Motivation
I’m proposing to deploy Balancer onto Optimism to bring one of DeFi’s most advanced AMM protocols to the future of Ethereum allowing users who want automated portfolio management to have one while avoiding Ethereum’s high fees.
Specifications
Optimism is a Layer 2 Optimistic Rollup network designed to utilize the strong security guarantees of Ethereum while reducing its cost and latency. Optimism is EVM equivalent, making the transition from L1 to L2 as seamless as possible. This means one-click deployments and full compatibility with most of the tooling Ethereum developers are accustomed to. It also means that with very few exceptions, existing Solidity smart contracts can run on Optimism exactly how they run on Ethereum. You can read more about EVM Equilvance here:
Optimism is a public goods funding mechanism, and any deployments on Optimism support the funding of open-source public goods. This creates a positive economic feedback loop that funds critical infrastructure and innovation for developers and users alike. Read more about our retroactive public goods funding:
Optimism has support for Gnosis, TheGraph and Chainlink.
Metrics:
TVL: $386m
39k ETH in fee savings over the last 30 days
179k unique addresses since regenesis
47.2k active addresses in the last 30 days
Audience:
Twitter 103k → optimismPBC
Discord 16k
Medium 4.8k
