Equalizer will deploy Flash Loans on Optimism
We are excited to announce that our awesome developers are working on integrating Equalizer Flash Loans with Optimism, which is a low-cost and lightning-fast Ethereum L2 blockchain. It will be our second integration this year, after Equalizer deployed on Polygon at the beginning of January.
Optimism is equivalent to the Ethereum Virtual Machine which provides L2 solutions for blockchain apps. It is a Public Benefit Corporation, a for-profit corporation that is obligated to balance the financial interests of stockholders with the best interests of our community, and society. The main purpose of Optimism is to support the building of blockchain-based infrastructure based on Ethereum values.
The Equalizer team pays much attention to researching how to improve the performance of our Flash Loans product. L2 solutions help to scale an application by processing transactions off of the Ethereum Mainnet (layer 1) while still maintaining the same security measures and decentralization as the Ethereum Mainnet. This also increases transaction speed and reduces gas fees.
Equalizer is the first provider of Flash Loans on Optimism and is taking a step towards increasing the usage of Flash Loans, staying true to its mission of making Flash Loans available to everyone.
Optimism is a low-cost and lightning-fast Ethereum L2 blockchain, making Ethereum transactions cheaper and faster. Optimism addresses the practical needs of developers and users.
Equalizer is the first dedicated flash loan marketplace built on top of a scalable infrastructure that can handle the rising demand of decentralized lending and borrowing and that can boost the trading volume of any listed asset. It offers top benefits over the popular do-it-all DeFi protocols and sets itself a class apart by offering lower fees, a virtually unlimited choice of token vaults, high liquidity through yield farming, and multi-chain capabilities.
Equalizer enables profitable trading strategies for arbitrage, liquidations, portfolio rebalancing, and collateral swapping.