Equalizer Brings Flash Loans to Optimism Users with New Integration
We are thrilled to announce that Equalizer is now integrated with the popular Ethereum Layer 2 scaling solution Optimism. The integration enables Optimism users to take advantage of opportunities offered by Equalizer, including arbitrage, collateral swapping, liquidations, and portfolio rebalancing.
Optimism is the first Ethereum Layer 2 to develop an Ethereum Virtual Machine (EVM) compatible Optimistic Rollup solution. The blockchain is a Layer 2 scaling solution that supports a wide range of Dapps built on Ethereum, including DeFi protocols, NFT projects, bridge protocols, wallets, tools, portfolio trackers, and DAOs.
Equalizer’s key offering is flash loans, which are a relatively new form of uncollateralized lending within the DeFi ecosystem. Flash loans have compelling use cases in DeFi as they offer arbitrageurs a unique funding source for quick trades.
Equalizer has a stated vision of making flash loans accessible for everyone. The integration with Optimism opens the doors for Equalizer to offer flash loan lending services to some of the biggest DeFi platforms in terms of total value locked (TVL) including Uniswap and 1Inch.
Users of Optimism will also benefit from Equalizer’s integration as its flash loans services offer:
- Low and dynamic fees
- Top gas efficiency
- Easy integration(EIP-3156 FL Protocol)
- Compatibility with any tokens or chains
- High liquidity
- Smart Contracts audited by Certik.
The integration with Optimism is Equalizer’s second major milestone this year as it launched on Polygon back in January.
Equalizer has plans for more integrations in the future.
Optimism is an Ethereum-based L2 solution allowing for lightning-fast and scalable smart contracts implementation. The blockchain is self-described as a “Public Benefit Corporation’’ dedicated to balancing the financial interests of stockholders with the best interests of the community. At its core, Optimism aims to make Ethereum transactions cheaper and faster.
Launched in 2021, Equalizer is the first dedicated flash loan marketplace built on a scalable infrastructure. The platform offers gas efficiency and the lowest fees in the flash loan borrowing and lending market. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.