Layer2.financeDon’t ask DeFi to migrate to Layer2, bring Layer-2 to DeFi instead!
Description
Layer2.finance, a Celer Network project that aims to bring mass audiences to the existing Decentralized Finance (DeFi) ecosystem with layer-2 scaling technology. Layer2.finance acts as a low-cost and trust-free gateway for the “early majority” users to explore and benefit from the existing DeFi ecosystem without the concerns of high transaction (gas) costs offsetting their gains.
Layer2.finance enables quadratic scaling of the existing layer-1 DeFi ecosystem “in-place” with no protocol migration needed and therefore, does not cause liquidity fragmentation or break composability. Layer2.finance achieves this using an optimized layer-2 rollup construct to aggregate N small-fish users’ fund allocation transactions on layer-2 into a single one on layer-1 in a trust-free fashion. In this blog post, we’ll discuss the motivation, architecture and launch plan for Layer2.finance.
DefiEthereumRollupScaling