bZx is launching on Optimism

bZx will be launching on Optimism in the coming weeks. Over the past few months, bZx has launched on BSC, Ethereum, and Polygon (Matic). Now we are launching on Ethereum’s Optimism. bZx will be the first margin trading, lending and borrowing platform to launch on Optimism. There has been enormous demand for Layer 2 solutions like Optimism to provide an antidote to the expensive and volatile gas market on Layer 1.

How cheap ($) will transactions be on Optimistic Ethereum?

Currently, Optimism reduces baseline user transaction costs by ~10x-50x. The table below lays out these savings by transaction type, which will improve substantially over time.

How to connect your Metamask Wallet to Optimism

Using bZx on Optimism is a simple matter of depositing your L1 assets into L2, and then switching your wallet to interact with Optimism.

You can transfer assets from Layer 1 Ethereum to Layer 2 Optimism through the Optimism Gateway. Deposits will arrive in your wallet within 5 minutes so you can start trading on Uniswap right away.

After you’ve transferred your assets to L2 Optimism, simply add Optimism to your network list on Metamask.

Conclusion

In the near future we will be releasing more information and a firm date for when the launch will take place. In the meantime, users can still use our products on Polygon, Ethereum, and BSC.

About the author
Tom Bean
Community Member