Balancer Deployed on Optimism

Balancer Deployed on Optimism

03.06.2022 11:49
by Srđan Jovanović
1 min read

Balancer, the decentralized finance (DeFi) and automated market maker protocol, is now deployed on Optimism. This Ethereum layer-2 scaling solution will reduce fees and transaction speed, as well as increase scalability for Balancer users. In addition, thanks to its reliance on Optimistic Rollups, which is a scaling solution operating along Ethereum’s main chain, Optimism now supports all Ethereum decentralized applications.

Balancer Labs cooperated with Beethoven X, a Fantom Network’s decentralized investment platform, in order to bring this protocol to Optimism.

There have been expectations that Optimism will airdrop new tokens soon. In fact, almost 250,000 addresses are eligible for receiving tokens after they’ve been airdropped. This is one of the main reasons behind the increasing popularity of the Optimism network. Namely, the number of projects deployed on Optimism has significantly grown, with the total number of such projects now being 38. The network’s TLV (Total Locked Value, arising from the 38 projects) is over $320 million, making Optimism the 19th largest network in terms of overall value. However, this amount is less than Optimism’s peak TLV from late April, which amounted to more than $510 million.

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  • Long-time editor, crypto enthusiast, and all for free trade. Also a social scientist, musician, and a thorough-going liberal. Wrapped up a degree in linguistics, an MA in politics, and a PhD in history. Six postdocs afterwards. Speaks English, Serbian, Czech, and Swedish, communicative in German, Russian, Polish, Italian, Slovak, Norwegian, and even some Mandarin. Cryptocurrencies are the future.

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