Synthetix, a decentralised derivatives and synthetic asset trading protocol, has initiated its layer two platform known as Optimistic Ethereum. The new technology promises to allow speedier transactions with smaller fees, due to the fact that not every transaction is verified. The first assets to be accessible will be sUSD, sBTC, sETH and sLINK.
In line with this, Thales, a Synthetix-based platform, has entered the market. Traders on Thales will be able to engage in trading based on binary speculations about price movements. As a trial, users will also be able to bet on yes or no questions related to the Olympic games, using sLONG and sSHORT tokens.
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