protocol
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synapse API
Welcome to Synapse
What is Synapse?
Synapse is a universal cross-chain liquidity network.
Synapse connects blockchains by offering an extensible cross-chain communication protocol that supports assets, smart contract calls, and more. By leveraging Synapse, blockchains can easily and securely interoperate with each other and developers can build truly cross-chain applications including cross-chain DEX, lending platforms, margining systems, derivatives markets, yield aggregators, and much more.
The first application built using this cross-chain protocol is the Synapse Bridge, which uses AMMs deployed across 15+ EVM and non-EVM blockchains to help users seamlessly transfer assets between all chains.
Today, users can use Synapse to swap assets across the most widely used EVM compatible blockchains. Synapse currently supports the deepest liquidity out of any of the other interoperability solutions.
The Synapse Network
The Synapse network is secured by cross-chain multi-party computation (MPC) validators operating with threshold signature schemes (TSS). The network is leaderless, and maintains security by each validator running the same process upon receiving on-chain events on the various chains that the MPC validator group tracks. Once two-thirds of all validators have collectively signed the same transaction using their own individual key, the network achieves consensus and issues a transaction to the destination chain.
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Cross-Chain AMM
The Synapse Network is responsible for responding to on-chain events to submit transactions to any particular destination chain, directing liquidity within the network to its desired location. The Synapse AMM is how the assets that compose that liquidity are transformed into tokens native to the chosen destination chain.
To do this, the AMM implements a concentrated-liquidity stableswap algorithm to price and re-balance assets within its cross-chain liquidity pools to enable frictionless movement of assets between ecosystems with low slippage.
By combining the fastest cross-chain network together with an AMM, Synapse ensures well balanced liquidity pools across blockchains: cross-chain flows are consistently arbitraged allowing users to continuously move seamlessly capital across blockchain with minimum slippage.
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SYN (Synapse Token)
SYN is the asset that powers the Synapse Ecosystem. It is currently used for community governance votes via the SynapseDAO, as an incentive for the liquidity providers that enable the protocol's cross-chain functionality, and as a subsidy to pay for the gas expended by network validators to secure transactions across the network.
Upon the launch of Synapse Chain in the Archean Phase, SYN will provide economic security for the chain by requiring validators to stake it in order to operate on the network. As the native token of the Synapse Chain, SYN will also be used to pay for transactions within the network as well as for bridging to other chains.
The Synapse Chain
Synapse is currently developing a Proof of Stake (PoS) blockchain.
The Synapse Chain will allow developers to build on top of Synapse cross-chain liquidity and create a new generation of protocols, able to interact with assets regardless of which blockchain those are located.
Last modified 2mo ago