This proposal aims to deploy Synapse onto Pulsechain, a new blockchain built as a fork of Ethereum with low transaction fees. By deploying Synapse on Pulsechain, users will gain seamless access to the broader multi-chain ecosystem supported by Synapse, facilitating the movement of assets and fostering interoperability.
Pulsechain has demonstrated remarkable achievements within a short span of time, positioning itself as a promising blockchain in terms of liquidity and trading volume. With its rapid growth and impressive metrics, deploying Synapse on Pulsechain will unlock even greater potential for both ecosystems. This integration will enable Pulsechain users to bridge assets between Pulsechain and the other EVM chains.
Pulsechain has achieved outstanding metrics since its launch, showcasing its potential as a vibrant blockchain ecosystem:
- 3rd (was 2nd for a day in front of BSC) on the Dexscreener leaderboard in less than a week, which indicates strong trading activity and user engagement within the Pulsechain DEX ecosystem.
- $125 million total value bridged: including $27 million in USDC, $25 million in DAI, $17 million in USDT, and 9.9K ETH.
- Approximately $200 million in daily trading volume over the course of 7 days, with an average of 210,000 transactions per day. These figures highlight the active and liquid marketplace provided by Pulsechain. The high trading volume emphasizes the demand and potential for bridging assets between Pulsechain and other chains via Synapse.
We propose deploying two liquidity pools to cater to the specific asset pairs in high demand within the Pulsechain ecosystem. The proposed pools are as follows:
nETH / "ETH from Ethereum"
nUSD / "USDC from Ethereum"
The target TVL is 1,000,000 USD for both pools.
The proposal requests the Synapse DAO to incentivize these two pools with 2500 SYN per week split for both pools.