Synthetix V3 Witnesses Rapid Increase in Liquidity Providers Post-Launch

According to Foresight News, Synthetix recently announced that following the launch of Synthetix V3 on Base, the number of liquidity providers (LP) briefly reached the cap of 10 million USDC last night. The cap has now been raised to 21.92 million USDC through the governance layer. This rapid increase in liquidity providers indicates a strong interest and trust in the newly launched platform. The decision to raise the cap was made to accommodate the growing demand and ensure the smooth operation of the platform. The governance layer plays a crucial role in maintaining the stability and efficiency of the platform by making necessary adjustments based on the platform's performance and market conditions.