Vitalik Buterin Stakes $9K Worth of SNX via Optimistic Ethereum

Vitalik Buterin Stakes $9K Worth of SNX via Optimistic Ethereum

By Abhimanyu Krishnan | News | 26 Jan 2021


Ethereum co-founder Vitalik Buterin has staked SNX via the Optimistic layer 2 solution on Jan. 25, as seen in data from Ethscan.

  • Buterin staked just under $10,000 on the Synthetix L2 bridge on Jan. 25, making him the most high profile staker yet
  • Buterin himself has not commented on the transaction, and it could just be that he is testing the Optimistic Ethereum solutions
  • Optimistic Ethereum is a scaling solution for Ethereum that soft launched last week, reducing gas costs by a factor of 143x in a Synthetix demo
  • Currently, staking is a one-way bridge but Synthetix will add support for two-way bridges, additional assets and Chainlink oracles for in the near future
  • There are currently multiple solutions for lower gas costs and faster confirmation times that are being worked on, including Loopring’s zkRollup solution

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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