Proposal to deploy Synapse to LightLink network

danll

Introduction to LightLink

LightLink is an Ethereum Layer-2 solution aimed at resolving some of the challenges faced by blockchain users. It uses optimistic rollup technology and has plans to integrate ZK rollups as the technology matures. With its dual mode of operations - Enterprise mode for larger entities and a standard mode for regular users, LightLink provides a platform for gasless transactions, allowing fees to be paid in either Ethereum (ETH) or its native token, LL.

Its adaptable nature makes it well-suited for various applications, including but not limited to enterprise ecosystems, gaming platforms, metaverse projects, ticketing systems, and identity management solutions. While a bridge is being created to facilitate asset transfers between LightLink and Ethereum's mainnet network, there's a broader vision in place to promote direct connections with other networks as well.

LightLink is backed by strong financial support, with a successful seed investment round, led by a large Asian conglomerate and various strategic partners. This positions LightLink well for potential collaborations through its Ecosystem Fund (28% of raise).

Upcoming Developments

In terms of its future development pipeline, LightLink plans to roll out several protocols starting Q3 2023. An Automated Market Maker (AMM) is set for deployment on mainnet in June 2023, followed by a lending protocol and a liquidity hub. These applications aim to increase the utility and versatility of the LightLink network.

Proposal for Synapse Integration

A proposed integration with Synapse Protocol is on the horizon. Synapse, a renowned platform that bridges assets between different blockchain networks, would potentially enable direct and efficient interactions between LightLink and other networks. This integration could have benefits for both platforms, enhancing their operational efficiencies and reach.

As a token of gratitude for this integration, LightLink proposes to offer Synapse Protocol a grant of $10,000 USD worth of LL tokens upon successful integration. This will be calculated based on a 30-day average of the token price post the planned Token Generation Event (TGE) around October.

For more details, please visit LightLink's website: https://lightlink.io.

SgtPeppers

Would love to see something like this happen - big fan of the USPs of the LightLink network. With a focus on enterprises via its 'Enterprise Mode', lots of users are being onboarded and receiving tokens that will likely need to be off-ramped to obtain value outside of the growing, yet nascent LightLink ecosystem. Beyond this, LightLink has been lining up partnerships with incubators and VC firms to focus on bringing novel DeFi protocols to the network as well as dApps not related to the financial world - ticketing, social, metaverse and NFTs. With some big names backing the network, including CP Group, I suspect LightLink will grow rapidly as the team ramps up its marketing with the appropriate budgeting. It would be awesome to see Synapse front-run this growth with an early integration, bringing higher levels of liquidity to network.

I back this proposal! Let's see Synapse integrated with LightLink!

geefived

This would be so awesome. Considering a LightLink-Synapse integration, Imagine a network with assets that can freely move across various blockchains, where transactions are faster and cheaper (free?) and larger entities contribute to network activity. Increased liquidity also seems very promising - it could drive the overall market vitality and encourage more DeFi participation. Let's get behind this!