The bZx lending protocol will be launched on Optimism DeFi | DeFI News & Alerts

The bZx lending protocol will be launched on Optimism

DeFi bZx " in the next few weeks" will be expanded with the Ethereum Layer 2 Optimism scaling solution. Over the past few months, bZx has been launched on BSC (Binance Smart Chain), Ethereum and Polygon. The use of Optimism is expected to reduce user transaction fees by a factor of 10-50.

"bZx will be the first margin trading, lending and borrowing platform to launch on Optimism. There is a huge demand for Layer 2 solutions like Optimism to provide an antidote to the expensive and volatile Layer 1 gas market," the statement said.

Optimism currently reduces users' underlying transaction costs by a factor of about 10-50. The table below shows savings by transaction type, which will improve significantly over time.