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Iron Bank, Yearn Finance and Homora join the Optimism Network



Time:8/16/2022 12:28:38 PM

Jinze Finance reported that on Tuesday, Ethereum-based lending platforms Iron Bank, Yearn Finance and Homora joined the Optimism network to improve cross-chain interoperability, security and capital for their users efficiency. “By listing Optimism, we aim to make DeFi more accessible, scalable, and reliable as a protocol-to-protocol liquidity backbone,” Puff, a major Iron Bank contributor, explained in a statement.

According to Dark Ghosty of Yearn Finance, ethereum fees have become prohibitive for users during times of high network demand, with network fees reaching as high as $9,000 per transaction during one such period earlier this year. This is why building on a network like Optimism makes DeFi projects more accessible to users. (CoinDesk)

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