H2O and Synapse Partnership: Enabling Cross-Chain H2O Liquidity
Overview
The H2O team is excited to announce a bridging partnership with Synapse Protocol. With this partnership, Synapse Protocol has enabled the ability for users to bridge H2O across Ethereum <> Polygon. In result, H2O holders will also be able to access the Ocean Marketplace on both chains. Going forward, Synapse will act as our trusted partner for all future bridges. For the unaware, Synapse Protocol is one of the most widely used cross-chain liquidity networks. Since launch in August 2021, Synapse reached a peak TVL of $1.2b in early 2022.
About H2O
H2O is the first non-pegged stable asset for the Web3 Data Economy. Initially, it is backed by the OCEAN token but in Q3 it will also be backed by other next-generation data tokens.
Disclaimer: This article has been published previously on our Mirror blog.
