BTC

$63850.001

-3.98%

ETH

$3105.53

-5.30%

BNB

$608.294

-1.30%

XRP

$0.52

-4.82%

DeFi

Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

August 16, 2022 - Around 2 mins mins to read
Iron Bank – aggregate lending solution developed by Yearn Finance and DeFi Andre Cronje chose to implement the protocol on Optimism.
Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Iron Bank lending and borrowing platform joins the layer-2 Optimism network to promote cross-chain capabilities and enhance security and capital efficiency for users.

Optimism users can now borrow/lend their crypto assets while benefiting from competitive gas fees, attractive rewards, and other attractive profit options.

“By launching on Optimism, we aim to make DeFi more accessible, scalable, and reliable as the protocol-to-protocol liquidity backbone.”

Iron Bank will initially reward those who participate in providing WETH, USDC, and DAI liquidity on the platform, with approximately 11,500 IB tokens distributed over the next month.

In addition, Iron Bank initiated a bug bounty campaign with ImmuneFI and Nexus Mutual, focusing on detecting and preventing potential bugs in users’ assets.

Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

DeFi projects are shifting from Ethereum to layer-2 solutions because of expensive gas fees. Optimism has become one of the most popular layer-2 due to its fast transaction speed and cheaper gas fees.

With Chainlink, the DeFi firm has also begun delivering a decentralized pricing oracle, a trusted third party that provides data from outside sources to a blockchain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

immunefi

Iron Bank

Layer 2

Nexus Mutual

optimism

Yearn Finance

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Iron Bank – aggregate lending solution developed by Yearn Finance and DeFi Andre Cronje chose to implement the protocol on Optimism.
Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

Iron Bank lending and borrowing platform joins the layer-2 Optimism network to promote cross-chain capabilities and enhance security and capital efficiency for users.

Optimism users can now borrow/lend their crypto assets while benefiting from competitive gas fees, attractive rewards, and other attractive profit options.

“By launching on Optimism, we aim to make DeFi more accessible, scalable, and reliable as the protocol-to-protocol liquidity backbone.”

Iron Bank will initially reward those who participate in providing WETH, USDC, and DAI liquidity on the platform, with approximately 11,500 IB tokens distributed over the next month.

In addition, Iron Bank initiated a bug bounty campaign with ImmuneFI and Nexus Mutual, focusing on detecting and preventing potential bugs in users’ assets.

Iron Bank, Yearn Finance Join Layer 2 Protocol Optimism

DeFi projects are shifting from Ethereum to layer-2 solutions because of expensive gas fees. Optimism has become one of the most popular layer-2 due to its fast transaction speed and cheaper gas fees.

With Chainlink, the DeFi firm has also begun delivering a decentralized pricing oracle, a trusted third party that provides data from outside sources to a blockchain.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News

Visited 53 times, 1 visit(s) today