Hassan Maishera
On Wednesday, the Optimism team announced via X that Ether.fi, a leading DeFi platform, has launched on the Optimism ecosystem. One of crypto's fastest-growing payment products is making Optimism its home.
The problem: crypto holders want to spend without selling. Every transaction forces a choice between conviction and convenience. http://ether.fi built http://ether.fi Cash to solve this.
Teams building consumer-facing products at scale choose Optimism for production-ready infrastructure, ecosystem network effects, and long-term alignment.
For developers building payments, lending, or consumer-facing applications, this is what production-scale looks like.
Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.
Optimism is one of the biggest scaling solutions for Ethereum, with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.
Optimism’s main utility is to batch transactions on the Optimism network. Optimism allows users to enjoy lower gas fees on their transactions executed on the Optimism network through optimistic roll-up technology. OP is trading at $0.1451, down 23% in the last 24 hours.
