OP Succinct is announced by Succinct Labs
OP Succinct
Succinct Labs has announced OPsuccinct in partnership with OP Labs to address the disadvantages of zero-knowledge rollups. It is said to leverage significant high-quality, open-source work in the Ethereum and Optimism ecosystems such as OP Stack and Kona.
Source: Succinct Blog PostSuccinct X Post
Succinct Labs & OP Labs
Succinct Labs is a Paradigm-backed startup known for its 7-day fraud-proof window, cheap and fast transactions. OP Labs is a layer 2 scaling solution for Ethereum that has gained popularity for reducing the load on the Ethereum network and making it easy to use.
My Point
I have Ethereum tokens from OP Mainnet; since they are linked to OP, I am unable to stake them in the normal way. It is difficult to leave the exchange, the swap fee in the wallet is high, and the sell price is low. It is not clear whether Succinct Labs will be able to solve such a problem or not, but whatever it is, it seems likely to provide some convenience.
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