Synthetix has announced the discontinuation of its deployment on the Base network, shifting all resources back to the Ethereum mainnet. This strategic withdrawal aims to address persistent infrastructure challenges and liquidity fragmentation that have hampered the protocol’s Layer-2 efficiency.
The transition involves ceasing all trading activities on Base and systematically winding down liquidity provider vaults. By consolidating operations, Synthetix intends to enhance platform stability and deepen liquidity concentration on Ethereum’s primary layer, optimizing performance for users and traders.
This move reflects a broader industry shift where DeFi protocols prioritize operational robustness and scalability on established networks. The decision underscores Synthetix’s commitment to refining core infrastructure amid evolving decentralized finance demands.