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Why we’ve opened a bridge to Optimism
Like rhino.fi, Optimism is striving to scale back the burden on Ethereum by bringing widespread dApps onto a Layer 2 rollup. This implies transactions happen off the congested Layer 1 and keep away from the punishing fuel charges.
Optimism processes transactions barely in a different way than rhino.fi – as its identify may recommend, it makes use of optimistic validation, whereas we use zero-knowledge validation – however we’ve each received the identical core goal in thoughts: pace, simplicity and scalability.
Whereas rhino.fi gives a conduit to different DeFi ecosystems by way of bridges and cross-chain swaps, Optimism serves as the bottom camp for dozens of widespread dApps. Listed here are a few of the hottest:
SushiSwap. A decentralised neighborhood for swaps, trades and yield farming.Aave. An open-source, non-custodial liquidity protocol for lending and borrowing.Quix. The primary NFT market constructed particularly for Optimism, enabling you to purchase the preferred collectibles in DeFi in milliseconds.
Rhino.fi lets you discover the world’s most promising blockchains. Optimism lets you discover the world’s most promising dApps.
The right way to bridge
It’s super-simple. Simply head over to the Bridge widget on rhino.fi and also you’ll see Optimism within the checklist of obtainable choices.
Enter the token and amount you want to bridge, choose Optimism, and click on to substantiate (you’ll additionally want to attach your pockets for those who haven’t already).
What are the dangers?
For whole transparency, we need to make sure you’re conscious of the dangers that include bridging. These embody:
Sensible contract hacks. Sometimes, the sensible contracts that govern the move of funds round bridges could be hacked, though rhino.fi has put rigorous measures in place to stop this (you possibly can learn an impartial safety evaluate of our sensible contracts right here).
It’s additionally vital to say that, although charges are at a minimal, there’s no assure that any alternatives you pursue on Optimism will ship a revenue. So remember to do your individual analysis and attain out to us on Twitter or Discord if you wish to talk about.
So for those who’d wish to discover the alternatives, simply click on beneath.
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