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Balancer launches on Ethereum L2 network Optimism -Breaking

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Balancer launches on Ethereum L2 community Optimism

Automated market maker and decentralized finance (DeFi) protocol Balancer has formally deployed on Optimism, the extremely touted layer-2 scaling resolution, in a transfer designed to boost consumer performance by rising scalability and lowering charges.

Balancer’s Optimism deployment was carried out along with Beethoven X, a decentralized funding platform on the Fantom Community that forked from Balancer v2. Collectively, each groups are stated to have developed a decentralized alternate that’s set to compete within the Optimism ecosystem.

Like different DeFi-focused protocols, Optimism has seen its community exercise decline significantly over the previous two months. Supply: DeFiLlama