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TechFlow, June 14 — Decentralized finance platform Synthetix announced it will gradually discontinue all of its Layer-2 deployments on the Base network by July 7, 2025, refocusing efforts on the Ethereum mainnet and discontinuing Base trading and LP vaults. The plan will be implemented in stages.
Synthetix stated that the decision to phase out its L2 deployments stems from ongoing infrastructure instability and liquidity fragmentation.
Decentralized finance platform Synthetix announced it will gradually phase out all of its Layer-2 deployments on the Base network by July 7, 2025, refocusing on the Ethereum mainnet and discontinuing Base trading and LP vaults. The plan will be implemented in stages. Synthetix stated that the decision to wind down its L2 deployments stems from ongoing infrastructure instability and liquidity fragmentation.
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